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BankAtlantic’s Commercial Lending Group Announces $3.5 Million Dollar Closing for Shoppes at Torino, LLC

Fort Lauderdale, FL – May 16, 2007 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of a $3.5 million loan closing for Shoppes at Torino, LLC. The purpose of the loan is to finance the acquisition of 9.08 acres of land located at the southeast corner of Old Inlet Drive and N.W. Cashmere Boulevard in Port St Lucie, Florida. The borrower’s ultimate plan is to develop the site into a 108,204 square foot mixed use project consisting of five buildings -- two 2-story buildings and three of 3-story buildings. The first floors of all the buildings will be developed into a total of 38,526 square feet of retail space which will be for lease. The second and third floors will be developed into 69,678 square feet of “Class A” office condo space which will be for sale. The project is located at the southeast corner of Old Inlet Drive and N.W. Cashmere Boulevard in Port St Lucie, Florida.

Contact Info:
Anthony Vieux
BankAtlantic Commercial Lending Division
Tel: (561) 451-8719 X3

About BankAtlantic:
BankAtlantic, "Florida's Most Convenient Bank", with $6 billion in assets and more than 90 stores 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 stores throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic operates more than 250 conveniently located ATMs. BankAtlantic is open 7 days a week* and offers holiday hours, extended weekday hours, including several stores open until midnight, Totally Free Online Banking & Bill Pay, 24/7 Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift. 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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