FORT LAUDERDALE, Fla., March 30 /PRNewswire-FirstCall/ -- Chairman and CEO
Alan B. Levan today announced that the board of directors had approved the
promotion of Lloyd DeVaux to the position of Chief Operating Officer. DeVaux
had previously been Executive Vice President and Chief Information Officer.
The position of Chief Operating Officer is newly created.
DeVaux will continue to work closely with the rest of the executive team
on leading implementation of the bank's strategic objectives. With the
promotion, he assumes additional responsibilities for many other bank-wide
functions, including de novo branch expansion, expense management, strategic
planning, talent management, and contracts. He will also assume a higher
profile in dealing with the institutional investor community.
Since joining BankAtlantic in 2001, DeVaux has upgraded the Bank's overall
technological infrastructure, dramatically improving its delivery systems and
operational efficiency. In addition, DeVaux managed the highly successful
acquisition of Community Savings Bank (North Palm Beach, FL) in 2002. He is
currently spearheading the soon-to-be-announced launch of a de novo branch
expansion strategy and rebranding of existing branches to broaden the bank's
profile throughout the state.
Prior to joining BankAtlantic, Mr. DeVaux was a Senior Executive Vice
President and Chief Information Officer of Union Planters Corporation. He
managed technology and operations encompassing eight divisions, six operations
centers and 1,900 employees. Mr. DeVaux holds an MBA degree in Finance and
Marketing from Crummer Graduate School of Business at Rollins College, Winter
Park, Florida, and a B.S. degree in Electrical Engineering from the University
of Buffalo, Buffalo, NY. He serves on a number of boards including the United
Way of Broward County, Florida Bankers' Bankserv, West Broward YMCA, and the
BAI Graduate School of Banking.
About BankAtlantic:
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
200 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.
BankAtlantic, "Florida's Most Convenient Bank," Contact Info:
Public Relations:
Contact: Hattie Harvey, Public Relations Manager
Phone: (954) 760-5383
Fax: (954) 760-5388
Email: hharvey@BankAtlantic.com.
Public Relations for BankAtlantic:
Boardroom Communications
Contact: Caren Berg
Phone: (954) 370-8999
Fax (954) 370-8892
Email: caren@boardroompr.com
About BankAtlantic Bancorp (NYSE: BBX)
BankAtlantic Bancorp 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 Bancorp Contact Info:
Investor Relations:
Contact: Leo Hinkley
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:
Contact: Sharon Lyn, Assistant Vice President
Phone: (954) 760-5402
Fax: (954) 760-5415
Email: CorpComm@BankAtlanticBancorp.com
Statements in this release may constitute forward-looking statements and
are made pursuant to the Safe Harbor Provision of the Private Securities and
Litigation Reform Act of 1995. Forward-looking statements are based largely
on expectations and are subject to a number of risks and uncertainties, as
well as other factors detailed in the Company's SEC filings.
SOURCE BankAtlantic Bancorp
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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:
Investors, Leo Hinkley, Vice President,
+1-954-760-5317, or InvestorRelations@BankAtlanticBancorp.com, or
Sharon Lyn, Assistant Vice President, +1-954-760-5402, or
CorpComm@BankAtlanticBancorp.com, both of BankAtlantic Bancorp,
fax, +1-954-760-5415
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