Guaranty Financial posts $48,021 net loss for May, zero revenues

By Lisa Kerner

Charlotte, N.C., June 10 - Guaranty Financial Group Inc. reported a net loss of $48,021 for May on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, the company posted a $286,310 net profit for April, also on zero revenues.

Guaranty had $11.12 million in cash at May 31, down slightly from $11.14 million at the end of April.

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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