INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION OF EXHIBIT
(a)(9) Press Release, dated September 29, 2000.
BankAtlantic Bancorp Announces Final Results
of Tender Offer for Debentures
BankAtlantic Bancorp, Inc. (NYSE: BBX) announced today the final
results of its previously announced tender offer for a portion of its
outstanding 5.625% Convertible Subordinated Debentures due 2007. The tender
offer was for up to $25 million in principal amount of the Debentures at a cash
purchase price of $730 per $1,000 principal amount. The tender offer commenced
August 30, 2000 and expired by its terms at 5:00 p.m. on September 28, 2000.
The Company accepted for purchase the maximum $25 million aggregate
principal amount of Debentures under the terms of the tender offer. Upon
expiration of the tender offer, approximately $45 million aggregate principal
amount of the Debentures had been validly tendered, and since this amount
exceeded the $25 million principal amount tendered for by the Company, all
tenders of the Debentures were prorated (at a ratio of approximately 56%) in
accordance with the terms of the tender offer. The Company repurchased $25
million principal amount of the Debentures earlier this year pursuant to a
tender offer which was completed in February 2000.
After acquisition of the Debentures pursuant to the tender offer, $49
million in aggregate principal amount of the Debentures remained outstanding.
The Debentures are traded on NASDAQ under the symbol "BANCH".
About BankAtlantic:
BankAtlantic, one of the largest financial institutions based in
Florida, currently operates 69 full-service branches in 18 Florida counties.
BankAtlantic also operates an ATM network nearing 800 ATM machines in Florida,
Georgia and Alabama, including convenient locations at Wal-Mart, Kmart, Carnival
Cruise Lines, Royal Caribbean/Celebrity Cruises, Exxon, Amoco, Shell, Texaco and
Mobil gas stations, and a variety of convenience stores, as well as Florida
Atlantic University. For further information about BankAtlantic, please visit
our website at: http://www.bankatlantic.com.
BankAtlantic Contact Info:
For investor information, please contact Leo Hinkley, Investor Relations, at
(954) 760-5317 or [email protected].
For media or press inquiries, please contact Sharon Lyn, Corporate
Communications, at (954) 760- 5402 or [email protected].
