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BANKATLANTIC OFFERS CDARS PROGRAM TO CUSTOMERS

“Florida’s Most Convenient Bank”
Gives Customers the Ability to Expand FDIC Insurance

FORT LAUDERDALE, FL – August 29, 2008 – In an effort to meet customer needs and provide its customers with the best products and services available, BankAtlantic has launched a new program giving depositors the ability to insure their money beyond standard FDIC coverage. CDARS – Certificate of Deposit Account Registry Service – can offer customers access to multi-million dollar FDIC insurance coverage up to $50 million, when they enter into the CDARS Deposit Placement Agreement, while earning attractive returns on their deposits.

CDARS is a national program, established in 2002, providing customers with hassle-free, time-saving convenience at no additional cost, while providing the comfort of eligibility for full FDIC coverage.

For additional information on the CDARS program visit www.BankAtlantic.com, call 877-948-2265, or visit a BankAtlantic store, open 7 days a week.

About BankAtlantic:
BankAtlantic, "Florida's Most Convenient Bank", with over $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

BankAtlantic, "Florida's Most Convenient Bank," Contact Info:
Public Relations:
Hattie Hess, Vice President, Public Relations
Telephone: 954-940-6383, Fax: 954-940-6310
Email: hhess@BankAtlantic.com

About BankAtlantic Bancorp:
BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic. For further information, visit www.BankAtlanticBancorp.com

BankAtlantic Bancorp Contact Info:
Investor Relations:
Phone: (954) 940-5300, Fax: (954) 940-5320
Email: InvestorRelations@BankAtlanticBancorp.com

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