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BankAtlantic’s Commercial Lending Group Announces a $5 Million Dollar Loan for San Jose Development, LLC

Fort Lauderdale, FL – June 5, 2008 – BankAtlantic, Florida’s Most Convenient Bank, today announced a $5 million loan for San Jose Development, LLC.

The purpose of the loan is for the acquisition and renovation of a 90-unit apartment complex called Castille at San Jose. It is located at 6701 St. Augustine Road in Jacksonville, Duval County, Florida.

Contact Info:
Mike Brown
BankAtlantic Commercial Lending Division
Tel: (904) 273-4246

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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