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BANKATLANTIC ANNOUNCES QUARTERLY DIVIDEND

 FORT LAUDERDALE, Fla., Dec. 9 /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 Jan. 21 to shareholders of record of common stock on Jan. 5.
 "While the bank will make a determination on a quarterly basis in the future, it is currently anticipated the bank will declare dividends on a regular quarterly basis," Levan commented.
 This is the bank's second consecutive quarterly dividend. BankAtlantic paid a $0.06 per common share dividend on Sept. 3, 1993.
 For more than 41 years, BankAtlantic has provided quality banking services to residents, visitors and businesses in South Florida. With $1.3 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- 12/9/93
 /CONTACT: Alan B. Levan, corporate office, BankAtlantic, 305-760-5018/
 (ASAL)


CO: BankAtlantic ST: Florida IN: FIN SU: DIV

BN-RK -- FL004 -- 2226 12/09/93 13:00 EST
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Publication:PR Newswire
Date:Dec 9, 1993
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