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BankAtlantic Bancorp shareholder BFC Financial buys 323,848 shares
By Lisa Kerner
Charlotte, N.C., Dec. 17 - BFC Financial Corp. bought 323,848 shares of BankAtlantic Bancorp, Inc.'s class A common stock between Dec. 2 and Dec. 11 in the open market for a total of about $1.13 million.
With the purchase, BFC Financial beneficially owns 2,389,697 shares, or 23.2%, of the Fort Lauderdale, Fla.-based bank holding company, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.
Alan B. Levan is chairman and chief executive officer of both BFC Financial, a public investment firm, and BankAtlantic.
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