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BANKATLANTIC COMMON STOCK APPRECIATES 1,592 PERCENT OVER 24 MONTHS

 FORT LAUDERDALE, Fla., Jan. 3 /PRNewswire/ -- For the second consecutive year, common shares of BankAtlantic, FSB (NASDAQ-NMS: ASAL) were among the top performers of Florida stocks listed on the New York and American stock exchanges and the National Association of Securities' Dealers national quotation system (NASDAQ) during 1993.
 BankAtlantic's common shares increased by 67 percent from its closing price of $8.25 at Dec. 31, 1992 to $13.75 on the last trading day of 1993.
 The company's stock performance during 1993 follows an increase of 915 percent registered during 1992 when the common stock increased from 81.3 cents per share to $8.25. In all, BankAtlantic common stock increased 1,592 percent from Jan. 1, 1992 to Dec. 31, 1993 (81.3 cents to $13.75).
 "We're delighted that an investment of $10,000 in BankAtlantic common stock made in January 1992 would today be worth $195,465, including reinvestment of cash and stock dividends during the period," said Alan B. Levan, chairman and chief executive officer of BankAtlantic.
 In 1992 BankAtlantic registered the highest percentage increase among all Florida-based banks and savings and loans, and in 1993 it was the third best performer among this group of 19 financial institutions.
 "Investors continue to react favorably to the positive earnings momentum that we have established, and they exhibit confidence in our ability to expand our core banking business," Levan said.
 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- 1/3/94
 /CONTACT: David Finkelman, Corporate Communications Department, BankAtlantic, 305-760-5317/
 (ASAL)


CO: BankAtlantic, FSB ST: Florida IN: FIN SU:

AW -- FL007 -- 8548 01/03/94 14:20 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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