Tuesday, December 11, 2012

BBX Capital Announces Agreement With Bayview Loan Servicing LLC



Seth Wise
FORT LAUDERDALE, FL – Dec. 11, 2012 – – BBX Capital (NYSE: BBX), formerly BankAtlantic Bancorp, announced that it has entered into an agreement with Bayview Loan Servicing, LLC (“Bayview”).

  Bayview will provide customary mortgage loan servicing services with respect to certain commercial, residential and consumer loans and related REO owned by a subsidiary of BBX Capital.

 “We are pleased to be partnering with Bayview as we continue to build our investment portfolio,” said Seth Wise, president of BBX Capital Asset Management.  “The expertise of Baview’s executive team gives us the ability to maximize the value of our assets over the long term and focus on our core business.”

 BBX Capital has transitioned from a bank holding company into a diversified investment and asset management company. The business of BBX Capital includes real estate ownership, direct acquisition and joint venture equity in real estate, specialty finance, and the acquisition of controlling and non- controlling investments in operating businesses.   As of September 30, 2012, BBX Capital had total consolidated assets of approximately $488.4 million. 

 BBX Capital Contact Info:

Leo Hinkley, SVP,
Investor Relations Officer
Telephone: 954- 940-5300

 Media contact: Caren Berg,
 Boardroom Communications,
(954) 370-8999

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