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Bankers are pressing ahead with sales of nonperforming commercial loans, and debt collectors are buying them up, even though regulatory pressure has slowed or halted the unloading of bad consumer loans.
August 7 -
The company's post-BankAtlantic strategy became clearer this week. It is buying a Florida company that serves the vacation and retirement crowd.
November 15 -
Capital Funding Group in Baltimore is selling its CFG bank unit after four years of ownership to concentrate on the less-regulated field of health-care financing. It joins a wave of firms that are streamlining themselves in the face of Basel III and other regulations.
November 6 -
BankAtlantic's former parent is officially no longer regulated as a financial holding company. The Fed released BFC Financial and affiliate BBX Capital from being registered as a thrift holding company.
September 7 -
BB&T (BBT) in Winston-Salem, N.C., said Tuesday that it has completed its acquisition of BankAtlantic in Fort Lauderdale, Fla., after it received final approvals from the Federal Reserve Board and the Federal Deposit Insurance Corp.
July 31
The former owners of BankAtlantic are pairing sweets with their soured assets.
On Tuesday, BBX Capital (BBX) in Fort Lauderdale, Fla., announced it acquired Hoffman's Chocolates, a 40-year-old confection company in Lake Worth. Hoffman's is a popular tourist attraction throughout Florida and is known for its elaborate December holiday displays, BBX said in a
"Hoffman's Chocolates is a Florida success story that is built on a legacy of quality and service," Jarett Levan, the president of BBX Capital, said in a press release.
BBX was once the largest shareholder in the $3.8 billion-asset BankAtlantic.
BBX now describes itself as an investor in, and manager of, real estate and related assets and businesses. It has a 46%
