For Immediate Release
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]
