BFC Financial Corp – ‘S-1’ on 2/12/99 – EX-25

As of:  Friday, 2/12/99   ·   Accession #:  950170-99-176   ·   File #:  333-72213

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Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)                162   1.03M 
 2: EX-12       Statement re: Computation of Ratios                    1      6K 
 3: EX-23.2     Consent of Experts or Counsel                          1      5K 
 4: EX-25       Statement re: Eligibility of Trustee                   4     12K 

EX-25   —   Statement re: Eligibility of Trustee

EX-25
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                                                                      EXHIBIT 25

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

----------

FORM T-1

Statement of Eligibility Under the
Trust Indenture Act of 1939 of a Corporation
Designated to Act as Trustee

U.S. BANK TRUST NATIONAL ASSOCIATION
 (Exact name of Trustee as specified in its charter)

United States                                              41-0257700 
(State of Incorporation)                                      (I.R.S. Employer  
                                                             Identification No.)

U.S. Bank Trust Center                                          
180 East Fifth Street                                           
 St. Paul, Minnesota                                       55101
(Address of Principal Executive Offices)                         (Zip Code)     

 BFC FINANCIAL CORPORATION
(Exact name of Registrant as specified in its charter)

  Florida                                                 59-2022148
(State of Incorporation)                                      (I.R.S. Employer  
                                                             Identification No.)

1750 E. Sunrise Boulevard                                       
Ft. Lauderdale, Florida                                    33304
(Address of Principal Executive Offices)                         (Zip Code)     

__% SUBORDINATED DEBENTURES DUE 2009
 (Title of the Indenture Securities)

EX-25
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 GENERAL

1.    GENERAL INFORMATION Furnish the following information as to the Trustee.  

    (a) Name and address of each examining or supervising authority to which
it is subject.                                              
Comptroller of the Currency                       
Washington, D.C.                                  

(b) Whether it is authorized to exercise corporate trust powers.    
Yes                                               

2.    AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS If the obligor or any          
     underwriter for the obligor is an affiliate of the Trustee, describe each
such affiliation.                                                   
None                                              

See Note following Item 16.                                         

Items 3-15 are not applicable because to the best of the Trustee's  
     knowledge the obligor is not in default under any Indenture for which the
Trustee acts as Trustee.                                            

16.   LIST OF EXHIBITS List below all exhibits filed as a part of this statement
of eligibility and qualification.                                   

1.   Copy of Articles of Association.*                              

2.   Copy of Certificate of Authority to Commence Business.*        

3.   Authorization of the Trustee to exercise corporate trust powers
(included in Exhibits 1 and 2; no separate instrument).*  

4.   Copy of existing By-Laws.*                                     

5.   Copy of each Indenture referred to in Item 4. N/A.             

   6.   The consents of the Trustee required by Section 321(b) of the act.

7.   Copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or examining 
    authority is incorporated by reference to Registration Number 333-70709.

* Incorporated by reference to Registration Number 22-27000.        

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NOTE

    The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three  
years prior to the date of filing this statement, or what persons are owners of 
10% or more of the voting securities of the obligors, or affiliates, are based  
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any   
responsibility therefor.                                                        

 SIGNATURE

    Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, U.S. Bank Trust National Association, an Association organized and     
existing under the laws of the United States, has duly caused this statement of 
eligibility and qualification to be signed on its behalf by the undersigned,    
thereunto duly authorized, and its seal to be hereunto affixed and attested, all
in the City of Saint Paul and State of Minnesota on the 9th day of February,    
1999.                                                                           

                            U.S. BANK TRUST NATIONAL ASSOCIATION

             /S/ S. CHRISTOPHERSON
                                   -------------------------------------------
         S. Christopherson
      Vice President

/S/ JUDITH M. ZUZEK                                                             
-------------------                                                             
Judith M. Zuzek                                                                 
Assistant Secretary                                                             

EX-25
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 EXHIBIT 6

 CONSENT

     In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK TRUST NATIONAL ASSOCIATION hereby consents that      
reports of examination of the undersigned by Federal, State, Territorial or     
District authorities may be furnished by such authorities to the Securities and 
Exchange Commission upon its request therefor.                                  

Dated:  February 9, 1999                                                        

                            U.S. BANK TRUST NATIONAL ASSOCIATION

             /S/ S. CHRISTOPHERSON
                                   -------------------------------------------
         S. Christopherson
      Vice President

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘S-1’ Filing		Date		First		Last			Other Filings
Filed on:		2/12/99							None on these Dates
		2/9/99		4
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