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BANKATLANTIC APPOINTS MARCIA BARRY-SMITH TO EXECUTIVE DIRECTOR OF THE BANKATLANTIC FOUNDATION

BANKATLANTIC APPOINTS MARCIA BARRY-SMITH TO EXECUTIVE DIRECTOR
OF THE BANKATLANTIC FOUNDATION

          FORT LAUDERDALE, FL. – June 9, 2009 -- BankAtlantic, Florida’s Most Convenient Bank, today announced the appointment of Marcia Barry-Smith to Executive Director of the BankAtlantic Foundation and Senior Vice President of Community Relations.
         In her new role, Ms. Barry-Smith will be responsible for managing all aspects of BankAtlantic Foundation’s efforts to assist charitable organizations and community groups requesting grants and various types of financial support from the Foundation. She will also manage the bank’s internal community outreach programs which facilitate employee volunteerism and civic involvement in not-for-profit organizations.
         Ms. Barry-Smith has served as Senior Vice President and CRA Officer of BankAtlantic’s CRA Lending Division from 1996 to present. In this role she manages residential mortgage loan originations, operations and compliance for the bank’s affordable housing program. Under her leadership in this area, the bank has received “outstanding” ratings from the Office of Thrift Supervision (OTS) for its service pertaining to the underserved through volunteerism and collaborative partnerships. She will continue to oversee this area.
         “I am delighted that Marcia has agreed to oversee this very important aspect of BankAtlantic’s unyielding commitment to excellence in community service through the BankAtlantic Foundation. I am confident that her strong leadership skills backed by her solid banking and community service experience will heighten the focus and effectiveness of the BankAtlantic Foundation programs and efforts,” said Jarett Levan, CEO and President of BankAtlantic.
         Ms. Barry-Smith’s career spans over 26 years in the banking and finance industry where her senior management experience and responsibilities range from corporate policies, procedures, operations and training to branch acquisition, loan servicing, loan origination and CRA lending and outreach.
         Marcia is a results-oriented individual whose track record speaks for it self. Her most recent service awards and recognitions include: the 2007 “Community Impact Award” from Freddie Mac and the CRA National Colloquium; Recipient of “Marcia Barry-Smith Day” Proclamation (September 27, 2007) by the City of Lauderhill, Florida; 2008 President’s Choice Award from St. John’s CDC – Miami Dade and the 2008 “Women’s Circle of Excellence Award from the Greater Fort Lauderdale Chamber of Commerce. She was recently selected by Success South Florida Magazine as one of the 25 Most Influential and Prominent Black Women in South Florida for 2009.  
         Marcia attended the University of Toronto – Trinity College where she majored in Sociology and minored in English. She serves on numerous boards including Miami Dade Affordable Housing Foundation; Crisis Housing Solutions; Palm Beach County Housing Partnership, Inc. and Women in Distress of Broward County.

About the BankAtlantic Foundation: Founded in 1994, the BankAtlantic Foundation’s mission is to enhance the quality of life in the Florida communities served by BankAtlantic. Working together to carry out the mission, the BankAtlantic Foundation and BankAtlantic associates give their time, talent, and resources to help children and families in need, provided arts and cultural exposure to the broader community, support education, and a wide scope of nonprofit organizations and charitable causes in support of our community. For information, please visit us at www.bankatlantic.com/bafoundation/

About BankAtlantic: BankAtlantic, “Florida’s Most Convenient Bank”, is one of the largest financial institutions headquartered in Florida. Via its broad network of community branches, online banking division - BankAtlantic.com, and conveniently located ATMs, BankAtlantic provides a full line of personal, small business and commercial banking products and services. BankAtlantic is open 7 days a week with extended weekday hours, Free Online Banking & Bill Pay, a 7-Day Customer Service Center and Change Exchange coin counters.

BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic.

BankAtlantic, Florida’s Most Convenient Bank, Contact Info:
Media Relations:
Sharon Lyn, V.P.
Telephone: 954-940-6383
Fax: 954-940-5320
Email: CorpComm@BankAtlanticBancorp.com

Public Relations for BankAtlantic:
Rbb Public Relations
Sandra Fine
Telephone: 305-567-0535, Fax: 305-448-5027
Email: sandra.fine@rbbpr.com

BankAtlantic Bancorp Investor Relations:
Leo Hinkley, SVP, Investor Relations Officer
Phone: 954-940-5300, Fax: 954-940-5320
Email: InvestorRelations@BankAtlanticBancorp.com

For Immediate Release

Media Contact:
Sandra Fine, rbb Public Relations
Phone: 305-567-0535 /Email: Sandra.Fine@rbbpr.com

Sharon Lyn or Leo Hinkley, BankAtlantic
Phone: 954-940-6383/Email: CorpComm@BankAtlanticBancorp.com

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Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve substantial risks and uncertainties. The Company cautions that the foregoing factors are not exclusive.

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