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2100 W. Cypress Creek Rd. Fort Lauderdale, FL 33309 FL Tel. 954-940-5000 Fax 954-940-5250 |
Type: Public
On the web:
http://www.bankatlanticbancorp.com
Employees:
1,372
Employee growth: (16.5%)
BankAtlantic Bancorp is the holding company for BankAtlantic, which operates about 80 branches in Florida, with a focus on the Miami metropolitan area. The bank offers standard services like deposit accounts and credit cards in addition to investments through and agreement with LPL Financial. Residential mortgages make up about 40% of its loan portfolio, while commercial mortgage are about 25%, and home equity loans are nearly 20%. The bank also originates business and personal loans. BankAtlantic, which has been struggling with loan losses and declining revenues, is being acquired by Southeast banking giant BB&T.
Key numbers for fiscal year ending December, 2010:
Sales: $283.3M
One year growth: (19.8%)
Net income: ($144.2)M
Officers:
Chairman and CEO; Chairman, BankAtlantic: Alan B. Levan
President and Director; President and CEO, BankAtlantic: Jarett S. Levan
EVP and COO, BankAtlantic Bancorp and BankAtlantic: Lloyd B. DeVaux
Competitors:
Bank of America
BB&T
SunTrust
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