Hilltop Holdings (HTH) in Dallas has finally reached an agreement to buy the remaining shares in SWS Group (SWS) that it does not already own.

The $9 billion-asset Hilltop will pay $7.88 a share in cash and stock for SWS, the Dallas parent of Southwest Securities, a $1.6 billion-asset thrift with branches in Texas and New Mexico. The companies expect to complete the deal by the end of this year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.