Press Release: BankAtlantic Bancorp, Inc.
September 13, 2002
FORT LAUDERDALE, FL -- The Board of Directors of BankAtlantic Bancorp (NYSE: BBX), the parent company of BankAtlantic,
Levitt Companies, and Ryan, Beck & Co., has declared a cash dividend of $0.031 per share on its Class A Common
Stock. This represents a 6.9% increase over previous dividend levels. The Board set the payment date for Thursday,
October 17, 2002 to all shareholders of record at the close of trading on Thursday, October 3, 2002.
About BankAtlantic Bancorp:
BankAtlantic Bancorp (NYSE: BBX ) is a diversified financial services holding company and the parent company of
BankAtlantic, Levitt Companies, and Ryan, Beck & Co. Through its subsidiaries, BankAtlantic Bancorp provides
a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking,
and real estate development. BankAtlantic Bancorp is one of the largest financial institutions headquartered in
the state of Florida.
BankAtlantic, "Florida's Most Convenient Bank," provides a comprehensive offering of banking services
and products via its broad network of community branches throughout Florida and its online banking division --
BankAtlantic.com .
Seven-Day Branch Banking -- Monday through Sunday. Saturday branch lobby hours are 8:30 A.M.-3:00 P.M., and drive-thru
hours are 7:30 A.M.-6:00 P.M. Sunday branch lobby hours are 11:00 A.M.-4:00 P.M., and drive-thru hours are 11:00
A.M.-4:00 P.M.
Extended branch lobby hours are 8:30 A.M.-5:00 P.M., Monday through Wednesday, and 8:30 A.M.-8:00 P.M., Thursday
and Friday. Extended drive-thru hours are 7:30 A.M.-8:00 P.M., Monday through Wednesday, and 7:30 A.M.-8:00 P.M.,
Thursday and Friday.
Levitt Companies is the parent company of Levitt and Sons, Core Communities and Levitt Commercial.
Levitt and Sons, America's oldest homebuilder and first to build planned suburban communities, currently develops
single-family homes in its active adult residential developments throughout Florida.
Core Communities develops master-planned communities in Florida, including its original and best-known, St. Lucie
West -- a 4,600-acre community with 4,000 built and occupied homes, 150 businesses employing 5,000 people and a
university campus. New master-planned developments include Westchester, now under development on Florida's Treasure
Coast in St. Lucie County, featuring 5,600 residences, a commercial town center and a world-class corporate park.
Levitt Commercial specializes in development, re-development, and joint venture opportunities in industrial and
retail properties.
In April 2002, Levitt Companies acquired a 40% ownership interest in Bluegreen Corporation (NYSE: BXG). Bluegreen
Corp. engages in the acquisition, development, marketing and sale of drive-to vacation resorts, golf communities
and residential land. The Company's resorts are located in a variety of popular vacation destinations including
Orlando, Florida; the Smoky Mountains of Tennessee; Myrtle Beach, South Carolina; Charleston, South Carolina; Branson,
Missouri; Wisconsin Dells, Wisconsin; Gordonsville, Virginia; Ridgedale, Missouri; Surfside, Florida; and Aruba,
while its land operations are predominantly located in the southeastern and southwestern United States.
Ryan, Beck & Co. is a full-service broker dealer engaging in underwriting, market-making, distribution, and
trading of equity and debt securities. The firm also provides money management services, general securities brokerage,
including financial planning for the individual investor, consulting and financial advisory services to financial
institutions and middle market companies. Ryan, Beck & Co. also provides independent research in the financial
institutions, energy, healthcare, technology, and consumer product industries. The firm's money management subsidiary,
Cumberland Advisors, Inc., supervises approximately $500 million in assets for individuals, institutions, retirement
plans, governmental entities and cash management portfolios.
Ryan, Beck & Co. recently acquired certain assets and related entities from Gruntal & Co., LLC, including
the acquisition of The GMS Group, LLC. The combined firm now has in excess of 600 retail account executives located
in offices nationwide.
For further information, please visit our websites:
www.BankAtlantic.com
www.LevittandSons.com www.CoreCommunities.com www.LevittCommercial.com
www.RyanBeck.com www.Cumber.com www.GMSgroup.com
To receive future news releases or announcements directly via email, please access the e-News banner on the Investor
Relations page at www.BankAtlantic.com .
BankAtlantic Bancorp Contact Info:
Investor Relations: Leo Hinkley, Tel: (954) 760-5317,
Fax: (954) 760-5415, or InvestorRelations@BankAtlantic.com .
Corporate Communications: Sharon Lyn, Tel: (954) 760-5402 or
CorpComm@BankAtlantic.com .
Public Relations for BankAtlantic: Boardroom Communications,
Tel: (954) 370-8999, Alison Steinberg: alison@boardroompr.com .
Source: BankAtlantic Bancorp, Inc.