BankAtlantic Bancorp in Fort Lauderdale, Fla., agreed to acquire a West Palm Beach, Fla., leasing and finance company for $9.3 million.
Leasing Technology Inc. originated $20 million in leases in 1997. It specializes in leasing trucks and manufacturing and construction equipment to small and midsize businesses.
Its president, Anthony Graham, said he expects marketing to the thrift's customers will help the company lease more than $30 million worth of equipment this year.
Leasing Technology would retain its name and operate as an independent subsidiary of $3.1 billion-asset BankAtlantic. The deal is expected to close this month.