BankAtlantic Bancorp Appoints Willis N. Holcombe To Its Board of Directors

    FORT LAUDERDALE, Fla., June 4 /PRNewswire-FirstCall/ -- BankAtlantic
 Bancorp (NYSE:   BBX), the parent company of BankAtlantic, Levitt Corporation,
 and Ryan Beck & Co., today announced the appointment of Willis N. Holcombe to
 its Board of Directors effective June 3, 2003.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20030414/BANKCORPLOGO )
     Dr. Holcombe, a veteran educator and education administrator, has served
 as President of Broward Community College for over 16 years.  His 36-year
 career has been dedicated to the field of higher education and learning.
 Among numerous professional affiliations, Dr. Holcombe is a member of the
 Florida Collegiate Consortium for International/Intercultural Education, the
 Steering Committee of statewide Council of Community College Presidents,
 Florida Association of Community Colleges, Florida Association of Colleges and
 Universities, Florida Distance Learning Institute, College Consortium of
 International Studies, and the Community College of the Air Force.  Dr.
 Holcombe's community activities include the United Way of Broward County, the
 Coordinating Council of Broward, Community Blood Centers of South Florida, the
 Executive Committee of the Board of Governors of the Greater Fort Lauderdale
 Chamber of Commerce, and the Broward Alliance.
     "We are extremely pleased that Will has agreed to become a member of the
 BankAtlantic Bancorp Board of Directors," said Alan B. Levan, Chairman and
 Chief Executive Officer.  "Will is extremely dedicated to the affairs and
 interests of South Florida's educational, civic, charitable and community
 service organizations."
     Dr. Holcombe attended undergraduate school at Baldwin-Wallace College in
 Ohio and received his master's and doctorate at the University of Florida.  He
 has been awarded numerous education and leadership honors throughout his
 career.  They include Torchbearer for the Atlanta Summer Olympics, the "Miami
 Herald Spirit of Excellence Charles Whited Award," "Leader of the Year Award"
 from Leadership Broward, "Honorary Doctorate of Humane Letters" from Nova
 Southeastern University, the "Silver Medallion Award" from the National
 Conference of Community and Justice, and the "President's Award for
 Professional Excellence" from the Florida Association of Community Colleges.
 
     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 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, "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
 180 conveniently located ATMs and offers extended hours.
 
     Seven-Day Branch Banking - Monday through Sunday
     Extended branch lobby hours are 8:30 am - 5:00 pm, 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
 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 Corporation is the parent company of Levitt and Sons, Core
 Communities, and Levitt Commercial.  Levitt Corporation also maintains a 40%
 ownership interest in Bluegreen Corporation.
     Levitt and Sons is America's oldest homebuilder and America's first
 builder of planned suburban communities, and is best known for creating New
 York's Levittown, Long Island and Levittown, PA.  After building approximately
 200,000 homes in over 74 years, Levitt and Sons 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.  St. Lucie West, the fastest
 growing community on Florida's Treasure Coast for the last 7 years, is a
 4,600-acre community with 4,000 built and occupied homes, 150 businesses
 employing 5,000 people and a university campus.  Core Communities' newest
 master-planned community is "Tradition."  Now under development on Florida's
 Treasure Coast in St. Lucie County, Tradition features 5,600 residences, a
 commercial town center and a world-class corporate park.
     Levitt Commercial specializes in development, re-development, and joint
 venture opportunities in industrial and retail properties.
     Bluegreen Corporation: Levitt Corporation has a 40% ownership interest in
 Bluegreen Corporation (NYSE:   BXG).  Bluegreen Corp. engages in the
 acquisition, development, marketing and sale of drive-to vacation resorts,
 golf communities and residential land.  The Company's resorts are located in a
 variety of popular vacation destinations including the Smoky Mountains of
 Tennessee; Myrtle Beach and Charleston, South Carolina; Branson, Missouri;
 Wisconsin Dells and Gordonsville, Wisconsin; Aruba and throughout Florida.
 Bluegreen Corp.'s land operations are predominantly located in the
 Southeastern and Southwestern United States.
 
     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, healthcare, technology, and consumer product
 industries.  Ryan Beck & Co. has in excess of 500 financial consultants
 located in 40 offices nationwide.
 
     For further information, please visit our websites:
      www.BankAtlanticBancorp.com
      www.BankAtlantic.com
      www.LevittandSons.com
      www.CoreCommunities.com
      www.LevittCommercial.com
      www.RyanBeck.com
      www.GMSgroup.com
 
     BankAtlantic Bancorp Contact Info:
 
     Investor Relations: Leo Hinkley, Phone: (954) 760-5317,
 Fax: (954) 760-5415 or InvestorRelations@BankAtlanticBancorp.com. Mailing
 Address: BankAtlantic Bancorp, Investor Relations, 1750 East Sunrise Blvd.,
 Fort Lauderdale, FL 33304
 
     Corporate Communications: Sharon Lyn, Phone: (954) 760-5402,
 Fax: (954) 760-5415 or CorpComm@BankAtlanticBancorp.com
 
     Statements in this release may constitute forward-looking statements and
 are made pursuant to the Safe Harbor Provision of the Private Securities and
 Litigation Reform Act of 1995.  Forward-looking statements are based largely
 on expectations and are subject to a number of risks and uncertainties
 including but not limited to the risks and uncertainties associated with
 economic, competitive and other factors affecting the Company and its
 operations, markets, products and services, risks and uncertainties associated
 with strategic and business initiatives and the potential benefits, as well as
 other factors detailed in the Company's SEC filings.
 
 

SOURCE BankAtlantic Bancorp, Inc.

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