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BankAtlantic Bancorp Appoints D. Keith Cobb To its Board of Directors

   BANKATLANTIC BANCORP APPOINTS D. KEITH COBB
BankAtlantic Bancorp appoints D. Keith Cobb to its board of directors. (PRNewsFoto)[AS]
FORT LAUDERDALE, FL USA
    FORT LAUDERDALE, Fla., Jan. 7 /PRNewswire-FirstCall/ --
BankAtlantic Bancorp (NYSE: BBX), the parent company of BankAtlantic, Levitt
Companies and Ryan Beck & Co., today announced the appointment of D. Keith
Cobb to its Board of Directors.
    In 2002, Mr. Cobb completed a six-year term as a member of the Board of
Directors of the Federal Reserve Bank of Atlanta, Miami Branch.  During his
32-year career with KPMG, Mr. Cobb held several senior leadership positions,
including National Managing Partner -- Financial Services and senior member of
the firm's Management Committee.  For the past several years, Mr. Cobb served
as a business consultant and strategic advisor to a number of companies.
Prior to that, he was Vice Chairman and Chief Executive Officer of Alamo Rent-
A-Car, Inc. until its sale in 1996.
    Mr. Cobb currently serves on the Boards of Directors of Chateau
Communities, Inc. (NYSE: CPJ), RHR International, Inc., CRA Investment Fund,
First Fleet Corporation, and Capitol Guaranty Corporation.
    "We are extremely pleased that Keith has joined the BankAtlantic Bancorp
Board," said Alan B. Levan, the company's Chairman and Chief Executive
Officer.  "Keith brings extensive management experience to the table, and we
anticipate that we will find his insight and guidance to be of significant
value to our Board."
    In addition to Mr. Cobb's professional accomplishments, he is also very
involved in several community organizations in South Florida.  Mr. Cobb
currently serves as a board member of the Broward Workshop, the United Way and
Nova Southeastern University School of Business and Entrepreneurship.  Mr.
Cobb's additional leadership roles have included serving as Chairman of
several public service organizations, including the Community Foundation of
Broward; the United Way of Broward County; the Museum of Discovery and
Science; and the Broward Public Library Foundation.
    Mr. Cobb graduated with honors from the University of Southern
Mississippi.

    About BankAtlantic Bancorp:
    BankAtlantic Bancorp (NYSE: BBX) is a diversified financial services
holding company and the parent company of BankAtlantic, Levitt Companies, and
Ryan Beck & Co. Through these 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 Bancorp is one of the largest financial institutions
headquartered in the State of Florida.
    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
branches throughout Florida and its online banking division --
BankAtlantic.com. BankAtlantic has 73 branch locations, operates more than 190
conveniently located ATMs and offers extended hours. Visit BankAtlantic's
Website for further information at http://www.BankAtlantic.com.

    Seven-Day Branch Banking -- Monday through Sunday.
    Extended branch lobby hours are 8:30 a.m. -- 5:00 p.m., Monday through
Wednesday, and 8:30 a.m. -- 8:00 p.m., Thursday and Friday.
    Extended drive-thru hours are 7:30 a.m. -- 8:00 p.m., Monday through
Wednesday, and 7:30 a.m. -- 8:00 p.m., Thursday and Friday. Saturday branch
lobby hours are 8:30 a.m. -- 3:00 p.m., and drive-thru hours are 7:30 a.m. --
6:00 p.m. Sunday branch lobby hours are 11:00 a.m. -- 4:00 p.m., and drive-
thru hours are 11:00 a.m. -- 4:00 p.m.

    Levitt Companies 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 and multi-family homes
for active adults and families throughout Florida.
    Core Communities develops master-planned communities in Florida, including
its original and best known, St. Lucie West -- a 4,600-acre community with
4,000 built and occupied homes, 150 businesses employing 5,000 people and a
university campus. New master-planned developments include Westchester, now
under development on Florida's Treasure Coast in St. Lucie County, featuring
5,600 residences, a commercial town center and a world-class corporate park.
    Ryan Beck & Co. is a full-service broker dealer engaging in underwriting,
market making, distribution, and trading of equity and debt securities. The
firm also provides money management services, general securities brokerage,
including financial planning for the individual investor, consulting and
financial advisory services to financial institutions and middle market
companies. Ryan Beck & Co. also provides independent research in the financial
institutions, energy, healthcare, technology, and consumer product industries.
Ryan Beck & Co. has in excess of 600 retail account executives located in 38
offices nationwide.

     For further information, please visit our websites:
     BankAtlantic: http://www.BankAtlantic.com
     Levitt and Sons: http://www.LevittandSons.com
     Core Communities: http://www.CoreCommunities.com
     Levitt Commercial: http://www.LevittCommercial.com
     Ryan Beck & Co.: http://www.RyanBeck.com
     Cumberland Advisors: http://www.Cumber.com
     GMS Group: http://www.GMSgroup.com

    If you would like to receive future news releases or announcements
directly via E-mail, please access the E-News banner on the Investor Relations
page at http://www.BankAtlantic.com.

     BankAtlantic Bancorp Contact Info:
     Investor Relations,
     Leo Hinkley
     Tel: (954) 760-5317
     InvestorRelations@BankAtlantic.com

     BankAtlantic Public Relations
     Hattie Harvey
     Tel: (954) 760-5383
     hharvey@BankAtlantic.com

     Boardroom Communications
     Caren Burg,
     Tel: (954) 370-8999
     caren@boardroompr.com


SOURCE BankAtlantic Bancorp, Inc.




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    CONTACT:
    Leo Hinkley, Investor Relations,
    +1-954-760-5317, or InvestorRelations@BankAtlantic.com, or Hattie
    Harvey, Public Relations, +1-954-760-5383, or
    hharvey@BankAtlantic.com, both for BankAtlantic Bancorp; or Caren
    Burg of Boardroom Communications, +1-954-370-8999, or
    caren@boardroompr.com, for BankAtlantic Bancorp