BankAtlantic Bancorp Moves Into New Corporate Headquarters

Business Wire, Oct 18, 2005

FORT LAUDERDALE, Fla. -- BankAtlantic unveiled its new corporate headquarters located at 2100 West Cypress Creek Road in Fort Lauderdale, FL., at a gathering last month for customers, local politicians, and other community leaders.

"Moving into our beautiful, new corporate headquarters is exciting for all BankAtlantic Associates. The headquarters mimics the look, feel, and energy level of our branches. We have consolidated all administrative and support departments, customer service, training, and executive functions into one location, offering a technologically advanced and operationally efficient environment," commented Lloyd DeVaux, BankAtlantic Bancorp's Chief Operating Officer.

BankAtlantic Bancorp's new Corporate Center is home to approximately 700 associates, and features a variety of amenities including a full-service cafeteria serving a complete menu of breakfast and lunch entrees, and a full fitness center including cardio and weight-training equipment and an aerobics studio. Its contemporary office environment also offers pick up and delivery dry cleaning and shoe repair services, as well as a new "mom privacy". The new 180,000 square-foot Corporate Center is also equipped with a state of the art data center as well as redundant power and air handling systems.

About BankAtlantic:

BankAtlantic, "Florida's Most Convenient Bank" 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 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, please visit our website:

http://www.BankAtlantic.com

BankAtlantic, "Florida's Most Convenient Bank," Contact Info:

Public Relations:
Hattie Hess, Vice President, Public Relations
Telephone: (954) 940-6383, Fax: (954) 940-6310
Email: hhess@BankAtlantic.com

Public Relations for BankAtlantic:
Boardroom Communications
Caren Berg
Phone: (954) 370-8999, Fax: (954) 370-8892
Email: caren@boardroompr.com

Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission.