Guaranty Financial posts $264,361 net loss, no revenue for February

By Jennifer Lanning Drey

Savannah, Ga., March 11 - Guaranty Financial Group Inc. reported a net loss of $264,361 for February 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 $58,883 for December, also on zero revenues.

The company had $10.96 million in cash at Feb. 28, versus $10.99 million at Jan. 31.

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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