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Guaranty Financial net loss shrinks to $90,617 in March on zero sales
By Caroline Salls
Pittsburgh, April 12 - Guaranty Financial Group Inc. reported a net loss of $90,617 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, Guaranty posted a net loss of $264,361 for February, also on zero revenues.
The company had $10.92 million in cash at March 31, down from $10.96 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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