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Your BankAtlantic deposits are FDIC-Insured

Press Release: BankAtlantic Offers Customers Three Levels of FDIC Insurance Coverage -- New!
FDIC Press Release on Emergency Economic Stabilization Act of 2008 -- New!
Summary of Deposit Insurance Coverage
FDIC coverage calculator

Be assured that the weakness in the financial markets in no way impacts the safety of your FDIC-insured deposits; all BankAtlantic deposit accounts are FDIC-insured up to the maximum amount allowed by law.

FOR ALL DEPOSIT ACCOUNTS UP TO $250,000:
On October 3, 2008, the FDIC temporarily increased insurance coverage from $100,000 to $250,000 per depositor through December 31, 2009. If you have up to $250,000 in a deposit account at BankAtlantic, you will be fully insured if your account meets certain requirements.

FOR NON-INTEREST BEARING DEMAND ACCOUNTS OVER $250,000:
On October 14, 2008, the FDIC announced that it will be providing full coverage of non-interest bearing accounts – regardless of dollar amounts. This new, temporary guarantee expires December 31, 2009.

Visit the FDIC website (www.fdic.gov/EDIE) or talk to a banking specialist at your neighborhood BankAtlantic to learn how to maximize FDIC coverage.

FOR CUSTOMERS WHOSE DEPOSITS EXCEED FDIC COVERAGE:
The CDARS® (Certificate of Deposit Account Registry Service) program is available at BankAtlantic, which offers customers access to multi-million dollar FDIC insurance on Certificate of Deposit balances – up to $50 million per customer – when they enter into the CDARS Deposit Placement Agreement.

The Federal Deposit Insurance Corporation (FDIC), an independent federal agency, protects depositors against the loss of their insured deposits. FDIC insurance is backed by the full faith and credit of the United States government.

FDIC insurance covers all types of deposits, including checking and savings accounts, Money Market accounts and time deposits, such as Certificates of Deposit (CDs).

The basic insurance amount coverage is $250,000 per depositor, per insured bank. Certain retirement accounts, such as Individual Retirement Accounts (IRAs), are insured up to $250,000 per depositor, per insured bank. You may qualify for more than the $250,000 coverage if you own accounts in different ownership categories.

FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the applicable insurance limit – including principal and any accrued interest through the date of the insured bank's closing.

Note: the FDIC insures deposits only; it does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if these investments were bought from an insured bank.

For more information, visit http://www.fdic.gov.

Information obtained online 10/15/08 from http://www.fdic.gov.


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