Allied Capital Title (ACT) has purchased Zelle Title, LLC and will now be operating under the name Zelle Title Services in the Springfield market.
ACT, which is headquartered in Champaign, has seven locations throughout central Illinois and Indiana, including a location in Springfield at 4011 Yucan Drive. Zelle Title, which has been in business since 1986, currently operates out of an office at 1233 Henrietta in Springfield. However, the plan is to identify a new location that will be large enough to accommodate the combined staff.
“By the time it’s all said and done, we’ll have 10 employees in Springfield,” said Kim Young, branch manager. “We will eventually all be in one building, but we haven’t settled on a location yet.”
Young pointed out that ACT and Zelle are among the few remaining independently owned title companies and said she looks forward to having the combined resources of the two offices. “I think it’s outstanding,” she said.
Last year, ACT purchased a title insurance company in Effingham and continued to operate it under that company’s name. The other locations operate under the ACT name.