Former type Public Fate Acquired by BB&T Number of employees approx 1,040 | Industry Finance and Insurance Products Banking Defunct 2012 | |
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Key people Jarett Levan (CEO)Alan Levan, Chairman Motto Florida's Most Convenient Bank Founded 1952, Fort Lauderdale, Florida, United States Parent organizations BankAtlantic Bancorp, Inc., Bfc Financial |
BankAtlantic, was a US bank that operated in the state of Florida until it was acquired in 2012 by BB&T Corporation. It provided consumer and business banking services to communities throughout Florida.
It was founded in 1952 and had 78 branch locations in Broward, Martin, Miami-Dade, Palm Beach, and St. Lucie counties. It was a member of the Federal Deposit Insurance Corporation.
Prior to its acquisition, in June 2011, BankAtlantic had assets of $3.86bn with liabilities of $3.84bn. The company’s lending portfolio comprised commercial real estate loans, commercial business loans, standby letters of credit and commitments, consumer loans, small business loans, and residential loans.
History
References
BankAtlantic Wikipedia(Text) CC BY-SA