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BANKATLANTIC ANNOUNCES CASH DIVIDEND

    FORT LAUDERDALE, Fla., Aug. 13 /PRNewswire/ -- Alan B. Levan, chairman of the board and chief executive officer of BankAtlantic (NASDAQ-NMS: ASAL), announced that the institution's board of directors has declared a cash dividend in the amount of $0.06 per common share on its current outstanding common stock.  The dividend is payable on Sept. 3, 1993 to shareholders of record of common stock on Aug. 23, 1993.  BankAtlantic last paid a dividend on its common stock on Sept. 15, 1988, when a special cash dividend of $1.00 per share was paid to holders of BankAtlantic common stock.
    "BankAtlantic is pleased that its positive financial performance has made it possible for the institution to further enhance shareholder value through the payment of $0.06 per share dividend to holders of BankAtlantic common stock," Levan commented.
    For more than 41 years, BankAtlantic has provided quality banking services to residents, visitors and businesses in South Florida.  With $1.30 billion in assets and 31 full-service banking offices in Broward, Palm Beach and Dade counties, BankAtlantic today is the largest independent, community-based financial institution serving South Florida exclusively.
    -0-             08/13/93
    CONTACT:  David Finkelman, corporate communications department of BankAtlantic, 305-760-5317
    (ASAL) CO:  BANKATLANTIC, A FEDERAL SAVINGS BANK IN:  FIN SU:  DIV ST:  FL


-- FL004 -- X585 08/13/93
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Publication:PR Newswire
Date:Aug 13, 1993
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