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.com bankatlantic s branch footprint in southern florida as of june 2011 . 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 . 1 2 it was a member of the federal deposit insurance corporation . prior to its acquisition in june 2011 bankatlantic had assets of 3.86 bn with liabilities of 3.84 bn . 3 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 edit 1952 bankatlantic founded in fort lauderdale as atlantic federal savings and loan association . 1980s the bank sued abc news for a report of complex real estate deals used by alan b. levan to keep the bank afloat . the bank lost the action when the us supreme court refused to hear the case . 4 1988 atlantic federal savings and loan renamed bankatlantic . 1994 the bankatlantic foundation was created . 1999 jarett s. levan is appointed to the board of directors . 5 2001 bankatlantic bancorp acquires community savings bankshares inc. 2005 bankatlantic signs a ten year 20 million deal for the naming rights to the bankatlantic center a multi purpose arena that is home to the florida panthers 2006 bankatlantic paid a ten million dollar penalty as a result of an investigation of drug traffickers in florida . their report noted more than 50 million in suspicious transactions were conducted through certain accounts at bankatlantic . 6 2007 share prices of the corporation collapses from 46.35 in the first week of october to 16 in the first week of november . 7 2007 to meet financial difficulties the bank sold ryan beck holdings incorporated for about 96 million laid off over 220 workers and cut down on its marketing budget . 8 2007 bankatlantic opens 100th location . 2007 jarett s. levan becomes chief executive officer taking the title from his father . 8 2008 in july the bank was included on a report entitled who is next written by analyst richard x. bove . the report listed 107 banking firms in order of their perceived riskiness to investors . the bank whose stock was then near 100 a share sued for defamation in june 2010 the bank lost the case but managed to cost mr. bove almost 800 000 in legal fees . 4 by september 2010 the corporation s share price was about a dollar . 9 2010 on march 23 forbes reported bankatlantic was one of a number of us banks implicated in dealings with mexican drug traffickers . the report said that bankatlantic entered into a deal with the justice department to settle the matter . 10 2010 recipient for highest customer satisfaction with retail banking in florida jd power and associates 2010 retail banking satisfaction study . 2011 bankatlantic s tampa bay area branches sold to pnc financial services with bankatlantic focusing on the south florida market . 2011 bankatlantic put itself up for sale and announced it would be acquired by bb & t. the deal later collapsed . 11 2012 sec files a civil lawsuit against bankatlantic and chairman and ceo alan b. levan over allegations that they misled investors about the loan problems at the bank 12 2012 bankatlantic bb & t deal blocked by delaware judge citing the deal violated rights of investors 13 2012 after renegotiation bb & t acquires bankatlantic . 14 2012 bankatlantic bancorp inc. changed its name to bbx capital corporation which is currently used today . 15 references edit bankatlantic corporate overview . bankatlantic . pnc to buy florida banks . pittsburgh tribune review . 31 january 2011 . retrieved 2 september 2012 . bankatlantic bancorp inc. and subsidiaries summary of selected financial data pdf . bankatlantic bancorp inc. july 27 2011 . retrieved august 7 2011 . a b martin andrews ; story louise september 11 2010 . the loneliest analyst . the new york times . new york city . archived from the original on january 19 2012 . retrieved september 13 2010 . jarett s. levan profile . forbes.com . archived from the original on 15 september 2010 . retrieved september 18 2010 . drug problem by nathan vardi forbes.com blog http www.forbes.com forbes 2007 0702 046 . html bankatlantic bancorp inc. new stock chart . yahoo finance . november 12 2007 . retrieved september 13 2010 . a b bankatlantic news and photos . sunsentinel.com . retrieved september 18 2010 . bankatlantic bancorp inc. new stock chart . yahoo finance . september 13 2010 . retrieved september 13 2010 . vardi nathan march 23 2010 . america s banks and mexico s drug problem . forbes.com . archived from the original on 23 september 2010 . retrieved september 18 2010 . bankatlantic bancorp signs definitive agreement to sell bankatlantic to bb & t corporation . 11 01 2011 . retrieved 2 september 2012 . check date values in date help securities and exchange commission plaintiff v. bankatlantic bancorp inc. and alan b. levan pdf . united states district court southern district of florida . jan 18 2012 . bb & t bankatlantic deal blocked by delaware judge . reuters . feb 28 2012 . bb & t completes purchase of bankatlantic . retrieved 2 september 2012 . changed name external links edit official website retrieved from https en.wikipedia.org w index.php title bankatlantic & oldid 738400493 categories companies listed on the new york stock exchangecompanies based in fort lauderdale floridabanks based in floridahidden categories cs1 errors datespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 8 september 2016 at 18 52 . text is available under the creative commons attribution sharealike license ; 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