SWS Group ( SWS) executive Richard Driscoll won a three-year term on the board of directors of America's Community Bankers, the national trade group for community banks.

Driscoll is CEO of SWS unit Southwest Securities Bank, Arlington, Texas.

The trade group's board sets its legislative and regulatory policy agenda.

"I am honored to be such an integral part of this community banking association," said Driscoll. "It's an opportunity to share with, as well as learn from, other organizations on how community banks can better serve their members and customers."

On Wednesday, SWS rose a dime to $22.10.