The parent of BankAtlantic, a savings bank that operates about 60 branch offices, intends to use part of the net proceeds to finance a portion of the Community Savings Bankshares acquisition, a deal announced last month.
BankAtlantic Bancorp also operates Levitt Corp., which operates subsidiaries involved in the development of mixed-use residential, commercial and industrial communities; and Ryan, Beck & Co., an investment banking, brokerage and investment management company.
The filing comes as the company's publicly traded shares closed down nine cents Monday at $9.09 on volume of 175,800. The issue has traded as high as $11.25 and as low as $3.50 over the past 52 weeks.
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