New business spotlight on Madison Settlement Services

David Breschi feels Williamsport has a lot going for it these days, especially from an economic standpoint.

That’s why he decided to open up a branch office of Madison Settlement Services in Lycoming County.

“We have offices in central Pennsylvania – Selinsgrove, Lewistown and Lewisburg – and had success there,” said Breschi, CEO and president of the company. “We felt Williamsport was a place with a significant amount of economic growth and housing growth. We talked to people and thought it was good place.”

Madison Settlement Services is a national title agency based in Hanover. Breschi explained that the company sells title insurance to people who are buying or selling homes.

“We also sell lenders insurance,” he said.

The new branch office, located on the fourth floor of Water Tower Square, held its grand opening in January. Two full-time people are working out of the office. Breschi feels Williamsport is a good fit for the business.

“I think its a really neat town,” he said. “I think with oil and gas industry that has taken off, the potential is limitless. It’s ready for a renaissance.”

Breschi practiced law for 13 years before deciding to launch Madison Settlement Services.

With experience doing legal work for banks, he was somewhat prepared for the career change.

“I originally went into the business with a client,” he recalled. “We’ve been around since 2003.”

He said Virginia Engle is his business partner for central Pennsylvania. Matt Kranz is the branch manager of the office.

Over the years, he’s grown the business to include nine offices statewide and one in Hagerstown, Md. The Selinsgrove office opened eight years ago. He said he plans to open several more offices too.

“We are excited about the potential,” he said.

The phone number is 570-326-3200.

Madison Settlement Services, 1000 Commerce Park Drive, Suite 408, Williamsport.