BankAtlantic

Last updated
BankAtlantic Bancorp, Inc
Company typePublic
Industry Finance and Insurance
Founded Fort Lauderdale, FL (1952)
Defunct2012
FateAcquired by BB&T
Headquarters Fort Lauderdale, Florida
Key people
Jarett Levan (CEO)
Alan Levan, Chairman
Products Banking
Number of employees
approx 1,040
Website www.bankatlantic.com
BankAtlantic's branch footprint in southern Florida as of June 2011. BankAtlantic footprint 2011-06.png
BankAtlantic's branch footprint in southern Florida as of June 2011.

BankAtlantic was a US bank that operated in the state of Florida until it was acquired in 2012 by BB&T Corporation. It provided consumer and business banking services to communities throughout Florida.

Contents

It was founded in 1952 and had 78 branch locations in Broward, Martin, Miami-Dade, Palm Beach, and St. Lucie counties. [1] [2] It was a member of the Federal Deposit Insurance Corporation.

Prior to its acquisition, in June 2011, BankAtlantic had assets of $3.86 billion with liabilities of $3.84 billion. [3] The company's lending portfolio comprised commercial real estate loans, commercial business loans, standby letters of credit and commitments, consumer loans, small business loans, and residential loans.

History

References

  1. "BankAtlantic: Corporate Overview". BankAtlantic. Archived from the original on 2009-07-06. Retrieved 2009-06-23.
  2. "PNC to buy Florida banks". Pittsburgh Tribune-Review. 31 January 2011. Retrieved 2 September 2012.
  3. "BankAtlantic Bancorp, Inc. and Subsidiaries Summary of Selected Financial Data" (PDF). BankAtlantic Bancorp Inc. July 27, 2011. Retrieved August 7, 2011.
  4. 1 2 Martin, Andrews; Story, Louise (September 11, 2010). "The Loneliest Analyst". The New York Times. New York City. Archived from the original on January 19, 2012. Retrieved September 13, 2010.
  5. "Jarett S. Levan Profile". Forbes.com. Archived from the original on 15 September 2010. Retrieved September 18, 2010.
  6. Vardi, Nathan. "Drug Problem". Forbes. Retrieved 2023-04-13.
  7. "BankAtlantic Bancorp Inc. New Stock Chart". Yahoo! Finance. November 12, 2007. Retrieved September 13, 2010.
  8. 1 2 "BankAtlantic News and Photos". SunSentinel.com. Retrieved September 18, 2010.
  9. "BankAtlantic Bancorp Inc. New Stock Chart". Yahoo! Finance. September 13, 2010. Retrieved September 13, 2010.
  10. Vardi, Nathan (March 23, 2010). "America's Banks And Mexico's Drug Problem". Forbes.com. Archived from the original on 23 September 2010. Retrieved September 18, 2010.
  11. "BankAtlantic Bancorp Signs Definitive Agreement To Sell BankAtlantic to BB&T Corporation". 1 November 2011. Retrieved 2 September 2012.
  12. "Securities and Exchange Commission, Plaintiff, v. BankAtlantic Bancorp, INC. and Alan B. Levan" (PDF). United States District Court Southern District of Florida. Jan 18, 2012.
  13. "BB&T-BankAtlantic deal blocked by Delaware judge". Reuters. Feb 28, 2012.
  14. "BB&T completes purchase of BankAtlantic". Miami Herald . Retrieved 2 September 2012.