BankAtlantic
 |
|
| Public | |
| Industry | Finance and Insurance |
| Fate | Acquired by BB&T |
| Founded | Fort Lauderdale, FL (1952) |
| Defunct | 2012 |
| Headquarters | Fort Lauderdale, Florida |
|
Key people
|
Jarett Levan (CEO) Alan Levan, Chairman |
| Products | Banking |
|
Number of employees
|
approx 1,040 |
| Website | www |
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.
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Wikipedia