BankAtlantic Bancorp Announces Second Quarter Earnings — Record Earnings Per Share —

Business Wire, July 24, 2001

on July 6, 2001."

-- "We retained Boardroom Communications to create and develop

business and consumer public relations for BankAtlantic Bancorp

and each of its subsidiaries."

-- "Our Annual Meeting of Shareholders was very successful and had

upwards of 400 attendees in total. Our First Annual Investor Expo,

which was held simultaneously with the Shareholders Meeting, was

received with very high praise and was an excellent opportunity to

promote all of our operations to shareholders, investors,

employees and the media. On the whole, we have been very pleased

with the results of our investor relations activities during the

first six months of the year. We have seen an appreciable increase

in shareholder value and trading volume and are encouraged by the

market's very positive response."

"The second quarter as well as the first half of the year has been very exciting and very productive. We have seen strong growth and we are optimistic that this will continue to be a year of substantial progress toward our goal of high performance profitability," Levan concluded.

Summary financial data are attached.

About BankAtlantic Bancorp: --------------------------

BankAtlantic Bancorp (NYSE:BBX) is a diversified financial services holding company and the parent company of BankAtlantic, Levitt Corporation and Ryan, Beck & Co. Through its subsidiaries, BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking, and real estate development. BankAtlantic 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 branches throughout Florida and its online banking division - BankAtlantic.com. Levitt Corporation is the parent company of Levitt and Sons, and Core Communities. Levitt and Sons, America's oldest homebuilder and first to build planned suburban communities, currently develops single-family homes in its active adult residential developments throughout Florida. Core Communities oversees operations at the St. Lucie West development, and is involved in developing new master planned communities in Florida. St. Lucie West has been the fastest growing community on Florida's Treasure Coast for the last 7 years. Ryan, Beck & Co. engages in underwriting, market making, distribution, and trading of equity and debt securities, money management and general securities brokerage, as well as consulting, research and financial advisory services to financial institutions and middle market companies.

For further information, please visit our websites: -------------------------------------------------- BankAtlantic at http://www.BankAtlantic.com Levitt and Sons at http://www.LevittandSons.com Core Communities and St. Lucie West at http://www.StLucieWest.com Ryan, Beck and Co. at http://www.RyanBeck.com

--Online banking products and services can be accessed directly through www.BankAtlantic.com.