FORT LAUDERDALE, Fla., March 4 /PRNewswire-FirstCall/ -- BankAtlantic
Bancorp (NYSE: BBX) announced today that it has filed a registration statement
with the Securities and Exchange Commission relating to the offering of
6,000,000 shares of its Class A Common Stock, with an over allotment option of
900,000 shares. The net proceeds of the offering will be used for general
corporate purposes. Keefe, Bruyette & Woods, Ryan Beck & Co., Friedman,
Billings, Ramsey Group, and Sandler O'Neill & Partners, L.P. have been
selected to manage the offering.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. When available,
copies of the prospectus, subject to completion, relating to these securities
may be obtained by contacting Corporate Communications, BankAtlantic Bancorp,
Inc., 1750 East Sunrise Blvd., Fort Lauderdale, Florida 33304.
About BankAtlantic Bancorp:
BankAtlantic Bancorp (NYSE: BBX) is a 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, 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 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
Matters discussed in this press release 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. These forward-looking statements are based largely on the
expectations of BankAtlantic Bancorp and are subject to a number of risks and
uncertainties that are subject to change based on factors which are, in many
instances, beyond BankAtlantic Bancorp's control, including that the
registration statement may not be declared effective by the Securities and
Exchange Commission, that because of business, economic or market conditions
BankAtlantic Bancorp may decide not to pursue the sale of any securities
pursuant to the registration statement and that the proposed offering may
otherwise not be consummated.
SOURCE BankAtlantic Bancorp
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Related links:
http://www.bankatlantic.com
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CONTACT:
Leo Hinkley, VP, BankAtlantic Bancorp,
+1-954-760-5317
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