BankAtlantic Honored with Commissioner's Business Recognition Award for their Financial Literacy Program, Kid Power.

FORT LAUDERDALE, Fla. -- BankAtlantic, "Florida's Most Convenient Bank," announced today that it has been honored with the Commissioner's Business Recognition Award for their successful financial literacy program. The Kid Power program educates second and third graders about finance using integrated math skills, a critical component to their future financial success.

"The Florida Education Foundation and Florida Department of Education annually recognize businesses throughout the state that have demonstrated their commitment to improving education by partnering with schools in their community. BankAtlantic was nominated for this honor by the Nob Hill Elementary School, one of our partners in education," commented Jarett Levan, CEO of BankAtlantic. "We are very proud of this recognition by the education community statewide and particularly of the students, faculty and staff of the Nob Hill Elementary School."

Nob Hill Elementary School, located in Sunrise, Florida, and a recent winner of the Broward County School Board Award for Partnership of the Year, has been a participant of Kid Power and in-school banking, a segment of the Kid Power program. The bank-school partnership grew when BankAtlantic approached the school about expanding Kid Power. Kid Power is a hands-on experience where BankAtlantic colleagues volunteer their time at local elementary schools to help students understand the true value of money.

Over a three-week period students explore the fundamentals of banking and savings, learn how to balance and checking account, and understand how technology can make banking more convenient. At the end of the Kid Power experience, each student receives a certificate of achievement, the opportunity to open a Kid Power savings account, and a little more knowledge about our evolving financial world.

"It's an honor to recognize BankAtlantic as a top business partner for its continued commitment to Florida's education system," said Education Commissioner Dr. Eric J. Smith. "BankAtlantic has truly set the bar for community involvement in Broward County, and I look forward to many more years of continued gains with the help of our business partners."

About BankAtlantic: BankAtlantic, "Florida's Most Convenient Bank", is one of the largest financial institutions headquartered in Florida. Via its broad network of community branches, online banking division - BankAtlantic.com , and conveniently located ATMs, BankAtlantic provides a full line of personal, small business and commercial banking products and services. BankAtlantic is open 7 days a week with extended weekday hours, Free Online Banking & Bill Pay, a 7-Day Customer Service Center and Change Exchange coin counters.

BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic.

BankAtlantic, Florida's Most Convenient Bank, Contact Info:
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Sandra Fine
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BankAtlantic Bancorp Investor Relations:
Leo Hinkley, Investor Relations Officer, SVP
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Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein, and are subject to change based on factors 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.