Watching the screens in his office Monday afternoon, Jasper R. Eanes, chief financial officer of BankAtlantic Bancorp, could only shake his head as proceeds from a planned three-million-share offering began to evaporate.

Its value fell by $2 million, $3 million, then finally $4.5 million as shares of the Fort Lauderdale, Fla.-based company slid 11%, to $13.125.

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