City National Bank, the oldest banking institution in Sulphur Springs, was organized in 1889. Its first board of directors included J. J. Dabbs, John T. Hargrove, J. F. Carter, J. A. B. Putnam, W. B. Womack, W. A. Dabbs, and S. W. Summers. A two-story brick building was erected at this site on the town square. W. W. Jones, Sr., was a dominant figure in the bank, and with his strong leadership it thrived and survived the Great Depression intact. The original bank building was razed in 1968 and a new structure was built in its place.