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BankAtlantic’s Commercial Lending Group Announces $9.5 Million Closing for JCJ3, LLC in Jacksonville

Fort Lauderdale, FL, – December 7, 2006 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of a $9.5 million loan closing for JCJ3, LLC, a commercial real estate developer in Jacksonville.

The purpose of the loan is twofold. The first part is the modification, increase and renewal of an existing land loan. The second part is a construction loan for the creation of a 22-office suite complex, plus the development of three out-parcels. The project is located at International Golf Parkway in the World Commerce Center, a 933-acre mixed used development. Nearby is the master planned St. Johns Development (World Golf Village), home to the PGA’s World Golf Hall of Fame, with a planned build out of more than 7,000 homes.

Contact Info:
Mike Brown
BankAtlantic Commercial Lending Division
Jacksonville
Telephone: (904) 273-4246

About BankAtlantic:
BankAtlantic, "Florida's Most Convenient Bank", with $6 billion in assets and more than 80 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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