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Guaranty Financial records $46,789 June net loss on zero revenues
By Caroline Salls
Pittsburgh, July 15 - Guaranty Financial Group Inc. reported a net loss of $46,789 for June on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.
In comparison, the company posted a net loss of $48,021 for May, also on zero revenues.
Guaranty had $11.11 million in cash at June 30, down slightly from $11.12 million at the end of May.
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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