Surety Capital Corporation (SRYP/SRYP.PK) Wrap Up:

Surety Capital Corporation operates as the holding company for Surety Bank, National Association (bank), which provides retail and commercial banking services to its customers in Texas. It provides various banking services, including checking and savings accounts, time deposits, money market accounts, IRAs, money transfers, safe deposit facilities, commercial loans, real estate mortgage loans, consumer loans, and night depository facilities. The bank specializes in insurance premium financing lending, which involves the lending of funds to companies and individuals for the purpose of financing their purchase of property and casualty insurance. The bank operates full service offices in Fort Worth and Whitesboro, Texas. It also operates one mobile branch to serve Dallas and Tarrant counties in Texas. Surety Capital was incorporated under the laws of the state of Delaware in 1985 and is based in Fort Worth, Texas. On December 21, 2007, Surety Capital Corporation filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.