ADVISORY/BankAtlantic Bancorp Announces Its Annual Meeting of Shareholders and Investor Exposition.

Business Editors

ADVISORY...for Wednesday (May 23)

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 16, 2001

BankAtlantic Bancorp, Inc. (NYSE:BBX), the parent company of BankAtlantic, Levitt Corporation and Ryan, Beck and Co., announced today that May 23, 2001 has been established as the date of its Annual Meeting of Shareholders. In conjunction with the Annual Meeting, BankAtlantic Bancorp will also hold an Investor Exposition presenting exhibits of its subsidiaries.

"We are very pleased to hold our Investor Expo in connection with our Annual Meeting of Shareholders," said Alan B. Levan, Chairman and Chief Executive Officer of BankAtlantic. "We believe the information provided at the exhibits will offer shareholders and investors a uniquely hands on opportunity to learn about our firm and all of its components."

The Annual Meeting and Investor Exposition will be held at The Westin Hotel, Cypress Creek, 400 Corporate Way, Fort Lauderdale, Florida. The exhibits will open at 11:30 a.m. and the Annual Meeting of Shareholders will commence at 1:00 p.m. A complimentary buffet lunch will be available. To RSVP, please contact Mary Mills at [phone].

ABOUT BANKATLANTIC:

BankAtlantic Bancorp (NYSE:BBX) is a diversified financial services holding company and the parent company of BankAtlantic, Levitt Corporation and Ryan, Beck and Co. Through its subsidiaries, BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking, and real estate development. BankAtlantic, one of the largest financial institutions headquartered in Florida, provides a comprehensive offering of banking services and products via its broad network of community branches throughout Florida. Levitt Corporation, which includes Levitt and Sons and St. Lucie West, was America's first builder of planned suburban communities and is best known for creating New York's Levittown on Long Island and Levittown, PA. After building more than 200,000 homes over 72 years, the Levitt tradition continues with residential developments throughout Florida. St. Lucie West has been the fastest growing community on Florida's Treasure Coast for the last 5 years. Ryan, Beck and Co. engages in underwriting, market making, distribution, and trading of equity and debt securities, money management and general securities brokerage, as well as consulting, research and financial advisory services to financial institutions and middle market companies.

For further information, please visit our websites: BankAtlantic at www.BankAtlantic.com, Levitt and Sons at www.LevittandSons.com, Ryan, Beck and Co. at www.RyanBeck.com, St. Lucie West at www.StLucieWest.com.

Note: BankAtlantic is pleased to announce its new email broadcast service -- "e-News." If you would like to receive future news releases or announcements directly via email, please access the e-News banner on the Investor Relations page at www.BankAtlantic.com.