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Guaranty Financial net loss grows to $168,720 in April on zero sales
By Caroline Salls
Pittsburgh, May 11 - Guaranty Financial Group Inc. reported a net loss of $168,720 for April on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Northern District of Texas.
In comparison, Guaranty posted a net loss of $90,617 for March, also on zero revenues.
The company had $11.8 million in cash at April 30, up from $10.92 million at the end of March.
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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