SEC probes BankAtlantic Bancorp Nov 21, 2008
The Nov. 10 quarterly filing by BankAtlantic Bancorp (: BBX) disclosed a subpoena and notice of investigation from the SEC s Miami regional office in October. The requested documents related to pending lawsuits recently filed against the bank, certain problem loans, the subsidiary created to take some problem land development loans off the bank s books and stock transactions made by the company s officers and directors. (South Florida Business Journal, FL)
Losses narrow at BankAtlantic Oct 30, 2008
BankAtlantic Bancorp ended the quarter with $46 ... BankAtlantic Bancorp (NYSE: BBX) also declared a 2 ... Shares of BankAtlantic Bancorp traded up 8 cents to $5. (Tampa Bay Business Journal, FL)
BankAtlantic loan losses ease Oct 19, 2008
BankAtlantic Bancorp Chairman and CEO Alan Levan said in a news release that his bank s trends over the past nine months look favorable and its capital is strong ... BankAtlantic Bancorp will release its full third quarter results on Oct. 28. (South Florida Business Journal, FL)
Feds move to avert panic Sep 20, 2008
BankAtlantic Bancorp, Fort Lauderdale. Fort Lauderdale. (South Florida Business Journal, FL)
Superior Bancorp. names new executive Sep 9, 2008
White, who previously held top-management positions at First National Bank & Trust of Tulsa and BankAtlantic Bancorp. will head up of a number of finance-related duties for the Birmingham-based community bank. (Birmingham Business Journal, AL)
Levan taking a bite out of pizza market Aug 28, 2008
The company is controlled by , which also controls BankAtlantic Bancorp. Reader Comments. (South Florida Business Journal, FL)
An acid-tongued maverick keeps bankers on the edge of their seats Aug 4, 2008
But No. 10 on the first list, BankAtlantic Bancorp of Fort Lauderdale, fired back. The bank said Bove's numbers were wrong and sued him and his employer, a small brokerage firm called Ladenburg Thalmann, for defamation. (International Herald Tribune)
Short Sellers, Not Touts, in Stock Cop's Sights Aug 2, 2008
Eight days later, one of the banks, BankAtlantic Bancorp Inc., sued him for defamation. BankAtlantic said in the complaint that Bove's data was faulty, and its stock rallied back to where it had been before he published the report. (Bloomberg -- Columnists)
BankAtlantic's Levan optimistic Jul 31, 2008
They are kept on BankAtlantic Bancorp s books at about 63 percent of their principal balances, prior to charge-offs and reserves ... BankAtlantic, the banking subsidiary of BankAtlantic Bancorp, reported a net loss of $14. (South Florida Business Journal, FL)
BankAtlantic reports $19.4M Q2 loss Jul 30, 2008
BankAtlantic, the banking subsidiary of BankAtlantic Bancorp, reported a net loss of $14. 1 million for the quarter ended June 30, down from net income of $10. (South Florida Business Journal, FL)
Is Your Bank Safe? Jul 28, 2008
BankAtlantic, a Florida-based regional bank, even sued an analyst after he pegged its parent BankAtlantic Bancorp () near the top of a list that could be "next" after IndyMac. "A falsehood, when widely circulated, becomes its own truth," the bank's lawsuit says. (BusinessWeek)
BankAtlantic Sues Analyst, Claiming Defamation Jul 22, 2008
Regional bank BankAtlantic Bancorp filed suit Monday against well-known banking analyst Richard Bove and his firm, charging both with defamation and negligence for mentioning the company in a list of banks that might fail ... BankAtlantic Bancorp Inc. was 10th on his list, with a ratio of 4 ... BankAtlantic maintained only the Federal Deposit Insurance Corp. had sufficient data to judge whether any institution was in danger of failing, and in its own case, the data Bove used was that of its two... (Law.com)
BankAtlantic says it sues analyst over research Jul 22, 2008
chairman, Alan Levan, claimed that Bove only examined data from the bank's parent company, BankAtlantic Bancorp, which Levan claimed is "meaningless information" in the bank's case ... In BankAtlantic's case, Levan said the financial statements of its two holding companies - BankAtlantic Bancorp and BFC Financial Corp. -- do not mirror its banking subsidiary. (MarketWatch)
Banking Analyst Bove Stands Behind Banking Report Jul 22, 2008
BankAtlantic Bancorp filed a lawsuit in Florida seeking damages and alleging defamation and negligence stemming from Bove's recent report called Who Is Next. which was written in the wake of the collapse of IndyMac Bancorp. (Fox News)
Bank Analyst Bove Sued Over Report Jul 22, 2008
NEW YORK (Reuters) - Richard Bove, a prominent U.S. banking analyst, was sued on Monday by BankAtlantic Bancorp Inc , which accused him of defamation and negligence over a recently published research report, the bank said. The bank said the lawsuit, filed in a state court in Broward County, Florida, pertained to a report dated July 13 and titled "Who Is Next?". (ABC News -- Wire)
Bank: Bove Defamed Us Jul 22, 2008
BankAtlantic Bancorp said it was "shocking" that Bove included it in his report, "Who is Next?" on individual banks' strength. BankAtlantic accused Bove of "defamation and negligence," by improperly attacking finances of the bank's holding company, not its operating unit of 100 branches. (New York Post -- Business)
Banks to clients: Money is safe Jul 16, 2008
"We are looking forward to some of the chaos in the market settling down," said Alan Levan, chairman of BankAtlantic Bancorp Inc. in Fort Lauderdale. "It's a very fragile environment out there.". (The Palm Beach Post)
Regional banks may need more capital: report May 20, 2008
The banks named are Rockfords , Chicagos Private Bancorp Inc. and , plus BankAtlantic Bancorp Inc., BankUnited Financial Corp., Boston Private Financial Holdings, Citizens Republic Bancorp Inc., Colonial Bancgroup Inc. and Franklin Bank Corp.. A 10th, Comerica Inc., will likely have to slash its dividend from the present quarterly dividend of 66 cents, Alexopoulos wrote in the note. (Crain's Chicago Business)
Real-Estate Speculation Rattles Florida Bank Apr 8, 2008
State " Zip: Email: 12 ISSUES FOR $12.00 71% OFF! 24 ISSUES FOR $18.00 79% OFF! 36 ISSUES FOR $24.00 Best Deal! Print Send WHEN JOSEPH HUBBARD bought shares of BankAtlantic Bancorp () in late 2005, the Fort Lauderdale, Fla.-based company was a small but growing bank in a booming state. That the stock was down about 25% from its peak for that year likely added to its appeal. Hubbard, an individual investor in Macon, Ga., jumped on what probably looked like an undervalued company. Two days before... (SmartMoney)
Stifel Shareholders To Sell Mar 19, 2008
6 million are being sold by BankAtlantic Bancorp (nyse: - - ) and 300,000 by Western and Southern Life Insurance ... As of Jan. 14, BankAtlantic Bancorp owned 2. (Forbes -- Markets)
BankAtlantic posts Q4, full-year losses Feb 1, 2008
For the full year, BankAtlantic Bancorp said it lost $22 ... "We're certainly disappointed in our performance this quarter but we're more disappointed in the performance of our stock price over the last quarter which is trading at average of 50 percent of value," BankAtlantic Bancorp Chief Executive Officer Alan Levan said. (South Florida Business Journal, FL)
BankAtlantic to pull out of Orlando market Feb 1, 2008
BankAtlantic Bancorp says it lost $9 ... In 2007, BankAtlantic Bancorp lost $22 ... "We're certainly disappointed in our performance this quarter, but we're more disappointed in the performance of our stock price over the last quarter which is trading at an average of 50 percent of value," says Alan Levan, BankAtlantic Bancorp CEO. "We are handling this downturn exactly the way we did in 1991 and 2001. We emerged as much stronger, leaner and much more profitable company after those downturns.". (Orlando Business Journal)
BankAtlantic reports $9.9 million loss Jan 30, 2008
BankAtlantic reports $9. 9 million loss - 01/30/2008 - MiamiHerald. (The Miami Herald)
Stifel buys back shares from BankAtlantic Jan 15, 2008
BankAtlantic Bancorp (NYSE: BBX) operates as a holding company for BankAtlantic, which offers consumer and commercial banking services in Florida. St. Louis-based Stifel Financial Corp. (NYSE: SF) is a financial services firm. (South Florida Business Journal, FL)
BankAtlantic considers sale, rival bankers say Dec 24, 2007
Mark Freerks An analyst estimates that Alan Levan s BankAtlantic Bancorp will have a break-even fourth quarter and an annual loss of 33 cents ... In its third quarter report to the SEC, BankAtlantic Bancorp said it had $22 million in real estate held for development ... But, in its 2006 annual report to the SEC, BankAtlantic Bancorp said it had 12 proposed branch sites valued at a combined $23. (South Florida Business Journal, FL)
Glancy Binkow & Goldberg LLP -- Representing Shareholders of BankAtlantic Bancorp Inc. -- Announces Update to Shareholder Lawsuit -- BBX Dec 8, 2007
Glancy Binkow & Goldberg LLP -- Representing Shareholders of BankAtlantic Bancorp Inc. -- Announces Update to Shareholder Lawsuit -- BBX: Financial News - Yahoo ... Glancy Binkow & Goldberg LLP -- Representing Shareholders of BankAtlantic Bancorp Inc. -- Announces Update to Shareholder Lawsuit -- BBXFriday December 7, 8:30 pm ET ... LOS ANGELES, Dec. 7, 2007 (PRIME NEWSWIRE) -- Glancy Binkow & Goldberg LLP -- representing shareholders of BankAtlantic Bancorp Inc. -- announces 21 days remaining... (Primezone Releases)
Shareholder Class Action Filed Against BankAtlantic Bancorp, Inc. by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP Dec 1, 2007
Shareholder Class Action Filed Against BankAtlantic Bancorp, Inc. by the Law Firm of Schiffrin Barroway Topaz er, LLP ... Shareholder Class Action Filed Against BankAtlantic Bancorp, Inc. by the Law Firm of Schiffrin Barroway Topaz er, LLP ... Nov. 30 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz er, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York on... (PR Newswire)
Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased BankAtlantic Bancorp Inc., Announces Class Action Lawsuit and Seeks to Recover Losses Nov 14, 2007
Glancy Binkow erg LLP, Representing Investors Who Purchased BankAtlantic Bancorp Inc., Announces Class Action Lawsuit and Seeks to Recover Losses ... Glancy Binkow erg LLP, Representing Investors Who Purchased BankAtlantic Bancorp Inc., Announces Class Action Lawsuit and Seeks to Recover Losses ... LOS ANGELES, Nov. 13 /PRNewswire/ -- Notice is hereby given that Glancy Binkow erg LLP has filed a Class Action lawsuit in the United States District Court for the Southern District of Florida on... (PR Newswire)
Levitt and Sons files Chapter 11 Nov 14, 2007
Alan Levan, head of Levitt Corp., also is the chairman of a big regional bank, BankAtlantic Bancorp. None of those companies is affected by Levitt and Sons' bankruptcy, which had been expected for weeks. (Orlando Sentinel -- Opinion)
BFC Financial Corp. Q3 loss widens Nov 14, 2007
Last month, BankAtlantic Bancorp said it and its BankAtlantic savings bank subsidiary in the third quarter, as non-performing loans and loan loss reserves increased. The Fort Lauderdale-based bank holding company (NYSE: BBX) said it lost $29. (South Florida Business Journal, FL)
Recession symptoms near fever level Nov 6, 2007
Last month, Fort Lauderdale-based BankAtlantic Bancorp Inc. (NYSE: BBX) reported a loss of $29. 6 million for the quarter ended Sept. 30. (The Palm Beach Post)
BankAtlantic faces second investor suit Oct 31, 2007
Stull, Stull & Brody maintains that Fort Lauderdale-based BankAtlantic Bancorp (NYSE: BBX) and its BankAtlantic subsidiary understated their loan loss reserves in financial statements between Nov. 9, 2005, and Oct. 25, 2007 ... On Oct. 25, BankAtlantic Bancorp reported a third quarter loss of $29 ... The suits maintain that BankAtlantic Bancorp and its officers knew or "recklessly failed to know" that Tringali and Neil Mohammed Husani, his partner in several other real transactions, were under... (South Florida Business Journal, FL)
Investor sues BankAtlantic on loan reserves issue Oct 30, 2007
is seeking unspecified compensatory damages and recovery of costs and expenses for himself and other shareholders in BankAtlantic Bancorp (NYSE: BBX) who become part of the suit ... The suit names BankAtlantic Bancorp Chairman and Chief Executive Officer Alan Levan, President Jarett Levan, Chief Financial Officer Valerie Toalson and former CFO James White as defendants ... Vianale & Vianale filed the suit four days after BankAtlantic Bancorp reported a of $29. (South Florida Business Journal, FL)
BankAtlantic reports Q3 loss Oct 27, 2007
BankAtlantic Bancorp said it and its BankAtlantic savings bank subsidiary slipped to a loss in the third quarter, as non-performing loans and loan loss reserves increased. "This quarter's financial results reflect the continuing impact of the current economic environment on our business, particularly the deteriorating residential real estate market, contributing to higher non-performing asset levels, increased loan loss reserves, further valuation impairment of real estate owned and held for... (South Florida Business Journal, FL)
Fort Lauderdale-based Levitt and Sons halts all work on houses Oct 20, 2007
Alan Levan, head of Levitt Corp., also is the chairman of a big regional bank, BankAtlantic Bancorp. Levitt and Sons has built about 200,000 homes over the past 78 years. (Sun-Sentinel.com)
Future of Levitt and Sons home builder in doubt Oct 14, 2007
Levan, who is also the chairman of a big regional bank, BankAtlantic Bancorp, could not be reached for comment Friday ... Levitt and Sons is partly owned by BFC Financial Corp., a holding company that also has stakes in BankAtlantic Bancorp and Bluegreen ... Levan is chairman of BankAtlantic Bancorp, Levitt Corp. and Bluegreen. (Sun-Sentinel.com)
Levitt expects $160M-$170M in Q3 charges Oct 13, 2007
The controlling shareholder of Levitt is BFC Financial Corp. (NYSE: BFF) of Fort Lauderdale, which is also the parent company of BankAtlantic Bancorp (NYSE: BBX) ... BankAtlantic Bancorp has controlled Levitt since 1999. (South Florida Business Journal, FL)
UnionBanCal's Drug Money Problem Sep 18, 2007
BankAtlantic Bancorp (nasdaq: - - ), a small bank in Fort Lauderdale, Fla. paid $10 million to settle similar allegations last year. (Forbes -- Business)
BankAtlantic: Profits down, problem loans up Sep 16, 2007
BankAtlantic Bancorp said it had a profit of $6. 5 million, or 10 cents a share, in last year's first quarter. (South Florida Business Journal, FL)
BankAtlantic, Synovus post gains Jul 26, 2007
Fort Lauderdale-based BankAtlantic Bancorp (NYSE: BBX) is the parent company of BankAtlantic, with 15 offices in the Tampa Bay area. Synovus said second quarter net income was $162. (Tampa Bay Business Journal, FL)
Quarterly loss grows at BFC May 12, 2007
BFC is controlling shareholder of BankAtlantic Bancorp, the parent of BankAtlantic, and homebuilder Levitt. Both companies are based in Fort Lauderdale. (South Florida Business Journal, FL)
BFC Financial Corporation Reports Financial Results For the First Quarter, 2007 May 11, 2007
The Company's results for the period reflect lower earnings from its principal holdings, BankAtlantic Bancorp (NYSE: ) and Levitt Corporation (NYSE: ) ... The adverse market conditions in the homebuilding industry, particularly in its key Florida market, impacted Levitt Corporation's ("Levitt") results; while at BankAtlantic Bancorp, higher operating expenses associated with BankAtlantic's store expansion initiatives, increased loan reserves, reduced growth of earning assets and compressed net... (PR Newswire)
Bank mania sign of slower growth May 4, 2007
He also likes the stock of two fine Florida franchises that have underperformed, BankAtlantic Bancorp Inc. and SunTrust Banks Inc., which could be feeling pressure from their shareholders. The increased M&A isn't quite a boom yet. (Chicago Tribune)
Banking on his family tradition Apr 15, 2007
Levan takes over for his father, Alan, who remains chief executive officer and chairman of BankAtlantic Bancorp Inc., BankAtlantic's parent company. If Levan is feeling pressure, he said that pressure is most likely coming from within, to build upon what his father started. (Sun-Sentinel.com)
BFC Financial Corporation Announces Financial Results for the Fourth Quarter and Full Year 2006 Mar 20, 2007
The Company's results for the period reflect the lower earnings of its principal holdings, BankAtlantic Bancorp and Levitt Corporation ... Sale Of Ryan Beck Completed: On February 28, 2007, BFC's subsidiary, BankAtlantic Bancorp completed the sale of its wholly-owned subsidiary, Ryan Beck Holdings, Inc. and its subsidiaries to Stifel Financial Corporation ("Stifel") ... As a consequence of the sale, the results of operations of Ryan Beck are reported as discontinued operations in BankAtlantic... (PR Newswire)
Property appraisal on Tringali tract may be factor in potential bank loss Mar 7, 2007
That is what BankAtlantic Bancorp -- using the same tactic -- did on another piece of property that Tringali had owned. The Fort Lauderdale-based bank bought Tringali's 1,143-acre Steeplechase Properties development near Myakka City in December through a subsidiary, Heartwood 7 LLC, for $27. (Herald-Tribune)
Lauderdale's BFC buying home builder Levitt Corp. Feb 1, 2007
BFC already owns 17 percent of Levitt and also has stakes in Bluegreen Corp., BankAtlantic Bancorp, Ryan Holdings Inc., Benihana Inc. and Cypress Creek Capital. Fort Lauderdale-based Levitt Corp. is the parent of Levitt and Sons, which created New York's Levittown, Long Island and has built 200,000 homes over the past 77 years. (Sun-Sentinel.com)
Michael Dell takes over as company CEO Feb 1, 2007
BFC Financial, which also is based in Fort Lauderdale, is the holding company for BankAtlantic Bancorp. Nation. (Orlando Sentinel -- Business)
Levitt Corp. sold for $286M Feb 1, 2007
In an announcement yesterday, Fort Lauderdale-based Levitt said it has agreed to be sold to BFC Financial Corp., the holding company for BankAtlantic Bancorp, which provides funding for banking services, community development and residential homes ... 1999: BankAtlantic Bancorp buys it. (Newsday -- Business)
BankAtlantic sells Ryan Beck Jan 10, 2007
BankAtlantic Bancorp has agreed to sell Ryan Beck, its struggling investment-banking unit, to Stifel Financial for at least $96 million in stock ... Investment banking firm Ryan Beck Holdings won't be an albatross for Fort Lauderdale's BankAtlantic Bancorp much longer. (The Miami Herald)
Stifel Financial to buy Ryan Beck Holdings Jan 10, 2007
Ryan Beck, with headquarters in Florham Park, N.J., has been owned since 1998 by BankAtlantic Bancorp Inc. of Fort Lauderdale, Fla. BankAtlantic will receive 2. (Sunspot.net -- Business)
Fund Holdings Make Ideal Hunting Ground Jan 3, 2007
Some analysts say the company may be eyeing Ryan, Beck a regional brokerage in the Northeast and a subsidiary of BankAtlantic Bancorp. (). (Investors Business Daily)
Year-end boosts banks Jan 2, 2007
For example, BankAtlantic Bancorp had problems on two fronts. On April 26, the U.S. Office of Thrift Supervision $10 million and placed its BankAtlantic subsidiary under a cease and desist order for violations of the Bank Secrecy Act. (South Florida Business Journal, FL)
