FORT LAUDERDALE, Fla., June 5 /PRNewswire-FirstCall/ -- The Board of
Directors of BankAtlantic Bancorp (NYSE: BBX), the parent company of
BankAtlantic, Levitt Corporation, and Ryan Beck & Co., has declared a cash
dividend of $0.031 per share on its Class A Common Stock. The Board set the
payment date for July 18, 2003 to all shareholders of record at the close of
trading on July 2, 2003.
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, "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 8:30 a.m. - 5:00 p.m., Monday through
Wednesday, and 8:30 a.m. - 8:00 p.m., Thursday and Friday.
Extended drive-thru hours are 7:30 a.m. - 8:00 p.m., Monday through
Friday.
Saturday branch lobby hours are 8:30 a.m. - 3:00 p.m., and drive-thru
hours are 7:30 a.m. - 6:00 p.m.
Sunday branch lobby hours are 11:00 a.m. - 4:00 p.m., and drive-thru hours
are 11:00 a.m. - 4:00 p.m.
Levitt Corporation is the parent company of Levitt and Sons, Core
Communities, and Levitt Commercial. Levitt Corporation also maintains a 40%
ownership interest in Bluegreen Corporation.
Levitt and Sons is America's oldest homebuilder and America's first
builder of planned suburban communities, and is best known for creating New
York's Levittown, Long Island and Levittown, PA. After building approximately
200,000 homes in over 74 years, Levitt and Sons currently develops single and
multi-family homes for active adults and families throughout Florida.
Core Communities develops master-planned communities in Florida, including
its original and best known, St. Lucie West. St. Lucie West, the fastest-
growing community on Florida's Treasure Coast for the last 7 years, is a
4,600-acre community with 4,000 built and occupied homes, 150 businesses
employing 5,000 people and a university campus. Core Communities' newest
master-planned community is "Tradition." Now under development on Florida's
Treasure Coast in St. Lucie County, Tradition features 5,600 residences, a
commercial town center and a world-class corporate park.
Levitt Commercial specializes in development, re-development, and joint
venture opportunities in industrial and retail properties.
Bluegreen Corporation: Levitt Corporation has a 40% ownership interest in
Bluegreen Corporation (NYSE: BXG). Bluegreen Corp. engages in the
acquisition, development, marketing and sale of drive-to vacation resorts,
golf communities and residential land. The Company's resorts are located in a
variety of popular vacation destinations including the Smoky Mountains of
Tennessee; Myrtle Beach and Charleston, South Carolina; Branson, Missouri;
Wisconsin Dells and Gordonsville, Wisconsin; Aruba and throughout Florida.
Bluegreen Corp.'s land operations are predominantly located in the
Southeastern and Southwestern United States.
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 in excess of 500 financial consultants
located in 40 offices nationwide.
For further information, please visit our websites:
http://www.BankAtlanticBancorp.com
http://www.BankAtlantic.com
http://www.LevittandSons.com
http://www.CoreCommunities.com
http://www.LevittCommercial.com
http://www.RyanBeck.com
http://www.GMSgroup.com
BankAtlantic Bancorp Contact Info:
Investor Relations: Leo Hinkley, Phone: (954) 760-5317,
Fax: (954) 760-5415 or InvestorRelations@BankAtlanticBancorp.com. Mailing
Address: BankAtlantic Bancorp, Investor Relations, 1750 East Sunrise Blvd.,
Fort Lauderdale, FL 33304
Corporate Communications: Sharon Lyn, Phone: (954) 760-5402,
Fax: (954) 760-5415 or 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
Litigation Reform Act of 1995. Forward-looking statements are based largely
on expectations and are subject to a number of risks and uncertainties
including but not limited to the risks and uncertainties associated with
economic, competitive and other factors affecting BankAtlantic Bancorp, Inc.
("the Company") and its operations, future payment of dividends as determined
and declared by the Company's Board of Directors, and other factors detailed
in the Company's SEC filings.
SOURCE BankAtlantic Bancorp, Inc.
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Related links:
http://www.bankatlantic.com
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PRN Photo Desk, 888-776-6555 or 212-782-2840
CONTACT:
Leo Hinkley, Investor Relations,
+1-954-760-5317, or fax, +1-954-760-5415, or
InvestorRelations@BankAtlanticBancorp.com, or Sharon Lyn,
Corporate Communications, +1-954-760-5402, or fax,
+1-954-760-5415, or CorpComm@BankAtlanticBancorp.com, both of
BankAtlantic Bancorp, Inc.
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