EXHIBIT 99

                                                          For Immediate Release
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       SWS To Close Acquisition of First Savings Bank, Arlington, Today

     DALLAS, April 28, 2000 - Southwest Securities Group, Inc. (NYSE: SWS -
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news) announced that it is closing today on the acquisition of First Savings
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Bank, Arlington, Texas.

     At today's closing SWS will exchange 2.6 million shares of its common stock
for all the outstanding shares of ASBI Holdings, Inc.  ASBI is the ultimate
parent of First Savings Bank, a federal savings bank with total assets of more
than a quarter billion dollars.  The bank's financial results will become part
of SWS' consolidated financial statements effective with today's closing of the
acquisition.

     In addition to being a full-service lender to both businesses and
consumers, First Savings Bank has an active online banking division -
MyBankUSA.com.  SWS plans to co-market the online bank with
Mydiscountbroker.com, its online brokerage subsidiary, to provide a full
complement of online investing and banking services.

     Southwest Securities Group, Inc. is a Dallas-based holding company that
offers a broad range of investment and financial services through its
subsidiaries.  The company's common stock is listed and traded on the New York
Stock Exchange under the symbol, SWS.  Wholly owned subsidiaries of the company
include Southwest Securities, Inc., Mydiscountbroker.com, SWS Financial
Services, Inc., Westwood Management Corporation, Westwood Trust, SW Capital
Corporation and SWS Technologies Corporation.

This news release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Investors are cautioned that
any forward-looking statements, including those regarding intent, belief or
current expectations of the company or its management, are not guarantees of
future performance and involve risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a result of
various factors. Such factors include, but are not limited to, general economic
conditions and competitive pressures in the markets in which the company
operates, regulatory changes, one-time events and other risks detailed from time
to time in the company's Securities and Exchange Commission filings. Products
offered through MyBankUSA.com are FDIC insured. MyBankUSA.com is the online
banking division of First Savings Bank, Arlington, Texas. Southwest Securities
Group, Inc. (NYSE-SWS), the parent company of Mydiscountbroker.com, is also the
parent company of First Savings Bank. Those products and services offered by
Mydiscountbroker.com are not FDIC insured, carry no bank guarantee, and may lose
value. Mydiscountbroker.com is a member of the NASD and SIPC.

CONTACT:  Jim Bowman, Vice President - Corporate Communications,
          (214) 859-9335  jbowman@swst.com
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