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SURETY CAPITAL ANNOUNCES QUARTERLY RESULTS

 SURETY CAPITAL ANNOUNCES QUARTERLY RESULTS
 HURST, Texas, April 28 /PRNewswire/ -- Surety Capital Corporation


(NASDAQ: LOAN) today announced that its subsidiary Texas Bank, N.A. has shown a profit of $86,566 for the first quarter of 1992 which is an increase of 178 percent over the same period of the prior year. The consolidated earnings of Texas Bank, N.A. and Surety Capital Corp. were a profit of $11,492 for the first quarter of 1992. This compares to a loss of $162,174 for the same period of the prior year.
 C. Jack Bean, chairman of the board of Surety, stated:
 "This first quarter of profitability represents the turning point in our corporation. Prior year periods have represented the company in a start up mode and positioning it to perform profitably in the future."
 Surety Capital Corporation is a bank holding company which owns Texas Bank, N.A., a commercial and consumer lender which specializes in casualty insurance premium finance loans, medical claims factoring and secured credit cards. Its offices are located in Lufkin, and Hurst, Texas.
 -0- 4/28/92
 /CONTACT: C. Jack Bean of Surety Capital, 1-800-451-0273/
 (LOAN) CO: Surety Capital Corporation ST: Texas IN: FIN SU: ERN


TQ -- NY019 -- 3581 04/28/92 09:06 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
Words:210
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