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. Mr. Morganfield joined the Bank in 2011 as Senior Vice President, Credit Administration Manager. 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.

Southwest Securities, FSB has named Vito Carbone as regional president of the company's Austin, Texas market area. Mr. Carbone has deep roots in the Austin business community where he spent 15 years as regional president for Wells Fargo Bank. Mr. Carbone joined Southwest Securities, FSB in May 2012 as senior vice president, manager of Commercial and Industrial Lending in Dallas.

Southwest Securities, FSB, has announced the opening of a new loan production office in San Antonio, Texas. The office is located at 153 Treeline Park, Suite 101. Southwest Securities, FSB appointed Mark Koshnick as President San Antonio Area, and Chris Human as Vice President - Commercial Loan Officer. Mr. Koshnick has more than 18 years of banking experience in the San Antonio area and joins Southwest Securities, FSB from Capital One Bank where he was market president and regional manager of corporate middle market banking. Prior to joining Capital One, he was market manager of corporate middle market banking with SouthTrust Bank in San Antonio and has also held positions with Guaranty Bank and Bank of America. Mr. Koshnick earned a bachelor's degree from Purdue University and received Executive Management Certification from the University of Virginia's Darden School of Business. Mr. Human also joins Southwest Securities, FSB from Capital One Bank in San Antonio where he was vice president - relationship manager in the commercial banking department. He has 16 years of experience in the banking industry, primarily in the San Antonio area. He has served with Compass Bank, Merrill Lynch and SouthTrust Bank, among others. Mr. Human earned a bachelor's degree from the University of Texas - San Antonio and is a Certified Treasury Professional.