Southwest Securities appoints new president

by PegNews wire

Douglas B. Myers is named president.

DALLAS — Douglas B. Myers, a banking executive with long-time ties to the Dallas business community, has been named President of Southwest Securities, FSB's banking center in downtown Dallas. The center is located in the lobby of Renaissance Tower, Southwest Securities' headquarters building.

"We believe that Doug Myers will be able to enhance and extend our banking business from downtown throughout Dallas County," said Jerry Pavlas, Chief Operating Officer of Southwest Securities, FSB. "Doug has the experience and community ties that should enable us to meet our ambitious growth goals in Dallas."

Perhaps best known for his role as President and CEO of Legacy Bank of Texas in Plano, Mr. Myers led the growth of that institution from 2 branches to 12, and from $175 million in assets to $650 million during his tenure from 1989 to 2000.

Most recently, Mr. Myers served as President, Chief Executive Officer, Chief Loan Officer and Director of a newly chartered state bank in Bryan/College Station. He was also the senior executive officer for banks in Plano and North Dallas after leaving Legacy Bank.

Mr. Myers began his banking career as a management trainee at an affiliate bank of BancOhio in Lawrence County, Ohio in 1975. He advanced through several positions to become Senior Vice President and Chief Loan Officer before accepting a position with RepublicBank Dallas in 1981. He held numerous positions at Republic, beginning as Vice President of Middle Market Commercial Lending and advancing to President and Chief Loan Officer for RepublicBank Lubbock, a $650 million affiliate.

Source: Southwest Securities