BankAtlantic Names Doug Freeman Executive Vice President, Chief Corporate Banking Executive
FORT LAUDERDALE, Florida – August 8, 2007 -- BankAtlantic, “Florida’s Most Convenient Bank,” announced today that Doug Freeman has joined the company as Executive Vice President, Chief Corporate Banking Executive. Freeman will be responsible for overseeing several business divisions of the bank including: Business Banking, Commercial Lending, Treasury Management, Commercial Real Estate Lending, as well as several other sales areas. BankAtlantic is a wholly-owned subsidiary of BankAtlantic Bancorp (NYSE: BBX).
Prior to joining BankAtlantic, Freeman served as Chairman and CEO of NetBank. Previously, he was a member of the Executive Committee and President of the Consumer Finance Division of Nations Bank (subsequently Bank of America). In addition, he was a member of Barnett Bank’s Senior Management Committee from 1991-1998 serving as Chief Corporate Bank Executive and Chief Consumer Bank Executive. Freeman was recruited to Barnett from Wells Fargo, where he was an Executive in charge of Business Banking.
“I am very excited to welcome Doug to the BankAtlantic organization. Doug’s banking expertise, especially in the Florida market, will be a valuable asset as we continue to grow our franchise throughout the state,” said Jarett Levan, President and CEO of BankAtlantic. “Doug will be an excellent addition to an already talented management team.”
Freeman is Chairman of the BAI (Bank Administration Institute), a prior Board member of the Consumers Bankers Association, on the Board of Trustees of the Graduate School of Retail Banking, a Board member of Furman University in South Carolina and also a Trustee of the Moore Business School at the University of South Carolina
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 – www.BankAtlantic.com BankAtlantic has nearly 100 stores and operates more than 250 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 BankAtlantic Bancorp:
BankAtlantic Bancorp (NYSE: BBX) is a diversified financial services holding company and the parent company of BankAtlantic. BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking. On February 28, 2007, BankAtlantic Bancorp announced that it had completed the sale of its wholly-owned subsidiary, Ryan Beck Holdings, Inc. and its subsidiaries to Stifel Financial Corp., Inc. (NYSE: SF). As a consequence of the sale, BankAtlantic Bancorp currently holds a 16% ownership interest in Stifel Financial Corp.
BankAtlantic, “Florida’s Most Convenient Bank,” Contact Info:
Public Relations: Hattie Hess, Vice President, Public Relations
Telephone: 954-940-6383, Email: hhess@bankatlantic.com
Public Relations for BankAtlantic:
Boardroom Communications, Caren Berg
Telephone: 954-370-8999, Email: cberg@boardroompr.com
BankAtlantic Bancorp Contact Info:
Donna Rouzeau,
Assistant Vice President, Investor Relations & Corporate Communications
Email: CorpComm@BankAtlanticBancorp.com
Leo Hinkley,
Senior Vice President, Investor Relations Officer
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
For further information, please visit our websites:
www.BankAtlantic.com
www.BankAtlanticBancorp.com
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Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those expressed or implied by the forward-looking statements contained herein. 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.
