BankAtlantic to Sponsor CBS 4’s Neighbors 4 Neighbors

BankAtlantic (NYSE:BBX), Florida’s Most Convenient Bank, announced that is has become the official underwriter of CBS 4’s Neighbors 4 Neighbors.

“As one of Florida’s oldest and largest community banks, we believe it is our duty to serve and support the communities we live and work in and strive to improve the lives of families and individuals living within our neighborhoods. CBS 4’s Neighbors 4 Neighbors has a proven track record of successful results in South Florida and we are very proud to sponsor and support their efforts,” commented Jarett Levan, CEO of BankAtlantic.

Neighbors 4 Neighbors is a non-profit organization originally created in 1992 in the aftermath of Hurricane Andrew by WFOR-TV, CBS4. The relief effort, "Rebuilding: Neighbors Helping Neighbors," consisted of a 15-line phone bank, staffed 18 hours daily with volunteers and station personnel. News reporters and anchors broadcasting live from the phone bank would tell viewers to call the phone bank if they were storm victims in need of help or if they simply wanted to help. Special reports profiling affected families and volunteer efforts also served to motivate viewers into action. The response was overwhelming and the phone bank quickly became a useful tool in assisting those in crisis. As South Florida recovered, CBS4 management opted to continue Neighbors as part of its on-going community service program. Neighbors became an important resource for all individuals and families facing every day crises.

Neighbors 4 Neighbors has since operated as a 501(c)(3) non-profit organization funded through foundation grants, corporate donations and pro bono airtime, staff support and facilities and resources provided by CBS4 and its sister station My33 (formerly UPN33). With the power of television as one of its greatest assets, the organization expanded its services beyond hurricane relief and evolved into one of the most effective vehicles for connecting those in need with those who can help. Through the years, the organization has forged a strong relationship with community and business leaders willing to tackle difficult issues. Research of local television viewers has proved, year after year, that Neighbors 4 Neighbors is the most identifiable public service campaign in the Miami-Fort Lauderdale market and South Florida viewers respond to it in a remarkable way. Over the past eighteen years, Neighbors 4 Neighbors has generated many results and accomplishments including:

• Nearly 4 million calls have been logged in the phone bank

• More than $10 million in donations of cash, foods and services have gone to those in need

• Nearly 400,000 people have participated in the Neighbor's Adopt-A-Family for the Holidays program

• More than 300 local social service agencies receive direct support from Neighbors.

To learn more about Neighbors 4 Neighbors or to become involved, call (305) 597-4404, visit http://www.neighbors4neighbors.org/n4n/, or write Neighbors 4 Neighbors, 8900 NW 18th Terrace, Miami, Florida 33172.

About BankAtlantic: BankAtlantic, “Florida’s Most Convenient Bank”, is one of the largest financial institutions headquartered in Florida. Via its broad network of community branches, online banking division - BankAtlantic.com , and conveniently located ATMs, BankAtlantic provides a full line of personal, small business and commercial banking products and services. BankAtlantic is open 7 days a week with extended weekday hours, Free Online Banking & Bill Pay, a 7-Day Customer Service Center and Change Exchange coin counters.

BankAtlantic Bancorp (NYSE:BBX) is a bank holding company and the parent company of BankAtlantic.

Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). When used in this release, the word “expect” and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein and the Company cautions that the foregoing factors are not exclusive.