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BankAtlantic’s Commercial Lending Group Announces a $10.6 Million Dollar Loan for Glades Road Self Storage, LLC

FOR IMMEDIATE RELEASE

Fort Lauderdale, FL – June 5, 2008 – BankAtlantic, Florida’s Most Convenient Bank, today announced a $10.6 million loan for Glades Road Self Storage, LLC.

The purpose of the loan is to provide funds to develop a self-storage facility. It will be situated on 8.8 acres of commercially zoned land that will be used to construct a 120,605 square-foot facility. The project is located at 20555 Boca Rio Road in Boca Raton, Florida.

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

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

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