Hilltop Holdings in Dallas has finally reached an agreement to buy the remaining shares in SWS Group 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.

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