Florida based BankAtlantic cuts 100 jobs

Fort Lauderdale-based BankAtlantic cut 100 people from its workforce of roughly 1,600, citing uncertainty over the economy and the impact of the new financial overhaul law.

Bank President Jarett S. Levan said BankAtlantic remains “well-capitalized” in regulatory terms. Management took the action to be conservative while Florida’s economy lags other areas of the country, he said.