BankAtlantic Bancorp of Fort Lauderdale, Fla., emphatically stated last week that it's not for sale - which came as a surprise because no one ever thought it was.

Alan B. Levan, the company's chairman and chief executive, made a point at the annual shareholders meeting of declaring the thrift's commitment to remaining independent. The company's board of directors even passed a resolution to that effect, stating that the thrift would continue to serve its customers as a stand-alone entity.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.