Reno County Abstract Title Co, Inc. Receives June Small Business Spotlight Award
Congratulations to Reno County Abstract and Title Inc. (RCAT) for being the June 2008 Small Business Spotlight Award Recipient.
RCAT's, history begins in 1884. Originated by J.S. May in 1884 as the May Abstract & Title Company, the company then changed ownership twice before Merv C. Hartke, John F. Hayes, and William Miller bought the company in 1955. In 1969, Merv purchased the interest of his partners. When Merv purchased the company, he was the manager of Hall abstract company, where he got his start in the title business in 1941. He then incorporated the two businesses into Reno County Abstract & Title, Inc. The Hartke's sold the company to Charles and Suzanne Brown as RCAT, Inc in 1991. Charlie Brown continues to operate RCAT, Inc. today.
RCAT located at 408 North Main, is a full service abstract and title insurance agency dedicated to providing prompt and professional title insurance policies, closings, certificates of titles, home equity policies, foreclosure binders, sheriff sales, and limited title searches. RCAT, Inc currently has 13 full and part-time employees. “We attribute our success to the hard work put in by owner and president, Charlie Brown,” said Michael Holland. “We are fortunate to have Charlie’s experience and his background in the lending institution, his knowledge is what sets us apart from the competition.” In addition, to the knowledge and experience brought to the company by Charlie Brown, RCAT credits its employees for their success. “We have some employees that have been with the company for over twenty years,” said Todd Brown, Vice President of RCAT. “We have a low turnover rate and attribute it to the fact that we are locally owned and family operated.” Charlie Brown, along with his son Todd Brown and son-in-law Michael Holland, operate RCAT. Todd Brown joined the company in 1992 and Michael Holland joined the company in 1998, left and returned in 2006.
While RCAT works with both residential and commercial properties, residential makes up for about 90% of the business. “We work with lenders from all across the state of Kansas, as well as the U.S.,” said Todd Brown, Vice President, RCAT. “We also do most of our business within Reno County accounting for 95% of our business, with the other 5 % being outside this region.” According to Charlie Brown, the industry has seen a shift in business; “Over the last 15 years, we have seen a shift in the industry where at least 50% of our business comes in closing transactions.”
In addition to the services mentioned above, RCAT is the home to a complete Abstract Plant, a clone of the information that can be found at the Reno County Courthouse. “We’re the only company in Reno County to have these records on file, and available to the public,” said Charlie Brown, President.
When asked why RCAT joined the Chamber Charlie Brown stated, “Because it’s good for business and we like to support the community.” Michael Holland added, “Charlie’s always been an advocate for supporting the community. This is evident in his involvement with the Chamber, having served as the Board Chair in 1980, as well as serving on many other projects that support local businesses and the community. He believes that giving back to the community is important and good for business.”
The Small Business Council selected Reno County Abstract and Title, Inc. from nominations made by Chamber members. The award is given monthly to a Chamber business that exemplifies community spirit and superior business practices. Nominees must be a Chamber member in good standing, been in business for at least three years, and employ fewer than 25 people.
The Small Business Spotlight Award is proudly sponsored by First National Bank of Hutchinson and Hutchinson Credit Union.
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