DALLAS, May 13, 2013 /PRNewswire/ -- Mark Morganfield has been named Executive Vice President, Chief Credit Officer of Southwest Securities, FSB (the "Bank"), the commercial banking subsidiary of SWS Group, Inc. (SWS). Mr. Morganfield joined the Bank in 2011 as Senior Vice President, Credit Administration Manager.
"Mark has been a valuable member of our leadership team and has played an important role in strengthening Southwest Securities, FSB during his tenure here," said Robert Chereck, Executive Chairman and President of Southwest Securities, FSB. "I am proud to welcome him to this new position as we continue to expand our business in the markets we serve throughout Texas and New Mexico."
Mr. Morganfield brings more than 30 years of experience in the financial services industry to his new role at the Bank. He joined Southwest Securities, FSB from Credit Union Liquidity Services where he served as president and CEO. He has also served as president of Peachtree Franchise Finance and managing director at both ORIX Real Estate Capital Markets and AMRESCO Capital Corporation. In addition, he has held senior-level positions with Bank of America and RepublicBank in Dallas.
Mr. Morganfield earned a bachelor's degree in business and economics from Augustana College in Sioux Falls, S.D., and an MBA with a dual concentration in finance and accounting from Vanderbilt University's Owen Graduate School of Management.
Southwest Securities, FSB, was established in 1986 and became a wholly owned subsidiary of SWS Group, Inc. in 2000. Based in Dallas, Southwest Securities, FSB offers a variety of commercial banking services designed to help businesses grow and communities prosper.
SWS Group, Inc. is a Dallas-based company offering a broad range of investment and financial services through its subsidiaries. The Company's common stock is listed and traded on the New York Stock Exchange under the symbol SWS. SWS Group, Inc. subsidiaries include Southwest Securities, Inc., a national clearing firm, registered investment adviser and registered broker-dealer; SWS Financial Services, Inc., a registered investment adviser and a registered broker-dealer serving independent securities brokers and their clients; and Southwest Securities, FSB, one of the largest banks headquartered in the Dallas-Fort Worth metropolitan area.
- Investment & Company Information