BankAtlantic Bancorp Inc. Receives Subpoena and Notice of Investigation from SEC

BankAtlantic Bancorp Inc. disclosed in its Form 10-Q filed November 10, 2008, that in October 2008, it received a subpoena and notice of investigation from the SEC’s Miami Regional Office. The subpoena requests “a broad range of documents relating to, among other matters, recent and pending litigation to which the Company is or was a party, certain of the Company’s non-performing, non-accrual and charged-off loans, the Company’s cost saving measures, BankAtlantic Bancorp’s recently formed asset workout subsidiary and any purchases or sale of the Company’s common stock by officers or directors of the Company.”

Read the BankAtlantic Bancorp Inc. Form 10-Q