BankAtlantic

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BankAtlantic
Type Public (NYSE: BBX)
Founded Fort Lauderdale, FL (1952)
Headquarters Fort Lauderdale, Florida
Key people Jarett Levan, CEO
Alan Levan, Chairman
Industry Finance and Insurance
Products Banking
Employees approx 1,900
Website www.bankatlantic.com
Atlantic Federal Savings and Loan, in 1957.
BankAtlantic Corporate Center in Ft. Lauderdale, FL
BankAtlantic's Mascot, Seven

BankAtlantic, Member FDIC, is a subsidiary of BankAtlantic Bancorp, Inc. (NYSE: BBX). The company's headquarters is based in Fort Lauderdale, Florida, in the South Florida metropolitan area. BankAtlantic is a company that provides consumer and business banking services to communities throughout the state of Florida. It was founded in 1952 and currently has 100 branch locations in Palm Beach, Broward, Miami-Dade, Martin and St Lucie counties, as well as around the Tampa Bay area[1]. As of March 2009, BankAtlantic had assets of $5.5bn with liabilities of $5.4bn.

The bank's offerings include a range of personal, business, and commercial banking products and services.

Personal banking products and services include:

  • Checking
  • Savings, Money Market, CDs and IRAs
  • Health Savings Accounts
  • Home Mortgages
  • Home Equity Loans and Lines of Credit with variable and fixed-rate options
  • Car, Boat and RV Loans
  • Credit Cards

BankAtlantic business products and services lineup features business checking accounts and monthly coin and currency deposits.[2].

Additional business banking products and services include:

  • Business Savings, Money Market & CDs
  • Business Online Banking & Bill Pay with optional Cash Management Services
  • Business Lending & Lines of Credit
  • Business Credit Cards
  • Merchant Credit Card Processing
  • Treasury Management Services
  • Commercial Real Estate Lending

In tandem with its consumer franchise and small business banking division, the bank also has real estate lending expertise[3], focusing on commercial and industrial real estate and residential construction loans. The company’s lending portfolio comprises commercial real estate loans, commercial business loans, standby letters of credit and commitments, consumer loans, small business loans, and residential loans.

Contents

[edit] Branch Locations

BankAtlantic has 100 locations[4] throughout Broward, Miami-Dade, Palm Beach, Martin, and St. Lucie counties, as well as the Tampa Bay market.

[edit] Corporate History

In 1952, the BankAtlantic story began with the opening of a single office in downtown Fort Lauderdale. Over the years, BankAtlantic’s commitment to South Florida has fueled its growth. Today, BankAtlantic is one of the largest financial institutions headquartered in Florida.

A brief history of BankAtlantic:

  • 1952: BankAtlantic founded as Atlantic Federal Savings and Loan Association.
  • 1988: Atlantic Federal Savings and Loan becomes BankAtlantic.
  • 1994: The BankAtlantic Foundation was created.
  • 2001: BankAtlantic Bancorp acquires Community Savings Bankshares, Inc.
  • 2002: With the introduction of seven-day banking; BankAtlantic becomes “Florida’s Most Convenient Bank!”.
  • 2005: BankAtlantic announces a ten-year sponsoring commitment to the BankAtlantic Center, and becomes the official bank of the Florida Panthers.
  • 2007: BankAtlantic opens 100th location.

[edit] Divisions

[edit] Personal Banking

  • Checking
  • Debit & Credit Cards
  • Convenience Banking
  • Online Banking & Bill Pay
  • Savings & Money Market
  • Loans
  • Health Savings Accounts

[edit] Small Business / Commercial Banking

  • Checking
  • Debit & Credit Cards
  • Convenience Banking
  • Remote Deposit Capture
  • Business Online Banking & Bill Pay
  • Savings and Money Market
  • Financing and Loans
  • Treasury Management Services

[edit] Board of Directors[5]

  • Alan B. Levan – Chairman of the Board
  • John E. Abdo – Vice Chairman
  • D. Keith Cobb
  • Steven M. Coldren
  • Bruno L. Di Giulian
  • Mary E. Ginestra
  • Willis N. Holcombe
  • Jarett S. Levan
  • David A. Lieberman CPA
  • Charlie C. Winningham II

[edit] Executive Management

  • Alan B. Levan – Chairman
  • John E. Abdo – Vice Chairman
  • Jarett Levan - President and CEO
  • Doug Freeman – Executive Vice President, Chief Corporate Banking Executive
  • Lloyd De Vaux – Executive Vice President, Chief Operating Officer
  • Patricia Lefebvre – Executive Vice President, Chief Retail Banking Executive
  • Jay McClung – Executive Vice President, Chief Risk Officer
  • Susan McGregor – Executive Vice President, Chief Talent Officer
  • Lewis Sarrica - Executive Vice President, Chief Investment Officer
  • Valerie Toalson - Executive Vice President, Chief Financial Officer

[edit] Mascot

BankAtlantic's mascot is called "Seven", who represents the fact that the bank is open 7 days a week in most locations.

[edit] Sources

  1. ^ "BankAtlantic: Corporate Overview". BankAtlantic. https://www.bankatlantic.com/AboutUs/CorporateOverview/default.html. 
  2. ^ "BankAtlantic: Totally Free Business Checking". BankAtlantic. https://www.bankatlantic.com/bizChecking/default.html. 
  3. ^ "BankAtlantic: Real Estate Loans". BankAtlantic. https://www.bankatlantic.com/CommercialBanking/CommercialLending/RealEstateLoans/default.html. 
  4. ^ "Bankatlantic Bancorp, Inc Company Profile". Manta. http://www.manta.com/company/mm4rkdl. 
  5. ^ "BankAtlantic Bancorp Inc.". BusinessWeek. http://investing.businessweek.com/businessweek/research/stocks/people/board.asp?ric=BBX. 
Retrieved from "http://en.wikipedia.org/wiki/BankAtlantic"
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