Guaranty Financial Group posts $79,286 net loss for February

By Jennifer Lanning Drey

Portland, Ore., March 10 - Guaranty Financial Group Inc. reported a $79,286 net loss for February on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Northern District of Texas.

The figures compared to a $63,364 net loss for January, also on zero revenues.

Guaranty had $10.79 million in cash at the end of February, unchanged from its cash balance on 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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