--Convenience and Service Remain a Priority With Bank Customers--
FORT LAUDERDALE, Fla., July 12 /PRNewswire-FirstCall/ -- BankAtlantic,
"Florida's Most Convenient Bank," announced today that it has opened over
331,000 new checking and savings accounts since January 2002, including nearly
42,000 in the second quarter of 2004.
During 2002, BankAtlantic commenced its "Florida's Most Convenient Bank"
initiative, an array of new services including seven-day branch banking,
extended weekday branch hours, 24/7 live customer service, Totally Free
Checking, free online banking, and dozens of additional products and services.
Following is the comparative data of New Account Openings:
Total Bank
New Account Openings
Annual, 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
2Q'03 2Q'04 Change
Checking (DDA/NOW) 24,326 27,629 +14%
Savings 11,222 14,156 +26%
Total 35,548 41,785 +18%
Quarterly, Year-to-Date
Y-T-D Y-T-D
2Q'03 2Q'04 Change
Checking (DDA/NOW) 49,459 57,864 +17%
Savings 23,193 29,756 +28%
Total 72,652 87,620 +21%
Total Bank
Period-end Balances
Annual, 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)
2Q'03 2Q'04 Change
Checking (DDA/NOW) $1,002.3 $1,372.6 +36.9%
Savings $191.6 $251.2 +31.1%
Total $1,193.9 $1,623.8 +36.0%
To view the accompanying press release graphs, click on
http://www.bankatlanticbancorp.com/pressroom/charts/pdf/2Q2004NewAccountsGraph.pdf, or access the "Charts and Graphs" section at
http://www.BankAtlanticBancorp.com and click on the "Press Room" navigation
link.
BankAtlantic Chairman and CEO, Alan B. Levan, commented, "Our
groundbreaking 'Florida's Most Convenient Bank' initiative continues to drive
impressive growth in new customer generation and checking and savings account
openings. The overwhelming positive response we continue to receive further
supports our approach and validates our belief that customers desire the
unparalleled convenience offered by BankAtlantic, the only bank in Florida
that is open seven days a week, most holidays, and extended weekday hours."
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 including a Miami-Dade branch open until
midnight, free online banking, Totally Free Change Exchange coin counters,
24/7 call center service and free retail and business checking with a free
gift.
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 at our
website: http://www.BankAtlanticBancorp.com
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 diversified 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 Bancorp
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Related links:
http://www.bankatlantic.com
http://www.BankAtlanticBancorp.com
http://www.RyanBeck.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, Investor
Relations, +1-954-760-5317, or
InvestorRelations@BankAtlanticBancorp.com, or Sharon Lyn,
Assistant Vice President, 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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