Bank Atlantic Bancorp Inc., Ft. Lauderdale, a residential and commercial lender, has laid off 225 employees, or about 8% of its workforce.The cuts came earlier in the week. According to the Quarterly Data Report, the federally insured depository ranked 83rd among residential servicers in the fourth quarter. The staff reduction affected jobs at the bank's headquarters, branches, and call centers. The Florida residential real estate market -- particularly the condo market -- has been among the hardest hit in the current downturn.
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