BankAtlantic Launches the Flex Liquid Certificate of Deposit

BankAtlantic, Florida’s Most Convenient Bank^SM, today announced the launch of its Flex Liquid Certificate of Deposit (CD).

The Flex Liquid CD is a time deposit account that provides business customers with a higher rate of return and the flexibility of a savings account, plus the full protection of FDIC insurance - features vital in today’s economic environment. The seven-month Flex Liquid CD also empowers business customers with the ability to withdraw funds from the CD -- penalty free*.

"Fifty-seven years of business banking experience has taught us that tough times demands innovation and solutions. The Flex Liquid CD provides Florida businesses with a new tool to help navigate through this unchartered economy,” commented Jarett Levan, President and CEO of BankAtlantic. "With liquidity, interest earning power, and flexible, fast, easy access to funds, the Flex Liquid CD is an innovative financial solution for Florida’s business community.”

Highlights of the Flex Liquid CD:

Term: Seven Months. When the Flex Liquid CD matures and renews, it automatically renews into another seven-month Flex Liquid CD

Minimum to Open: $10,000. Funds may be new to the bank or transferred from an existing BankAtlantic account.

Maximum Deposit Amount to Open: Unlimited. (Deposits of BankAtlantic are insured up to the maximum amount as prescribed under applicable FDIC regulations).

Minimum Balance Requirement: $1,000.

Minimum Withdrawal Amount: $1,000.

Interest Calculation: Compounded daily.

The Flex Liquid CD allows business customers to make a qualified withdrawal* after the first seven business days and every seven business days thereafter without penalty (providing the amount withdrawn is re-invested in any BankAtlantic business deposit account). The Flex Liquid CD is designed for business customers and may not be established as an Individual Retirement Account (IRA) or a Keogh account.

For detailed information about the Flex Liquid CD, or further information about BankAtlantic’s selection of products, services and financial solutions specifically tailored for small business and commercial banking, please speak with a personal banker at any of our convenient neighborhood locations or visit us online at www.BankAtlantic.com.

*Specific conditions, limitations, restrictions and penalties apply. Please speak with a BankAtlantic personal banker to discuss withdrawal penalties and other limitations before investing in the Flex Liquid CD or other products and/or services offered by BankAtlantic.

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”), that involve substantial risks and uncertainties. These risks and uncertainties include, but are not limited to, not all customers may qualify for the Flex Liquid CD or other products or services. Specific conditions, limitations, restrictions and penalties are applicable including *the withdrawal penalty will be waived providing the withdrawal is made in accordance with the following conditions: (1) The withdrawal does not cause the CD balance to drop below the $1,000 minimum daily balance requirement, and (1) the withdrawal is made at least seven (7) business days after the issue date or date of prior withdrawal, and (2) the withdrawal is in an amount of at least $1,000 or more, and (3) the withdrawn funds are reinvested in a BankAtlantic Business deposit account. Any withdrawal not made in accordance with these conditions is subject to an early withdrawal penalty. This press release shall not constitute an offer or the solicitation of an offer to buy and/or invest in the Flex Liquid CD or other products and/or services offered by BankAtlantic. The Company cautions that the foregoing factors are not exclusive.