BankAtlantic Bancorp Inc.

Public Company, Headquarters Location
PO Box 8608, Fort Lauderdale, FL 33310-8608, United States
(800)741-1700, (954)940-5000, (954)585-3198 fax, http://www.bankatlantic.com

Primary SIC: Bank Holding Companies, Primary NAICS: Offices of Bank Holding Companies
Description: BankAtlantic Bancorp Inc. is a Florida-based bank holding company that owns BankAtlantic and its subsidiaries. BankAtlantic Bancorp is headquartered in Ft. Lauderdale, Fla. and the company's stock is publicly traded on the New York Stock Exchange. BankAtlantic is a federally-chartered, federally-insured savings bank organized in 1952. It provides traditional retail banking services and a wide range of business banking products and related financial services through a network of more than 100 branches in southeast and central Florida and the Tampa Bay area, primarily in the metropolitan areas surrounding the cities of Miami, Ft. Lauderdale, West Palm Beach and Tampa. BankAtlantic's primary business activities include: attracting checking and savings deposits from individuals and business customers; originating commercial real estate, middle market, consumer and small business loans; purchasing wholesale residential loans; and investing in mortgage-backed securities, tax certificates and other securities. In March 2008, BankAtlantic Bancorp formed an asset work-out subsidiary which purchased 101.5 million dollars of non-performing loans from BankAtlantic. BankAtlantic Bancorp's operations primarily consist of financing of the capital needs of BankAtlantic and its subsidiaries, and management of the asset work-out subsidiary and other investments.Finance: Bank holding company for federally chartered savings bank.