BFC Financial Corp. Profile

BFC Financial Corporation operates as a diversified holding company with investments in companies engaged in retail and commercial banking, investment banking and brokerage, homebuilding, community development, and time share and vacation ownership.

It also holds interests in an Asian themed restaurant chain, and various real estate and venture capital investments.

The company’s principal holdings consist of direct controlling interests in BankAtlantic Bancorp, Inc.

and Levitt Corporation.

BankAtlantic Bancorp, a financial services holding company, owns BankAtlantic and Ryan Beck.

BankAtlantic serves as a federal savings bank, which provides traditional retail banking services, and various commercial banking products and related financial services.

As of December 31, 2004, it operated 74 branches, primarily in Miami-Dade, Broward, Palm Beach, Hillsborough, and Pinellas Counties in the State of Florida.

Ryan Beck serves as a broker-dealer that offers various investment and insurance products for retail and institutional clients.

As of December 31, 2004, it operated 39 offices in 14 states.

Levitt operates as a homebuilding and real estate development company with operations in Florida and in the Memphis, Tennessee area.

It develops primarily single-family home and communities, as well as commercial and industrial properties, and multifamily complexes.

In addition, BFC engages in the ownership and management of Burlington Manufacturers Outlet Center, a shopping center in North Carolina, which contains approximately 216,327 leaseable square feet.

The company is based in Fort Lauderdale, Florida.

 

 

 


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