BankAtlantic’s Commercial Lending Group Announces $2.4 Million Dollar Closing for Enchanted Groves, LLC

Fort Lauderdale, FL – January 24, 2008 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of a $2.447 million loan closing for Enchanted Groves, LLC.

The purpose of the loan is to refinance existing debt on a manufactured home community and provide funds to acquire and/or install 30 manufactured homes. The project includes 20 acres of land improved with 147 manufactured home/recreational vehicle lots. It is located at 5137 North Scenic Highway, Lakes Wales, FL.

Contact Info:
Michael S. Rosenberg
BankAtlantic Commercial Lending Division
Tel: (561) 451-8719 X4

About BankAtlantic:
BankAtlantic, "Florida's Most Convenient Bank", with $6 billion in assets and more than 100 stores is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community stores throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic operates more than 250 conveniently located ATMs. BankAtlantic is open 7 days a week* and offers holiday hours, extended weekday hours, Totally Free Online Banking & Bill Pay, 7-Day Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift. For further information visit www.BankAtlantic.com

* A few locations have limited 7 Day Banking due to building restrictions.

Contacts:
Hattie Hess, BankAtlantic, (954) 940-6383, hhess@bankatlantic.com
Caren Berg, Boardroom Communications, 954-370-8999, cberg@boardroompr.com

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