BFC Financial loses $54M Nov 18, 2009
It bought $30 million worth of shares of Fort Lauderdale-based BankAtlantic Bancorp (NYSE: BBX) as part of the bank holding company s shareholder rights offering. That increased BFC s ownership of BankAtlantic Bancorp to 39. (South Florida Business Journal, FL)
BankAtlantic to Sponsor CBS 4's Neighbors 4 Neighbors Oct 29, 2009
BankAtlantic Bancorp (NYSE: - ) is a bank holding company and the parent company of BankAtlantic ... orBankAtlantic BancorpLeo Hinkley, Media and Investor Relations Officer, 954-940-5300Email. (Yahoo! Wire -- Entertainment News)
Stonegate Bank raises $14M Oct 2, 2009
BankAtlantic Bancorp and have also successfully completed stock offerings. Shares of Stonegate Bank last traded on Sept. 25, closing at $11. (South Florida Business Journal, FL)
BFC Financial to invest $30M in BankAtlantic Sep 25, 2009
For each share of Class A or Class B common stock, BankAtlantic Bancorp shareholders could purchase an additional 4 ... A day after completing a merger with that increased its capital resources, BFC (Pink Sheets: BFCF) chose to exercise all of its subscription rights to purchase BankAtlantic Bancorp stock ... It also owns all of the Class B shares, which give it control of BankAtlantic Bancorp s board. (South Florida Business Journal, FL)
BankAtlantic prices stock offering at $2 a share Aug 28, 2009
The board concluded that proceeding with a rights offering, particularly at this price, was the fairest alternative to the BankAtlantic Bancorp shareholders for raising equity, Chairman and CEO Alan B. Levan said in a news release ... Shareholders will get a chance to boost the company s capital, although the offering could significantly increase the amount of BankAtlantic Bancorp shares on the market ... Fort Lauderdale-based (Pink Sheets: BFCF), which is also led by Levan, is one of the... (South Florida Business Journal, FL)
BankAtlantic looking to raise $100M Aug 15, 2009
But, as the bank has stopped paying dividends to the holding company, BankAtlantic Bancorp s pot of money has shrunk. A July 27 report on the company by stated that BankAtlantic Bancorp needed more capital to absorb the losses that stock analysts expect to occur in the next two years ... While BankAtlantic s capital is in excess of regulatory well-capitalized levels, we believe the current environment presents an opportunity for BankAtlantic Bancorp to raise capital and enhance its flexibility... (South Florida Business Journal, FL)
BFC Financial Q2 losses widen Aug 12, 2009
As of Aug. 24, BFC will be able to increase its investment in BankAtlantic Bancorp ... BFC Chairman and CEO Alan B. Levan said his company s board hasn t determined whether or not to purchase more BankAtlantic Bancorp shares ... 2 million in assets at the holding company level disregarding the assets held by BankAtlantic Bancorp and Woodridge included $5. (South Florida Business Journal, FL)
BankAtlantic loses $38M as bad loans grow Jul 24, 2009
However, BankAtlantic Bancorp transferred $5 million in capital to its banking subsidiary during the second quarter ... BankAtlantic Bancorp Chairman and CEO Alan B. Levan said in an interview after Thursday s earnings call that the holding company finished the second quarter with $80 million in assets made up mostly of cash and loans that could be used to contribute additional capital to the bank subsidiary, if needed ... Although he has not heard anything from regulators, Levan said he has... (South Florida Business Journal, FL)
BankAtlantic ups shares for compensation May 20, 2009
BankAtlantic Bancorp s executives are among those eligible for awards under the stock compensation plan, which is performance-based. BankAtlantic Bancorp Chairman and CEO Alan B. Levan and Vice Chairman John Abdo control the majority of the voting shares of the company, which has class A and B stocks, although they don t own a majority of the stock ... BankAtlantic Bancorp has lost a total of $245 million from the start of 2008 through the recent first quarter. (South Florida Business Journal, FL)
BFC Financials Q1 loss widens 76% May 15, 2009
Most of BFC Financial s results stemmed from the performance of two other Fort Lauderdale companies in which it holds majority stakes: BankAtlantic Bancorp (NYSE: BBX) and developer (Pink Sheets: WDGH). Both are being challenged by Florida s struggling real estate market. (South Florida Business Journal, FL)
BankAtlantic execs' compensation up Apr 16, 2009
BankAtlantic Bancorp s chairman Alan Levan and son and Jarett Levan, president and CEO. ... BankAtlantic Bancorp Vice Chairman John E. Abdo had total compensation of $1 ... BankAtlantic Bancorp COO Lloyd DeVaux s total compensation fell to $840,581 in 2008, from $913,403 a year earlier. (South Florida Business Journal, FL)
Alert on BankAtlantic stock was outdated Apr 10, 2009
BFC Financial has a controlling stake in BankAtlantic Bancorp. Both companies are based in Fort Lauderdale. (South Florida Business Journal, FL)
BankAtlantic considers raising capital Mar 18, 2009
In February, BankAtlantic Bancorp said it lost $205 ... 4 million in loans past due, BankAtlantic Bancorp warned that the continued struggles of Florida s economy could cause more problem loans to crop up ... However, BankAtlantic Bancorp could offset potential loan-related losses by receiving a $9. (South Florida Business Journal, FL)
BankAtlantic Halts Dividend, Defers Debt Payment Feb 21, 2009
NEW YORK (Reuters) - BankAtlantic Bancorp Inc , which last year sued a prominent banking analyst over a report that referred to its financial condition, said it is halting its common stock dividend and share repurchases, and will defer interest payments on $294. 2 million of debt. (ABC News -- Wire)
Standard & Poor's Announces Changes to U.S. Indices Feb 14, 2009
Iowa Telecommunications Services Inc. (NYSE: ) will replace BankAtlantic Bancorp Inc. (NYSE: ), and Almost Family Inc. (Nasdaq: ) will replace Basset Furniture Industries Inc. (Nasdaq: ) in the S&P SmallCap 600 after the close of trading on Friday, February 20. As of today's close, BankAtlantic and Bassett Furniture had market capitalizations of approximately $18 million and $21 million respectively, ranking them 600th and 599th in the index. (PR Newswire)
BankAtlantic Bancorp loss hits $156.6M Feb 11, 2009
BankAtlantic Bancorp loss swells to $156 ... BankAtlantic Bancorp loss swells to $156 ... Even without these non-cash expenses, BankAtlantic Bancorp had a net loss of $27 million, or $2. (South Florida Business Journal, FL)
