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BankAtlantic’s Commercial Lending Group Announces $6.3 Million Dollar Closing for Severn Jupiter, LLC

Fort Lauderdale, FL – April 23, 2007 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of a $6.3 million loan closing for Severn Jupiter, LLC.

The purpose of the loan is to finance the acquisition of a 2.029-acre parcel to be used for a mixed-use development apart of Riverwalk/Jupiter Inlet Village located at 1199 Love Street in Jupiter, Palm Beach County, Florida.

Contact Info:
Michael Rosenberg
BankAtlantic Commercial Lending Division
Tel: (561) 451-8719 X4

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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