BankAtlantic Celebrates H2H Homebuyers’ Club Launch in the Town of Davie
FORT LAUDERDALE, Florida – April 27, 2010 – BankAtlantic, Florida’s Most Convenient Bank announced today the launch of the H2H Homebuyers’ Club in the Town of Davie. H2H works to close the gap between previously hopeless, but now hope-filled individuals and affordable housing. This event will take place on Wednesday, April 28th from 6:00 p.m. to 8:00 p.m. at the Town Hall Community Center at 6591 Orange Drive, Davie, Florida.
“H2H is unique – we work with the formerly homeless, to design a plan to assist them in obtaining affordable housing for life. That way, they avert future homelessness and break the cycle at last. There are also people who have felt hopeless when it comes to ever achieving financial independence; this club is tailor made for them,” said Marcia Barry-Smith, Senior Vice President of BankAtlantic’s CRA Lending division and Executive Director of BankAtlantic Foundation, the bank’s philanthropy entity.
Members of the Davie Town Council will be in attendance at the launch. This is the second H2H Club; the first one commenced in 2004 in the City of Fort Lauderdale. Fifty-two members have closed on their homes year-to-date with mortgages totaling nearly $4 million.
H2H is run by BankAtlantic’s Community Reinvestment Act (CRA) division. The H2H South Broward segment of the organization holds meetings every fourth Wednesday of the month from 6:00 p.m. to 8:00 p.m. at the Town Hall Community Center.
About the H2H Homebuyers’ Club:
The H2H Homebuyers’ Club was launched in 2004. Since then this award-winning, nationally recognized club has grown from 10 pioneering members to an excess of 300+ members. 52 members have closed on their homes year-to-date with mortgages totaling $3,981,090.
This unique program brings formerly homeless, challenged, self-doubting individuals together with a single objective in mind, that is, to reach the goal of owning a home. The H2H staff assists the members by changing old habits, re-learning behavior in handling their credit, budgeting and saving, re-education in financial matters and wealth development. Through this program, the staff foresees the success of many formerly homeless clients in attaining and maintaining the American Dream of Homeownership. For further information, locations, or to speak with a housing specialist, call 800-330-3711.
About BankAtlantic Foundation:
Through the BankAtlantic Foundation, founded in 1994, BankAtlantic has helped support children in need, helped families obtain affordable housing, provided arts and cultural exposure to the broader community and is deeply committed to education. BankAtlantic is particularly proud of its employees who each year contribute thousands of volunteer hours to a wide scope of charitable causes in support of our community.
About BankAtlantic:
BankAtlantic is one of the largest financial institutions headquartered in Florida. Via its broad network of community branches, online banking division - BankAtlantic.com , and conveniently located ATMs, BankAtlantic provides a full line of personal, small business and commercial banking products and services. BankAtlantic is open 7 days a week with extended weekday hours, Free Online Banking & Bill Pay, a 7-Day Customer Service Center and Change Exchange coin counters. BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic.
To learn more about BankAtlantic and the BankAtlantic Foundation, visit us at www.BankAtlantic.com.
BankAtlantic Contact Info:
Media Relations:
Sharon Lyn, Vice President
Telephone: 954-940-6383
Fax: 954-940-5320
Email: CorpComm@BankAtlantic.com
BankAtlantic Bancorp, Inc. Contact Info:
Leo Hinkley, Media and Investor Relations Officer
Telephone: (954) 940-5300
Email: InvestorRelations@BankAtlanticBancorp.com
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Except for historical information contained herein, the 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”). Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein and the Company cautions that the foregoing factors are not exclusive.
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