-- Customers Choose Convenience --
FORT LAUDERDALE, Fla., April 14 /PRNewswire-FirstCall/ -- BankAtlantic, a
subsidiary of BankAtlantic Bancorp, Inc. (NYSE: BBX), announced today that it
has opened in excess of 136,000 new checking and savings accounts since
January 2002, including 37,000 in the first quarter of 2003.
During 2002, BankAtlantic commenced its "Florida's Most Convenient Bank"
initiative, which includes seven-day branch banking, holidays, 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:
2001 2002
Checking (DDA/NOW) 32,771 76,614
Savings 10,129 22,488
Total 42,900 99,102
1Q-'02 1Q-'03
Checking (DDA/NOW) 12,819 25,133
Savings 4,310 11,971
Total 17,129 37,104
Chief Executive Officer Alan B. Levan commented, "The new account openings
achieved during the first quarter of 2003 and over the course of 2002 have far
exceeded our initial objective of increasing the number of new deposit account
openings (Demand, NOW and Savings accounts). This accomplishment is one of
the many examples of BankAtlantic's momentum, branding BankAtlantic as
innovative, entrepreneurial and truly, 'Florida's Most Convenient Bank.'"
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, operates more than
180 conveniently located ATMs and offers extended hours.
Seven-Day Branch Banking-Monday through Sunday
Extended branch lobby hours are 8:30AM-5:00PM, Monday through Wednesday,
and 8:30AM-8:00PM, Thursday and Friday.
Extended drive-thru hours are 7:30AM-8:00PM, Monday through Friday.
Saturday branch lobby hours are 8:30AM-3:00PM, and drive-thru hours are
7:30AM-6:00PM
Sunday branch lobby hours are 11:00AM-4:00PM, and drive-thru hours are
11:00AM-4:00PM
BankAtlantic Contact Info:
BankAtlantic Public Relations: Hattie Harvey, Phone: (954) 760-5383,
HHarvey@BankAtlantic.com
Public Relations for BankAtlantic: Boardroom Communications, Caren Berg,
Phone: (954) 370-8999 or caren@boardroompr.com
About BankAtlantic Bancorp:
BankAtlantic Bancorp (NYSE: BBX) is a diversified financial services
holding company and the parent company of BankAtlantic, Levitt Corporation,
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, and real estate development.
BankAtlantic Bancorp is one of the largest financial institutions
headquartered in the State of Florida.
BankAtlantic Bancorp Contact Info:
Investor Relations: Leo Hinkley, Phone: (954) 760-5317,
Fax: (954) 760-5415 or InvestorRelations@BankAtlantic.com
Corporate Communications: Sharon Lyn, Phone: (954) 760-5402 or
CorpComm@BankAtlantic.com
* To receive future news releases or announcements directly via email,
please access the e-News banner on the Investor Relations page at
http://www.BankAtlantic.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, Inc., and BankAtlantic, and are subject
to a number of risks and uncertainties that are subject to change based on
factors which are, in many instances, beyond the Company's control, including,
but not limited to, customer accounts may close in the ordinary course of
business, BankAtlantic's seven-day branch banking initiative and other growth
initiatives are not successful, are not as successful as anticipated or do not
produce results which justify their costs; that business, economic, or market
conditions may make these and other initiatives less advantageous to
BankAtlantic, and other 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
CONTACT:
Leo Hinkley, +1-954-760-5317, or fax,
+1-954-760-5415, or InvestorRelations@BankAtlantic.com, or Sharon
Lyn, Corporate Communications, +1-954-760-5402, or
CorpComm@BankAtlantic.com, both of BankAtlantic Bancorp, Inc.
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