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Crown Equity Holdings Inc., (CRWE)
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BankAtlantic completed the sale of its 19 Tampa branches and related deposits to PNC Bank, N.A. ("PNC") in June 2011. The transaction, which included the assumption by PNC of $324.3 million in deposits and resulted in a net reduction of assets for BankAtlantic of $285.1 million (no loans were sold in this transaction), resulted in a gain of $38.7 million.