BankAtlantic’s Commercial Lending Group Announces $8.4 Million Dollar Closing for Summer Bay Partnership

Fort Lauderdale, FL – June 5, 2008 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of an $8.4 million loan closing for Summer Bay Partnership.

The purpose of the loan is for the acquisition of approximately 1,000 timeshare weeks and commercial space in the Sunset Cove at Marco Island Resort. The seven-story building features 36 three bedroom units with water views, pool, fitness center and boat dockage. The project is located at 571 W. Elkcam Circle, Marco Island, Collier County, Florida.

Contact Info:
Christopher Hynes
BankAtlantic Commercial Lending Division
Tel: (561) 451-8719 X2

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. BankAtlantic is open 7 days a week and offers holiday hours, extended weekday hours, Totally Free Online Banking & Bill Pay, a 7-Day Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift. BankAtlantic has been serving communities throughout Florida since 1952 and currently operates more than 250 conveniently located ATMs. The bank has supported thousands of charitable, civic and professional organizations since the inception of the BankAtlantic Foundation in 1994. 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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