ADVISORY/Levitt Corporation To Host Investor Luncheon Meeting in St. Louis.

Business Editors

ADVISORY...for Wednesday (Dec. 17)

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 11, 2003

Levitt Corporation, a subsidiary of BankAtlantic Bancorp, Inc. (NYSE:BBX), today announced its upcoming Investor Luncheon meeting in St. Louis, Missouri.

Seth Wise, Executive Vice President of Levitt Corporation, will give a corporate presentation discussing Levitt Corporation operations and the previously announced spin-off of Levitt, followed by a question and answer session.

The Investor Luncheon meeting will be held on Wednesday, December 17, 2003 from 12:00 noon to approximately 1:00 p.m. at The Marriott Pavilion Hotel, One South Broadway, St. Louis, Missouri. To RSVP, please call The Investor Connection at 1-888-977-9766.

Slide Presentation

-- The slide presentation will be available on Levitt

Corporation's website by clicking on the following link or by

typing the URL address

www.levittcorporation.com/investor/presentations/index.php

into your Internet browser.

-- In addition, the presentation can be accessed on BankAtlantic

Bancorp's Internet website by clicking on the following link

or by typing the URL address

www.bankatlanticbancorp.com/investor/presentations into your

Internet browser.

-- Copies of the presentation slides can also be received via

email, fax or the postal service by contacting Investor

Relations at the address provided at the end of this release.

Levitt Corporation, a subsidiary of BankAtlantic Bancorp (NYSE:BBX), is the parent company of Levitt and Sons(TM), Core Communities, and Levitt Commercial. Levitt Corporation and BankAtlantic Bancorp also hold an aggregate 40% ownership interest in Bluegreen Corporation. BankAtlantic Bancorp has announced plans to spin-off Levitt Corporation to shareholders at year-end, 2003.

Levitt and Sons(TM), America's first builder of planned suburban communities, is best known for creating New York's Levittown, Long Island and Levittown, PA. After building approximately 200,000 homes in over 74 years, Levitt and Sons(TM) currently develops single and multi-family homes for active adults and families throughout Florida.

Core Communities develops master-planned communities in Florida, including its original and best known, St. Lucie West. St. Lucie West, the fastest growing community on Florida's Treasure Coast for the last 7 years, is a 4,600-acre community with 4,000 built and occupied homes, 150 businesses employing 5,000 people and a university campus. Core Communities' newest master-planned community is "Tradition." Now under development on Florida's Treasure Coast in St. Lucie County, Tradition features 5,600 residences, a commercial town center and a world-class corporate park.

Levitt Commercial specializes in development, re-development, and joint venture opportunities in industrial and retail properties.

Bluegreen Corporation (NYSE:BXG) engages in the acquisition, development, marketing and sale of drive-to vacation resorts, golf communities and residential land. The Company's resorts are located in a variety of popular vacation destinations including the Smoky Mountains of Tennessee; Myrtle Beach and Charleston, South Carolina; Branson, Missouri; Wisconsin Dells and Gordonsville, Wisconsin; Aruba and throughout Florida. Bluegreen Corp.'s land operations are predominantly located in the Southeastern and Southwestern United States.

For further information, please visit our websites:

http://www.LevittCorporation.com http://www.LevittandSons.com http://www.CoreCommunities.com http://www.LevittCommercial.com

NOTE: To receive future news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button on http://www.LevittCorporation.com

About BankAtlantic Bancorp:

BankAtlantic Bancorp (NYSE:BBX) is a diversified financial services holding company and the parent company of BankAtlantic, Ryan Beck & Co., and Levitt Corporation. Through these subsidiaries, BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking, and real estate development.

For further information, please visit our websites:

http://www.BankAtlanticBancorp.com http://www.BankAtlantic.com http://www.RyanBeck.com

BankAtlantic Bancorp and Levitt Corporation Contact Info:

Investor Relations:

Contact: Leo Hinkley, Vice President

Phone: [phone]

Fax: [phone]

Email: [e-mail] or

[e-mail]

Mailing Address: BankAtlantic Bancorp, Investor Relations

1750 East Sunrise Blvd., Fort Lauderdale, FL 33304

Corporate Communications:

Sharon Lyn, Assistant Vice President

Phone: [phone]

Fax: [phone]

[e-mail]

Statements in this release may constitute forward-looking statements and are made pursuant to the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based largely on expectations and are subject to a number of risks and uncertainties affecting the Company, and other factors detailed in the Company's SEC filings.