-- Convenience Is Still a Priority With Bank Customers --
FORT LAUDERDALE, Fla., April 12 /PRNewswire-FirstCall/ -- BankAtlantic,
"Florida's Most Convenient Bank," announced today that it has opened nearly
290,000 new checking and savings accounts since January 2002, including nearly
46,000 in the first quarter of 2004.
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, and dozens of additional product and service initiatives.
The following is the comparative data of new account openings:
Total Bank
New Account Openings
Year-over-Year
2002 2003 Change
Checking (DDA/NOW) 76,614 98,281 +28%
Savings 22,488 46,207 +105%
Total 99,102 144,488 +46%
Quarterly, Year-over-Year
1Q'03 1Q'04 Change
Checking (DDA/NOW) 25,133 30,235 +20%
Savings 11,971 15,600 +30%
Total 37,104 45,835 +24%
Total Bank
Period-end Balances
Year-over-Year
In Millions
2002 2003 Change
Checking (DDA/NOW) $862.7 $1,179.2 +36.7%
Savings $163.6 $209.0 +27.7%
Total $1,026.3 $1,388.2 +35.3%
Quarterly, Year-over-Year
In Millions
1Q'03 1Q'04 Change
Checking (DDA/NOW) $962.5 $1,316.3 +36.8%
Savings $180.4 $233.8 +29.6%
Total $1,142.9 $1,550.1 +35.6%
BankAtlantic Chairman and CEO, Alan B. Levan commented, "Our 'Florida's
Most Convenient Bank' initiative continues to attract new customers and
generate new checking and saving account openings at a rate which remains to
exceed our initial goals and objectives. We believe the significant growth in
core deposits is a continued validation of our approach and our belief that
customers desire convenience. In addition to our many initiatives, services
and products, BankAtlantic provides unsurpassed convenience by being open more
hours than any other bank in Florida. BankAtlantic is open seven days a week,
most holidays, and extended weekday hours as well."
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
Telephone: (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:
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 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
Phone: (954) 760-5402
Fax: (954) 760-5415
Email: 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
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20030414/BANKATLOGO
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,
Corporate Communications, +1-954-760-5402, or
CorpComm@BankAtlanticBancorp.com, both of BankAtlantic Bancorp,
Inc., fax, +1-954-760-5415; or Hattie Harvey, Public Relations
Manager, BankAtlantic, +1-954-760-5383, or fax, +1-954-760-5108,
or email, HHarvey@BankAtlantic.com; or Caren Berg, Boardroom
Communications, +1-954-370-8999, or fax, +1-954-370-8892, or
email, Caren@Boardroompr.com, for BankAtlantic
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