Guaranty Financial posts $109,023 March net loss, zero revenues

By Caroline Salls

Pittsburgh, April 13 - Guaranty Financial Group Inc. reported a $109,023 net loss for March on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, the company posted a $79,286 net loss for February, also on zero revenues.

Guaranty had $10.78 million in cash at March 31, down slightly from $10.79 million at the end of February.

Guaranty Financial, a Dallas-based unitary thrift holding company, filed for bankruptcy on Aug. 27, 2009. Its Chapter 11 case number is 09-35582.

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