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EXHIBIT 99.1
For Immediate Release
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SWS and Matrix Terminate Letter of Intent
DALLAS, Aug. 11, 2000 - Southwest Securities Group, Inc. (SWS-NYSE) and
Matrix Bancorp, Inc. (MTXC-Nasdaq) jointly announced today that the two
companies have each decided to proceed independently and as a result the letter
of intent between them dated July 13, 2000 concerning the proposed acquisition
of Matrix by SWS has therefore been terminated.
Matrix Bancorp, Inc. is a unitary thrift holding company headquartered in
Denver, Colo. The company's stock is traded on the Nasdaq National Market under
the symbol MTXC.
Southwest Securities Group, Inc. is an investment and financial services
holding company based in Dallas. The company's common stock is listed and
traded on the New York Stock Exchange under the symbol SWS.
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Contacts:
Jim Bowman Guy A. Gibson
Vice President - Corporate Communications President/CEO
Southwest Securities Group, Inc. Matrix Bancorp, Inc.
(214) 859-9335 (303) 595-9898
[email protected] [email protected]
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