Guaranty Financial Group reports $160,589 net loss for October

By Caroline Salls

Pittsburgh, Nov. 15 - Guaranty Financial Group Inc. reported a net loss of $160,589 for October on zero revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, the company posted a $110,087 net loss for September, also on zero revenues.

The company had $10.8 million in cash at Oct. 31, down from $10.89 million at the end of September.

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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