BankAtlantic Raises Reserve

CORAL GABLES, Fla. -- BankAtlantic, a Federal Savings Bank, said it has increased its loan-loss provision for the third quarter after an investigation of its consumer loan portfolio indicated fraud on the part of some contractors and borrowers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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