BankAtlantic Announces over a Half Million New Deposit Account Openings; Convenience and Service Remain a Priority with Bank Customers.

FORT LAUDERDALE, Fla. -- BankAtlantic, "Florida's Most Convenient Bank," announced today that it has opened over 500,000 new checking and savings accounts since January 2002, including nearly 49,000 in the second quarter of 2005.

In 2002, BankAtlantic commenced its "Florida's Most Convenient Bank" initiative with an array of new services including seven-day banking, extended weekday hours, 24/7 live customer service, Totally Free Checking, free online banking, and dozens of additional products and services.

The following table provides comparative data on Total Bank Period-end Balances:

Total Bank
Period-end Balances

Annual, Year-over-Year
In Millions
-----------
                                        2004         2003      Change
                                        ----         ----      ------
Checking (DDA/NOW)                  $1,549.1     $1,179.2      + 31.4%
Savings                               $270.0       $209.0      + 29.2%
   Total                            $1,819.1     $1,388.2      + 31.0%

Quarterly, Year-over-Year
In Millions
-----------
                                       2Q'05        2Q'04      Change
                                       -----        -----      ------
Checking (DDA/NOW)                  $1,700.3     $1,372.6      + 23.9%
Savings                               $302.7       $251.2      + 20.5%
   Total                            $2,003.0     $1,623.8      + 23.4%

To view the accompanying press release graphs, click on the Second quarter, 2005 Graphs, or access the "Charts and Graphs" section at http://www.BankAtlanticBancorp.com and click on the "Press Room" navigation link.

BankAtlantic Chairman and CEO, Alan B. Levan, commented, "We are very pleased again this quarter. We have experienced considerable growth in the number of new checking and savings account openings, still exceeding our initial goals. Our 'Florida's Most Convenient Bank' promise continues to deliver superior customer service and convenience to our customers, beyond their expectations. In addition to the many products and services we provide, we are the only bank in Florida opened seven days a week, most holidays and extended weekday hours."

About BankAtlantic Bancorp:

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

About BankAtlantic:

BankAtlantic, "Florida's Most Convenient Bank" is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community stores throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic has 75 stores and operates more than 200 conveniently located ATMs. BankAtlantic is open 7 days a week and offers holiday hours, extended weekday hours, including several stores open until midnight, Totally Free Online Banking & Bill Pay, 24/7 Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift.

About Ryan Beck & Co.:

Founded in 1946, Ryan Beck & Co., Inc. provides financial advice and innovative solutions to individuals, institutions and corporate clients through the activities of approximately 1,100 employees in 39 offices located in 14 states. For individual investors, the firm's Private Client Group provides a full range of financial services, including investment consulting, retirement plans, insurance and investment advisory services. Institutional clients benefit from the market making, underwriting and distribution activities of the firm's experienced Capital Markets Group, which encompasses equity and fixed income trading and institutional sales as well as research. Through its Investment Banking Groups, Ryan Beck raises capital and provides financial advisory services to financial institutions, middle market companies and municipalities.

For further information, please visit our websites:

    http://www.BankAtlanticBancorp.com

    http://www.BankAtlantic.com

    http://www.RyanBeck.com

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    BankAtlantic, "Florida's Most Convenient Bank," Contact Info:
    Public Relations:
    Hattie Hess, Vice President, Public Relations
    Telephone: [phone], Fax: [phone]
    Email: [e-mail]

    Public Relations for BankAtlantic:
    Boardroom Communications
    Caren Berg
    Phone: [phone], Fax: [phone]
    Email: [e-mail]

    BankAtlantic Bancorp Contact Info:
    Donna Rouzeau,
    Assistant Vice President, Investor Relations & Corporate
    Communications
    Email: [e-mail]
    Leo Hinkley,
    Senior Vice President, Investor Relations
    Email: [e-mail]

    Phone: [phone], Fax: [phone]
    Mailing Address: BankAtlantic Bancorp, Investor Relations,
    2100 West Cypress Creek Road, Fort Lauderdale, FL 33309

Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. Future performance, including continued growth of new accounts, core deposits, and the success and profitability of seven-day banking and other growth initiatives, is subject to a number of risks and uncertainties, which are, in many instances, beyond the Company's control. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission. The Company cautions that the foregoing factors are not exclusive.