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SOUTHWEST SECURITIES GROUP FILES PUBLIC OFFERING, INCREASES QUARTERLY DIVIDEND

 DALLAS, Aug. 26 /PRNewswire/ -- Southwest Securities Group, Inc. (NASDAQ: SWST) today filed with the Securities and Exchange Commission a public offering of 1,180,000 shares of common stock.
 The company will receive the proceeds from 1,000,000 shares of the offering, and selling stockholders will receive the proceeds from 180,000 shares. Raymond James & Associates, Inc., Southwest Securities, Inc. and D.A. Davidson & Co. will be the managing underwriters of the offering.
 "The purpose of this offering is to raise funds for expansion of our securities transaction processing and related businesses and general corporate purposes," said Don A. Buchholz, Southwest Securities Group chairman of the board and chief executive officer.
 In other actions, Southwest's board of directors increased the company's regular quarterly dividend by 50 percent. The 3 cents per share cash dividend declared on Aug. 26, 1993 will be payable on Oct. 1, 1993 to common stockholders of record on Sept. 15, 1993.
 Southwest's board of directors also elected Susan M. Byrne as a director. She is founder, president and chief executive officer of Westwood Management Corporation, a wholly owned subsidiary which manages equity, fixed income, cash and balanced accounts. Westwood is a registered investment advisor. When the Westwood acquisition was completed in June, Southwest announced that Byrne would become a member of its board.
 Southwest Securities Group, Inc. is a Dallas-based holding company. Through subsidiaries, it provides fully disclosed securities transaction processing and other related services as well as securities brokerage, investment banking and asset management services. Southwest Securities Group common stock is traded on the NASDAQ National Market System under the symbol "SWST."
 -0- 8/26/93
 /CONTACT: Jim Bowman, vice president - corporate communications, of Southwest Securities, Inc., 214-658-9335/
 (SWST)


CO: Southwest Securities Group, Inc. ST: Texas IN: FIN SU: OFR

MP -- NY050 -- 6159 08/26/93 12:50 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
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