Exhibit 99.1



                    STATEMENT OF CHIEF EXECUTIVE OFFICER AND
             CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. ss. 1350

         In connection  with the Quarterly  Report on Form 10-QSB for the period
ended June 30, 2002 (the "Form 10-QSB") of Guaranty  Financial  Corporation (the
"Company"),  we, William E. Doyle,  Jr., Chief Executive Officer of the Company,
and Thomas F. Crump,  Chief  Financial  Officer of the Company,  hereby  certify
pursuant  to 18 U.S.C.  ss.  1350,  as adopted  pursuant  to Section  906 of the
Sarbanes-Oxley Act of 2002, that, to our knowledge:

          (a)  the Form 10-QSB fully complies with the  requirements  of Section
               13(a) of the Securities Exchange Act of 1934, as amended; and

          (b)  the information  contained in the Form 10-QSB fairly presents, in
               all material  respects,  the  financial  condition and results of
               operations of the Company as of and for the periods  presented in
               the Form 10-QSB.




         By:      /s/ William E. Doyle, Jr.             Date:   August 13, 2002
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                  William E. Doyle, Jr.
                  Chief Executive Officer


         By:      /s/ Thomas F. Crump                   Date:   August 13, 2002
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                  Thomas F. Crump
                  Chief Financial Officer