DALLAS, May 23, 2012 /PRNewswire/ -- Gary W. Orr has joined Southwest Securities, FSB, the commercial banking subsidiary of SWS Group, Inc. (NYSE: SWS), as President of the company's banking center in Houston, Texas.
" Gary Orr's experience and proven record of success in the Houston area make him a perfect fit to lead our lending efforts in this important market," said Robert Chereck, Executive Chairman and President of Southwest Securities, FSB. "We are actively pursuing opportunities to grow our commercial banking business in the markets we serve throughout Texas, and our Houston team will play an important role in achieving our goals."
Mr. Orr joins Southwest Securities, FSB following a career of more than 20 years with Comerica Incorporated where he served as Market President in Houston for nearly a decade. He began his career with Comerica in 1989 as a middle market corporate banker and went on to become loan group manager four years later and Texas Chief Credit Officer in 1995. He was promoted to Market President in 2001. Mr. Orr earned a Bachelor of Business Administration from Midwestern State University and a Master of Business Administration from the University of North Texas.
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. SOURCE Southwest Securities, FSB