BankAtlantic Names Jarett S. Levan as Chief Executive Officer.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 Bancorp (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) ) today announced that its Board of Directors has approved the promotion of Jarett S. Levan to the positions of Chief Executive Officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , BankAtlantic, and President of BankAtlantic Bancorp. Levan had previously been the Bank's President and will retain that title. Levan will continue to work with the executive team to maintain the focus of BankAtlantic's Florida's Most Convenient Bank initiatives. In addition to his new responsibilities, he will continue to serve on the BankAtlantic and BankAtlantic Bancorp Board of Directors. "Jarett's record of achievement at BankAtlantic is outstanding. His experience, creativity and leadership will help guide the Bank into the future," stated Alan B. Levan, BankAtlantic Bancorp Chairman and CEO. Jarett Levan joined the bank full time in 1998 and has held several positions including Manager of Investor Relations Investor relations The process by which the corporation communicates with its investors. , Legal Counsel, Director of Alternative Delivery, Chief Marketing Officer and President. He worked at the bank in various other positions, beginning in the mailroom mail·room n. A room in which ingoing and outgoing mail is handled for a company or other organization. in 1985 and as a teller in 1988. Over the years, Jarett Levan has been at the helm of many BankAtlantic endeavors, such as the launch of BankAtlantic's Internet Banking, 24/7 customer service center, the introduction of BankAtlantic's Florida's Most Convenient Bank initiative and seven day banking. Jarett Levan graduated Cum Laude cum lau·de adv. & adj. With honor. Used to express academic distinction: graduated cum laude; 25 cum laude graduates. from the University of Miami School of Law The University of Miami School of Law, founded in 1926, is the law school of the University of Miami, located in Coral Gables, Florida, in the United States. Curriculum and has a BBA BBA abbr. Bachelor of Business Administration in Finance from Emory University's Goizueta Business School Goizueta Business School (pronounced goy-swet-ah) is the business school of Emory University in Atlanta, Georgia. It is named after Roberto Goizueta, a former president of The Coca-Cola Company. . Alan B. Levan will remain the Chairman of both companies and the Chief Executive Officer of BankAtlantic Bancorp. "I am fortunate to work with such an excellent management team at BankAtlantic," said Jarett S. Levan. "We have a great franchise and are well positioned in Florida. My objective will be to continue the momentum that we have established, however, in my own style." 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. It also owns Ryan Beck Holdings, Inc. ("Ryan Beck"), a subsidiary engaged in retail and institutional brokerage and investment banking. On January 9, 2007, BankAtlantic Bancorp announced that it had entered into an agreement with Stifel Financial Corp. (Stifel), for the sale of Ryan Beck to Stifel. This sale is expected to close in the First Quarter, 2007, subject to approvals. Ryan Beck is accounted for as a discontinued operation discontinued operation A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations. . 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 stores and its online banking division - BankAtlantic.com. BankAtlantic has over 80 stores and operates more than 200 conveniently located ATMs. BankAtlantic is open 7 days a week 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. About Ryan Beck Holdings, Inc.: Founded in 1946, Ryan Beck provides financial advice and innovative solutions to individuals, institutions and corporate clients through the activities of approximately 1,100 employees in 43 offices located in 14 states. For individual investors, the firm's Private Client Group provides a full range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , including investment consulting, retirement plans, insurance and investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Institutional clients benefit from the market making, underwriting and distribution activities of the firm's experienced Capital Markets Group, which encompasses equity and fixed income trading and institutional sales as well as research. Through its Investment Banking Groups, Ryan Beck raises capital and provides financial advisory services to financial institutions, middle market companies and municipalities. For further information, please visit our websites: www.BankAtlanticBancorp.com www.BankAtlantic.com www.RyanBeck.com BankAtlantic, "Florida's Most Convenient Bank," Contact Info: Public Relations: Hattie Hess, Vice President, Public Relations Telephone: 954-940-6383, Fax: 954-940-6310 Email: hhess@BankAtlantic.com Public Relations for BankAtlantic: Boardroom Communications Caren Berg Phone: 954-370-8999, Fax: 954-370-8892 Email: caren@boardroompr.com BankAtlantic Bancorp Contact Info: Donna Rouzeau, Assistant Vice President, Investor Relations & Corporate Communications Email: CorpComm@BankAtlanticBancorp.com Leo Hinkley, Senior Vice President, IRO Email: InvestorRelations@BankAtlanticBancorp.com Phone: (954) 940-5300, Fax: (954) 940-5320 Mailing Address: BankAtlantic Bancorp, Investor Relations 2100 West Cypress Creek Road, Fort Lauderdale, FL 33309 - To receive future BankAtlantic Bancorp news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button on our website: www.BankAtlanticBancorp.com. Matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. All statements in this press release not dealing with historical results are forward-looking and are based on various assumptions. 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. |
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