Guaranty Financial Group net loss shrinks to $58,883 in January

By Caroline Salls

Pittsburgh, Feb. 11 - Guaranty Financial Group Inc. reported a net loss of $58,883 for December on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, Guaranty posted a net loss of $64,112 for December, also on zero revenues.

The company had $10.99 million in cash at Jan. 31, down from $11.01 million at the end of December.

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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