Guaranty Financial posts $110,087 September net loss, no revenues

By Caroline Salls

Pittsburgh, Oct. 19 - Guaranty Financial Group Inc. reported a net loss of $110,087 for September 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 $98,612 net loss for August, also on zero revenues.

The company had $10.89 million in cash at Sept. 30, down from $10.97 million at the end of August.

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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