BankAtlantic Announces Retail Expansion Into Orlando Market.Florida's Most Convenient Bank Enters Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. With Store Operations Beginning in 2007 FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- BankAtlantic (NYSE NYSE See: New York Stock Exchange :BBX BBX Business Basic Extended BBX Business Barter Exchange BBX Blue Bell, Pennsylvania (Airport Code) BBX Blockbuster Express (UK video store) ), Florida's Most Convenient Bank, announced today that it will open at least four new state of the art, full service stores in the greater Orlando Greater Orlando, alternatively known as the Orlando Area or Metro Orlando, is third most populated metropolitan region in the state of Florida, and the 27th-largest metro area in the United States. area in 2007. These four stores, two of which will open in January, will complement the approximately 25 stores that the bank will open next year. In total, BankAtlantic expects to open more than 20 stores in the greater Orlando area in the next several years. Each new store will employ between 15-20 bank associates. Earlier this year, BankAtlantic opened a Sales and Customer Service Center and a training center, BankAtlantic University, in Orlando. The new Sales and Customer Service Center will eventually house over 250 associates. The bank has maintained a commercial lending presence in Orlando for the past 4 years. "Orlando is an ideal market for BankAtlantic's expansion," said Jarett Levan levan Dentistry A fructose homopolymer linked by β-2,6 bonds, formed by the partial digestion of sucrose by Bacillus and Streptococcus spp, which is a component of dental plaque representing the first biochemical event in cariogenesis. , president of BankAtlantic. "With approximately two million people in this growing and dynamic area, we see tremendous opportunity to expand BankAtlantic's Florida's Most Convenient Bank strategy into the greater Orlando area. We are pleased to become a part of one of Florida's most exciting communities." BankAtlantic has been aggressively adding stores throughout the state, and previously announced plans to open more than 40 locations in the next 18 to 24 months. BankAtlantic's first Orlando-area stores will include one in Osceola County Osceola County is the name of three counties in the United States:
Name Headquarters A'rosa Europe NCL America America AIDA Cruises Europe American Cruise Lines America . "We have found that seven day banking, extended hours and BankAtlantic's other unique retail offerings have met with universal appreciation in South Florida, the Treasure Coast The Treasure Coast is a term for a region in the U.S. state of Florida stretching from Hobe Sound in the south through Sebastian in the north, including the coastal counties of Indian River, St. Lucie, and Martin. and the Tampa Bay Tampa Bay, inlet of the Gulf of Mexico, 25 mi (40 km) long and 7 to 12 mi (11.3–19 km) wide, W Fla., separated from the Gulf by numerous small islands; it receives the Hillsborough River. St. area," added Levan, "and expect Orlando residents to enjoy the same convenient services." About BankAtlantic: BankAtlantic, "Florida's Most Convenient Bank", with $6 billion in assets and more than 80 stores 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 stores throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic operates more than 250 conveniently located ATMs. BankAtlantic is open 7 days a week(a) and offers holiday hours, extended weekday hours, including several stores open until midnight, Totally Free Online Banking & Bill Pay, 24/7 Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift. For further information visit www.BankAtlantic.com (a) A few locations have limited 7 Day Branch Banking due to building restrictions. BankAtlantic Contact Information: Public Relations: Hattie Hess, BankAtlantic Telephone: 954-940-6383, email: hhess@bankatlantic.com Public Relations For BankAtlantic: Caren Berg, Boardroom Communications Telephone: 954-370-8999, email: cberg@boardroompr.com About BankAtlantic Bancorp: BankAtlantic Bancorp (NYSE:BBX) is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment 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 & Corporate Communications: Donna Rouzeau, Assistant Vice President Phone: 954-940-5300, Fax: 954-940-5320 Email: CorpComm@BankAtlanticBancorp.com Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of BankAtlantic Bancorp, Inc. ("the Company") and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to, risks and uncertainties associated with: BankAtlantic's seven-day banking initiatives, new store expansion program, successfully opening the anticipated number of new stores in 2006 and 2007 and achieving growth and profitability at the stores. 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. The Company cautions that the foregoing factors are not exclusive. |
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