DALLAS - Douglas B. Myers, former chief executive officer of Legacy Bank of Texas, has joined Southwest Securities, FSB as president, the Dallas-based commercial bank said this week.

As CEO and president of Plano-based Legacy, Myers oversaw its expansion to 12 branches from two, with assets growing to $650 million from $175 million between 1989 and 2000.

"Doug has the experience and community ties that should enable us to meet our ambitious growth goals in Dallas," said Jerry Pavlas, chief operating officer of Southwest Securities, FSB.

Southwest Securities, FSB - formerly First Savings Bank - was established in Arlington, Tex., in 1986 and became a wholly owned subsidiary of SWS Group Inc. in 2000. SWS Group is the parent organization for Southwest Securities, which is a major underwriter and financial adviser in Texas and the Southwest.

The commercial banking arm FSB provides commercial and residential construction loans to and mortgage lending.

Before joining Southwest, Myers was working as director of a newly chartered state bank in the Bryan/College Station area.

He began his banking career as a management trainee at an affiliate bank of BancOhio in Lawrence County, Ohio, in 1975. He became senior vice president and chief loan officer before joining RepublicBank Dallas in 1981.

A graduate of the University of Tennessee with a degree in finance, Myers also attended the Graduate School of Banking at the University of Wisconsin.

Myers serves as an advisory board member of Marketplace Chaplains in Dallas. He also served as regent at Texas Women's University.

 

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