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BankAtlantic’s Commercial Lending Group Announces $7.3 Million Dollar Closing for Ocean Pearl Investments, Inc.

Fort Lauderdale, FL, – December 27, 2004 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of a $7.3 million loan to Ocean Pearl Investments, Inc.

The loan is for the acquisition and construction financing of a ten-unit luxury ocean view townhouse development. The project, which will be called Ocean Pearl Estates, is located on the southwest corner of Briny Avenue and SE 6th Street in Pompano Beach, Florida.

Contact Info:
Amy Engelberg
BankAtlantic Commercial Lending Division
Boca Raton, FL
Telephone: (561) 451-8719

About BankAtlantic: BankAtlantic, “Florida’s Most Convenient Bank” is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community branches throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic has 74 branch locations and operates more than 200 conveniently located ATMs. BankAtlantic is open 7 days a week* and offers holiday hours, extended weekday hours including a Miami-Dade branch open until midnight, free online banking, Totally Free Change Exchange coin counters, 24/7 call center service and free retail and business checking with a free gift. Visit the BankAtlantic Web site for further information at BankAtlantic.com.

* A few locations have limited hours due to building restrictions.

Fort Lauderdale, FL, – December 27, 2004 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of a $7.3 million loan to Ocean Pearl Investments, Inc.

The loan is for the acquisition and construction financing of a ten-unit luxury ocean view townhouse development. The project, which will be called Ocean Pearl Estates, is located on the southwest corner of Briny Avenue and SE 6th Street in Pompano Beach, Florida.

Contact Info:
Amy Engelberg
BankAtlantic Commercial Lending Division
Boca Raton, FL
Telephone: (561) 451-8719

About BankAtlantic: BankAtlantic, “Florida’s Most Convenient Bank” is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community branches throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic has 74 branch locations and operates more than 200 conveniently located ATMs. BankAtlantic is open 7 days a week* and offers holiday hours, extended weekday hours including a Miami-Dade branch open until midnight, free online banking, Totally Free Change Exchange coin counters, 24/7 call center service and free retail and business checking with a free gift. Visit the BankAtlantic Web site for further information at BankAtlantic.com.

* A few locations have limited hours due to building restrictions.

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