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BankAtlantic’s Commercial Lending Group Announces $12 Million Dollar Closing for Eastland Development, LLC

Fort Lauderdale, FL, – February 15, 2006 – BankAtlantic, Florida’s Most Convenient Bank, today announced the completion of a $12 million loan closing for Eastland Development, LLC.

The loan is for the construction of a 111-unit condo office project called Bartram Park, located in Jacksonville, Duval County, Florida.

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

About BankAtlantic:
BankAtlantic, "Florida's Most Convenient Bank", with $6 billion in assets and 78 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 has 78 stores and operates more than 200 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 Branch Banking due to building restrictions.

Contacts:
Hattie Hess, BankAtlantic, 954-940-6383, hhess@bankatlantic.com
Caren Berg, Boardroom Communications, 954-370-8999, caren@boardroompr.com.

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