DATE OF
SUBSIDIARY NAME INCORPORATION BUSINESS PURPOSE
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SUBSIDIARIES OF BANKATLANTIC BANCORP, INC.
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BankAtlantic, A Federal Savings Bank February 1952 A federal savings bank that provides traditional retail
banking services.
ATM Services, Inc. May 1991 Inactive .
BBC Capital Trust 1 March 1997 A statutory business trust.
National Viatical Funding Corporation June 1997 Inactive .
BankAtlantic Bancorp Partners, Inc. May 1998 Inactive .
TSC Holding, Inc. November 1995 Invests in tax certificates.
Ryan Beck & Co., Inc. January 1965 Investment Bankers
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SUBSIDIARIES OF RYAN BECK & CO. INC.
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Ryan Beck Financial Corp. March 1983 Investment
Ryan Beck Insurance Services July 1988 Insurance Services
Ryan Beck Asset Sales, Inc. November 1988 Inactive
Cumberland Advisors, Inc. July 1993 Stock Brokers
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SUBSIDIARIES OF BANKATLANTIC, F.S.B.
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BANC Servicing Center, Inc. September 1995 Provides mortgage servicing and quality control services.
BankAtlantic Development Corporation December 1982 Invests in various real estate joint ventures that acquire,
develop, sell and lease real property.
BankAtlantic Factors, Inc. January 1997 Factors receivables.
BankAtlantic Holdings, Inc. May 1991 Operates ATM equipment and manages R.E.I.T.
BankAtlantic Leasing Inc., A Florida Corp. August 1989 Funded automobile leases.
BankAtlantic Mortgage Corporation December 1993 Mortgage Banking Operations
Fidelity Service Corporation October 1970 Custodial vehicle for mortgage documents and agreements in
connection with sales to FNMA.
Gateway Center, Inc. January 1994 Holds title of operations center.
Hammock Homes, Incorporated October 1990 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 1, Incorporated February 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 2, Incorporated February 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 3, Incorporated February 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 4, Incorporated February 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 7, Incorporated May 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 11, Incorporated May 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
BankAtlantic Mortgage Inc. May 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 13, Incorporated May 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 14, Incorporated May 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 15, Incorporated January 1990 Takes title, manages, and disposes of BankAtlantic's
foreclosures
Heartwood 16, Incorporated June 1992 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 18, Incorporated June 1992 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 19, Incorporated June 1992 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 20, Incorporated June 1992 Takes title, manages, and disposes of BankAtlantic's tax lien
acquisitions.
Heartwood 21, Incorporated February 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 87, Incorporated March 1987 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
-60F
DATE OF
SUBSIDIARY NAME INCORPORATION BUSINESS PURPOSE
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SUBSIDIARIES OF BANKATLANTIC, F.S.B. - (CONTINUED)
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Heartwood 88, Incorporated May 1988 Takes title, manages, and disposes of BankAtlantic's tax lien
acquisitions.
Heartwood 90, Incorporated November 1990 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 91, Incorporated January 1991 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 91-2, Incorporated July 1987 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood Holdings, Inc. July 1988 Real estate investment trust.
Leasing Technology, Inc. (LTI) July 1980 Lease financing of vehicles and equipment
Professional Valuation Services, Inc. October 1987 Originally formed for the purpose of preparing appraisals of
properties on a fee basis and currently receives commissions
from a broker-dealer on security sales at BankAtlantic
branches.
BNA Management and Acquisition
Services, Inc. February 1991 Inactive.
Heartwood 91-1, Incorporated February 1986 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 91-3, Incorporated December 1985 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
Heartwood 91-4, Incorporated January 1986 Takes title, manages, and disposes of BankAtlantic's
foreclosures.
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SUBSIDIARIES OF (LTI) LEASING TECHNOLOGY INC.
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LTI Aviation Finance Corp. April 1997 Financing of aviation equipment
LTI Vehicle Finance Corp. December 1997 Financing of motor vehicles
LTI Vehicle Leasing Corp. May 1987 Leasing of motor vehicles
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SUBSIDIARIES OF BANKATLANIC DEVELOPMENT CORPORATION
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BankAtlantic Venture Partners 1, Inc. December 1985 Invests in real estate joint ventures.
BankAtlantic Venture Partners 2, Inc. December 1986 Invests in real estate joint ventures.
BankAtlantic Venture Partners 3, Inc. December 1987 Invests in real estate joint ventures.
BankAtlantic Venture Partners 4, Inc. December 1987 Invests in real estate joint ventures.
BankAtlantic Venture Partners 5, Inc. December 1987 Invests in real estate joint ventures.
St. Lucie Farms, Inc. March 1998 Holds real estate.
St. Lucie Farmers, Inc. October 1998 Holds real estate.
Miami River Partners, Inc. May 1998 Invests in real estate joint ventures.
BankAtlantic Venture Partners 7, Inc. May 1998 Invests in real estate joint ventures.
BankAtlantic Venture Partners 8, Inc. May 1998 Invests in real estate joint ventures.
BankAtlantic Venture Partners 9, Inc. May 1998 Invests in real estate joint ventures.
BankAtlantic Venture Partners 10, Inc. May 1998 Invests in real estate joint ventures.
St. Lucie West Holding Corp. May 1996 To hold equity and debt securities in subsidiaries.
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SUBSIDIARIES OF ST. LUCIE WEST HOLDING CORP.
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St. Lucie West Development Corp. May 1996 Holds real estate.
St. Lucie West Realty, Inc. 1986 Sale of real estate
St. Lucie West Utilities, Inc. April 1986 Manages utilities.
Lake Charles Development Corp May 1996 Develops real estate.
All subsidiaries are incorporated in the State of Florida except for
BankAtlantic Holdings, Inc. which is a Nevada Corporation , BBC Capital Trust I,
which is a Delaware Corporation, Ryan Beck & Co. Inc., Ryan Beck Financial
Corp., Ryan Beck Insurance Services, Ryan Beck Asset Sales, Inc., and Cumberland
Advisors Inc., which are New Jersey Corporations, and BankAtlantic, A Federal
Savings Bank which is incorporated in the United States of America.