- Convenience Is A Priority With Bank Customers -
FORT LAUDERDALE, Fla., Jan. 12 /PRNewswire-FirstCall/ -- BankAtlantic,
Florida's Most Convenient Bank and subsidiary of BankAtlantic Bancorp, Inc.
(NYSE: BBX), announced today that it has opened nearly 244,000 new checking
and savings accounts since January 2002, including over 34,000 in the fourth
quarter of 2003.
During 2002, BankAtlantic commenced its "Florida's Most Convenient Bank"
initiative, which includes seven-day branch banking, extended weekday branch
hours, 24/7 live customer service center, Totally Free Checking, free online
banking, 73 branches, and dozens of additional product and service
initiatives.
The following is the comparative data of New Account Openings:
Total Bank
New Account Openings
FY 2001 FY 2002 Change
Checking (DDA/NOW) 32,771 76,614 +134%
Savings 10,129 22,488 +122%
Total 42,900 99,102 +131%
4Q'02 4Q'03 Change
Checking (DDA/NOW) 20,860 22,950 +10%
Savings 6,893 11,363 +65%
Total 27,753 34,313 +24%
FY 2002 FY 2003 Change
Checking (DDA/NOW) 76,614 98,281 +28%
Savings 22,488 46,207 +105%
Total 99,102 144,488 +46%
Total Bank
Period-end Balances
In Millions
FY 2001 FY 2002 Change
Checking (DDA/NOW) $504.2 $862.7 +71%
Savings $98.2 $163.6 +67%
Total $602.4 $1,026.3 +70%
FY 2002 FY 2003 Change
Checking (DDA/NOW) $862.7 $1,179.2 +37%
Savings $163.6 $209.0 +28%
Total $1,026.3 $1,388.2 +35%
BankAtlantic Chairman and CEO, Alan B. Levan commented, "The number of new
checking and saving account openings continues to surpass our initial
objectives. The "Florida's Most Convenient Bank" initiative clearly has
struck a responsive chord with our customers and prospects, and the growth in
core deposits are validating our approach.
Customers want convenience, and BankAtlantic provides it to them by being
open more hours than any other bank in Florida. BankAtlantic is now open
seven days a week, including Saturday and Sunday, offers extended weekday
hours and a 24/7 live customer service center and is open most holidays.
Additionally, BankAtlantic provides free coin counters in all BankAtlantic
branches for the added convenience of our customers and non-customers."
About BankAtlantic Bancorp:
BankAtlantic Bancorp (NYSE: BBX) is a diversified financial services
holding company and the parent company of BankAtlantic and Ryan Beck & Co.
Through these subsidiaries, BankAtlantic Bancorp provides a full line of
products and services encompassing consumer and commercial banking and
brokerage and investment banking.
BankAtlantic, "Florida's Most Convenient Bank," is one of the largest
financial institutions headquartered in Florida and provides a comprehensive
offering of banking services and products via its broad network of community
branches throughout Florida and its online banking division --
BankAtlantic.com. BankAtlantic has 73 branch locations and operates more
than 190 conveniently located ATMs. BankAtlantic is open 7 days a week and
offers holiday hours, extended weekday hours, Totally Free Change Exchange
coin counters, 24/7 call center service, and free retail and business checking
with a free gift.
Seven-Day Branch Banking - Monday through Sunday
-- Extended branch lobby hours are 8:30 am - 5:00 pm, Monday through
Wednesday, and 8:30 am - 8:00 pm, Thursday and Friday.
-- Extended drive-thru hours are 7:30 am - 8:00 pm, Monday through Friday.
-- Saturday branch lobby hours are 8:30 am - 3:00 pm, and drive-thru hours
are 7:30 am - 6:00 pm.
-- Sunday branch lobby hours are 11:00 am - 4:00 pm, and drive-thru hours
are 11:00 am - 4:00 pm.
Ryan Beck & Co. is a full-service broker dealer engaging in underwriting,
market making, distribution, and trading of equity and debt securities. The
firm also provides money management services, general securities brokerage,
including financial planning for the individual investor, consulting and
financial advisory services to financial institutions and middle market
companies. Ryan Beck & Co. also provides independent research in the
financial institutions, healthcare, technology, and consumer product
industries. Ryan Beck & Co. has approximately 500 financial consultants
located in 33 offices nationwide.
For further information, please visit our websites:
http://www.BankAtlanticBancorp.com
http://www.BankAtlantic.com
http://www.RyanBeck.com
* To receive future BankAtlantic Bancorp news releases or announcements
directly via Email, please click on the Email Broadcast Sign Up button on
http://www.BankAtlanticBancorp.com
BankAtlantic Bancorp Contact Info:
Investor Relations:
Contact: Leo Hinkley, Vice President
Phone: (954) 760-5317
Fax: (954) 760-5415
Email: InvestorRelations@BankAtlanticBancorp.com.
Mailing Address: BankAtlantic Bancorp, Investor Relations
1750 East Sunrise Blvd., Fort Lauderdale, FL 33304
Corporate Communications:
Sharon Lyn, Assistant Vice President
Phone: (954) 760-5402
Fax: (954) 760-5415
CorpComm@BankAtlanticBancorp.com
Matters discussed in this press release may contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the forward-looking
statements contained herein. Future performance, including continued growth
of accounts and the success and profitability of seven-day banking and the
growth initiatives, is subject to a number of risks and uncertainties, which
are, in many instances, beyond the Company's control. In addition to the
risks and factors identified above, reference is also made to other risks and
factors detailed in reports filed by the Company with the Securities and
Exchange Commission.
SOURCE BankAtlantic
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Related links:
http://www.bankatlantic.com
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AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Leo Hinkley, Vice President, +1-954-760-5317,
or InvestorRelations@BankAtlanticBancorp.com, or Sharon Lyn,
Assistant Vice President, Corporate Communications,
+1-954-760-5402, or CorpComm@BankAtlanticBancorp.com, both of
BankAtlantic Bancorp, Inc., fax, +1-954-760-5415
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