BNET Industries

Last Fiscal Year Sales:$487.4M
  • Public
  • US
Dow Jones Description

BFC Financial Corporation is a diversified holding company that invests in and acquires private and public companies in different industries. BFC is typically a long-term, "buy and hold" investor whose direct and indirect, diverse ownership interests span a variety of business sectors, including consumer and commercial banking; brokerage and investment banking services; homebuilding; development of master-planned communities; the hospitality and leisure sector through the development, marketing and sales of vacation resorts on a time-share, vacation club model; the restaurant and family dining business; and real estate investment banking and investment services. BFC's current major holdings include Levitt Corporation, which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation; BankAtlantic Bancorp and its subsidiaries, BankAtlantic and Ryan Holdings, Inc.; a minority interest in the renowned national restaurant chain, Benihana, Inc., and Cypress Creek Capital, a wholly-owned subsidiary.

CFO & Executive Vice President
Glen R. Gilbert
Number of Employees 117
Contact Information

2100 West Cypress Creek Rd

Fort Lauderdale, Florida 33309

www.bfcfinancia...

(954) 940-4995

NAICS Code Offices of Other Holding Companies: 551112

Recent Events

  • BFC Financial to invest $30M in BankAtlantic

    9/24/09 - Merger / Acquisition - View Story

  • BankAtlantic raised $76M through offering

    9/30/09 - New Investment - View Story

  • BFC Financial, Woodbridge complete merger

    9/29/09 - Merger / Acquisition - View Story

  • BFC Financial Q2 losses widen

    8/11/09 - Merger / Acquisition - View Story

  • BFC Financial, Woodbridge to merge

    7/06/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Glen R. Gilbert CFO & Executive Vice President
Phil Bakes Executive Vice President

Board of Directors

Name (plus bio) Position
D. Keith Cobb Board of Directors
Earl Pertnoy Board of Directors
John E. Abdo Vice Chairman
Neil A. Sterling Board of Directors
Oscar J. Holzmann Board of Directors

Organization Position Status
BFC Financial Corporation CFO & Executive Vice President Current
BFC Financial Corporation CFO & Executive Vice President Current
Woodbridge Holdings Corporation Chief Financial Officer Former
Woodbridge Holdings Corporation Senior Executive Vice President & Secretary Former
KPMG International manager Former

Organization Position Status
Snapper Creek Equity Management, LLC Co-President Current
BFC Financial Corporation Executive Vice President Current
BFC Financial Corporation Managing Director Current
Far & Wide Travel Corp Chief Executive Officer Former
Woodbridge Holdings Corporation Chief Financial and Accounting Officer and Secretary Former
Far & Wide Travel Corp Co-Founder Former
Harvard Law Review Editor Former
Harvard Law School JD Former
Harvard Law School Degree Former

Organization Position Status
Bankatlantic Bancorp, Inc. Chairman Former
BFC Financial Corporation Board of Directors Current
Bankatlantic Bancorp, Inc. Director Current
Alliance Data Systems, Inc. Board of Directors Current
Farlie, Turner & Co. LLC Board of Directors Current
Alamo Rent-A-Car, LLC Chief Executive Officer Former
The Broward Public Library Foundation Chairman Former
The Community Foundation Chairman Former
Museum of Discovery and Science Chairman Former
Alamo Rent-A-Car, LLC Vice Chairman Former

Organization Position Status
BFC Financial Corporation Board of Directors Current

John E. Abdo has been the Vice Chairman of Woodbridge Holdings Corporation and its predecessors since its inception and of BFC Financial Corporation since 1993, while serving as a BFC board member since 1988. He has been the Vice Chairman of the Board of Directors and Chairman of the Executive Committee of BankAtlantic Bancorp, Inc. since 1987. He is also Vice Chairman of the Board of Directors of Bluegreen Corporation, and a member of the Board of Directors of Benihana, Inc. A successful real estate investor and developer in his own right, Mr. Abdo has made a career of developing residential communities as well as commercial structures throughout South Florida for more than 25 years. His company has built over 5,000 residences, which for a time made it one of the largest residential builders in Florida’s Broward County. Mr. Abdo has a wide range of contacts and experience in diverse industries. Mr. Abdo is the President of the Broward Performing Arts Foundation, a $60 million theater for the Performing Arts that serves all of South Florida and a member of the Board of Directors of PACA (Performing Arts Authority). He is a graduate of Florida State University.

Organization Position Status
Woodbridge Holdings Corporation Vice Chairman Current
BFC Financial Corporation Vice Chairman Current
Woodbridge Holdings Corporation Vice Chairman Current
Bluegreen Corporation Vice Chairman Current
Benihana Inc. Board of Directors Current
Paca, Inc. Board of Directors Current
Benihana Inc. Co-Chairman, Vice Chairman Current
Bankatlantic Bancorp, Inc. Vice Chairman Current
Performing Arts Limited President Former
Woodbridge Holdings Corporation President Former
Woodbridge Holdings Corporation Director Former
Bluegreen Corporation Board of Directors Former
Bankatlantic Vice Chairman Former
Bankatlantic Bancorp, Inc. Director Former
Florida State University Former
Benihana Inc. member Former

Neil Sterling has been director of the BFC Financial Corporation since 2003. Mr. Sterling has been the principal of The Sterling Resources Group, a business development-consulting firm in Fort Lauderdale, Florida, since 1998.

Organization Position Status
BFC Financial Corporation Board of Directors Current

Oscar Holzmann has been director of the BFC Financial Corporation since 2002. Mr. Holzmann has been an Associate Professor of Accounting at the University of Miami since 1980. He received his Ph.D. in Business Administration from Pennsylvania State University in 1974.

Organization Position Status
BFC Financial Corporation Board of Directors Current
The Pennsylvania State University Ph.D. in Business Administration Former
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