BankAtlantic Enhances its Cash Management Services with CashLinkWeb.

Business Editors

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 20, 2001

BankAtlantic, a subsidiary of BankAtlantic Bancorp (NYSE:BBX) today announced the enhancement of its Cash Management services with CashLinkWeb -- an Internet banking service that provides businesses with any array of convenient and secure Cash Management functions.

CashLinkWeb incorporates a majority of the functionalities of BankAtlantic's existing CustomerLink ACH and CashLink Windows' products, along with a number of new enhancements. The convenient online services offered through CashLinkWeb allows customers to effectively track and control the flow of funds through their organization. Customers find CashLinkWeb easy to use and BankAtlantic provides its clients with hands-on training.

Some of the features of CashLinkWeb include: prior-day and intra-day account reporting, data exchange for multi-bank balance and transaction reporting, electronic statement presentation for DDA Statements, Account Analysis Statements and EDI Translation reports, wire transfer origination (domestic and international), account transfers between BankAtlantic business accounts and automated clearing house (ACH) origination and stop payments all at the touch of a button and the convenience of a computer.

"Combining these traditional cash management services with the ease of Internet accessibility is a great way of providing our business clients the customized services they require and the convenience they need to manage and control their financial accounts from one single location, increasing the efficiency of the organization," said Tony Gautney, Senior Vice President and Manager of the bank's Cash Management department. "BankAtlantic is committed to finding new, convenient means of providing superior services to our clients and customers and CashLinkWeb is an outstanding resource to help us meet that commitment," he added.

Fundtech (Nasdaq:FNDT) provides client access to BankAtlantic's Cash Management services, including CashLinkWeb, Windows, and Fax, via its Fundtech Connect(TM) ASP service.

We are pleased to partner with BankAtlantic by providing them with the functionality of our ACCESS cash management solution, said Reuven Ben-Menachem, Chairman and CEO, Fundtech. With Fundtech Connect's cash management service BankAtlantic is able to deliver electronic access to its important commercial customers - corporate and small business alike.

About BankAtlantic Bancorp:

BankAtlantic Bancorp (NYSE:BBX) is a diversified financial services holding company and the parent company of BankAtlantic, Levitt Corporation and Ryan, Beck & 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 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 branches throughout Florida and its online banking division -- BankAtlantic.com.

For further information, please visit our websites:

http://www.BankAtlantic.com

http://www.LevittandSons.com

http://www.CoreCommunities.com

http://www.StLucieWest.com

http://www.LevittCommercial.com

http://www.RyanBeck.com

Note: 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 http://www.BankAtlantic.com.