BankAtlantic’s VP, Market Manager, Sergio A. Pinto, Elected to the Board of Directors of the Deering Estate Foundation

FORT LAUDERDALE, FL. – February 22, 2010 – BankAtlantic, Florida’s Most Convenient Bank announced today that Mr. Sergio A. Pinto, BankAtlantic’s Vice President and Market Manager in Palmetto Bay, has been elected to the 2010 Board of Directors of the Deering Estate Foundation, Inc.

“The Deering Estate at Cutler has some of the highest quality and most diverse natural resources remaining in South Florida and is one of the few remaining Environmentally Endangered Lands in Miami-Dade County,” commented Chuck Mohr, BankAtlantic’s South Florida President and Regional Executive for Broward and Miami-Dade counties. “Preserving Florida’s heritage and biodiversity for the children of our community and the generations to come is vital, and we wish Sergio and the Board of the Deering Estate Foundation great success.”

The 444-acre Estate encompasses globally endangered pine rockland habitat, among the largest blocks of this ecosystem remaining in the United States, as well as coastal tropical hardwood rockland hammocks, mangrove forests, salt marshes, a coastal dune island and the submerged resources of Biscayne Bay. The Estate serves as an outdoor classroom and laboratory for students and scientists, featuring lush natural areas where fossil bones have been found and dated as far back at 50,000 years. The Deering Estate is also a cultural and educational facility that features classes and programs for children and adults, teacher training and research opportunities. The Estate also serves as a small conference center for community organizations and corporate groups who share Charles Deering’s interest in the environment, botany, history, fine arts, antiques, and rare books.

About The Deering Estate Foundation: Established in 1989, The Deering Estate Foundation, Inc. is a community-based charitable 501(c)3 Florida Corporation and the philanthropic arm of the Deering Estate at Cutler. Its Board of Directors, members and volunteers are made up of a diverse group of business and community leaders who are dedicated advocates of the Estate and active supporters of education, research, cultural arts, environmental conservation and historic preservation. The Foundations mission is to raise public awareness, outreach, understanding and the enjoyment of the Deering Estate at Cutler and to raise funds to support education, research, exhibits and collections and the conservation and restoration of the Estate’s natural and historical resources. For more information, to donate, or volunteer, please visit www.deeringestate.org, telephone 305-235-1668, or write Deering Estate at Cutler, 16701 SW 72 Ave., Miami FL 33157.

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 Telephone: 954-940-6383
Fax: 954-940-5320
Email: CorpComm@BankAtlanticBancorp.com

BankAtlantic Bancorp Contact Info:
Leo Hinkley, Media and Investor Relations Officer
Telephone: (954) 940-5300
Email: InvestorRelations@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”). Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein and the Company cautions that the foregoing factors are not exclusive.

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