BankAtlantic Awarded for Outstanding Web Design in 2010

Florida’s Most Convenient Bank^SM Recognized at Several Internationally Acclaimed Award Competitions

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--BankAtlantic, one of the largest financial institutions headquartered in Florida, received numerous international honors in 2010 for superior Web design and development at internationally acclaimed award competitions across the country. Due to BankAtlantic’s cutting-edge and innovative Web initiatives, the banking leader was honored at some of the world’s most prestigious ceremonies, including: The Interactive Media Awards (IMAs), The WebAwards and The Internet Advertising Competition (IAC).

“None of this would have been possible without the commitment and creativity of our marketing team. As a bank, we are constantly working to enhance our Web experience so our customers can conduct their business online in an efficient and effective manner.”

“BankAtlantic is extremely proud of this international recognition for our Web design,” said Jarett Levan, CEO of BankAtlantic. “None of this would have been possible without the commitment and creativity of our marketing team. As a bank, we are constantly working to enhance our Web experience so our customers can conduct their business online in an efficient and effective manner.”

Commenting further on what this means for BankAtlantic was Thomas Triozzi, SVP and Director of Marketing at BankAtlantic. “Our team is constantly going above and beyond what it takes to provide a superior online experience for our customers,” said Mr. Triozzi. “We strive to make our websites seamless and intuitive so that users can find what they need and navigate along quickly. We are very proud of these recognitions.”

Awards won by BankAtlantic for exceptional Web design in 2010 include:

• Outstanding Achievement Award in “Blog” for the BankAtlantic Blog Redesign, 2010 Interactive Media Awards (IMAs)
• Outstanding Achievement Award in “Financial Information” for the BankAtlantic Blog Redesign, 2010 Interactive Media Awards (IMAs)

• Standard of Excellence Award for BankAtlantic’s Online Newsletters, 2010 WebAwards
• Best Bank Online Campaign Award for the BankAtlantic Online Newsletter, 2010 Internet Advertising Competition (IAC)

To learn more about BankAtlantic’s online initiatives, please visit:

www.BankAtlantic.com, www.facebook.com/pages/BankAtlantic, www.twitter.com/BankAtlantic, www.youtube.com/BankAtlantic, www.floridabankblog.com/ and www.bankatlantic.com/VideoRoom.

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 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 and offers extended weekday hours, holiday hours, Online Banking & Bill Pay, a 7-Day Customer Service Center, Change Exchange coin counters, as well as retail and business checking accounts. To learn more about BankAtlantic’s products and services, please visit: www.BankAtlantic.com.

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. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein.