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BANKATLANTIC STOCK SOARS 915 PERCENT IN 1992

 FORT LAUDERDALE, Fla., Jan. 4 /PRNewswire/ -- BankAtlantic (NASDAQ-NMS: ASAL) common stock, which trades on the NASDAQ National Market System under the ticker symbol ASAL, achieved the highest percentage gain in stock price in 1992 of any Florida-based banking organization, and the second highest percentage gain in stock price last year of any Florida company listed on the New York Stock Exchange, American Stock Exchange, or NASDAQ System, according to Associated Press. BankAtlantic ranked as 15th highest gainer on the list of approximately 7,000 public companies whose shares traded publicly in the U.S. in 1992. BankAtlantic common stock increased in price to 8 1/4 per share from 5/8 per share at the start of the year -- a 915 percent increase.
 "We are excited that 1992 marked a record year in terms of earnings for BankAtlantic," commented BankAtlantic Chairman Alan B. Levan. "We previously estimated that 1992 earnings will be at least $11 million, making it the best year in BankAtlantic's 40-year history.
 BankAtlantic is presently observing its 40th anniversary of providing quality banking services to residents and businesses in South Florida. With $1.3 billion in assets and 31 offices in Broward, Palm Beach and Dade counties, BankAtlantic is the largest independent, locally based financial institution serving South Florida exclusively.
 -0- 1/4/93
 /CONTACT: David Finkelman of BankAtlantic corporate communications department, 305-760-5317/
 (ASAL)


CO: BankAtlantic ST: Florida IN: FIN SU:

AW-JB -- FL010 -- 1402 01/04/93 15:50 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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