updated 3/17/2011 12:45:23 PM ET 2011-03-17T16:45:23

FORT LAUDERDALE, Fla., March 17, 2011 (GLOBE NEWSWIRE) -- BankAtlantic, Florida's Most Convenient Bank, announced today that it is very pleased to support the American Red Cross, Martin County Chapter's Second Annual Designers' Show House.

The Martin County Chapter's Second Annual Designers' Show House, located at 135 South River Road, Sewall's Point, will be open from March 19 through April 10, 2011. A Preview Party the evening of March 18, 2011 will offer guests a sneak-peek of the transformed riverfront home which showcases the work of nationally recognized designers. This year's chairmen include; Kathi Barry as design chairman of the event, and Laurie Goldstein, Kim Capen and Jack Hackenberg will serve as honorary chairmen.

The Martin County Chapter's Second Annual Designers' Show House is located in the exclusive Sewell's Point community and features a five bedroom, four and a half bath main house, plus a two bedroom detached guest house. A one-of-a-kind island feel is achieved with 147 feet of frontage on the St. Lucie River, deep porches and lush tropical landscaping.

"Building on the success of last year, we are proud to bring the community the Second Annual Red Cross Designers' Show House," said Kathi Barry, Design Chairman, 2011 Red Cross Designers' Show House. "A team of nationally recognized designers that will transform a 6,500 square foot riverfront home using unique furnishings, finishes and textures." 

The four-week event will be open to the public from 10:00 a.m. to 4:00 p.m., Mondays through Saturdays, and noon to 4:00 p.m. on Sundays. Tickets are $30 for general admission, and $75 for the Preview Party. For more information and sponsorship information, please contact Deidra Kinnaman at 772-287-2002, or via email at mcredcross@martinredcross.org.

Tickets will also be available at participating BankAtlantic and City Furniture locations. Participating BankAtlantic branches includes Tequesta and Hobe Sound, Port Salerno, Jensen Beach, St. Lucie West and Fort Pierce, Pt. St. Lucie and St. Lucie East, Jupiter (Abacoa), North Palm Beach and Palm Beach Gardens.

"Franklin D. Roosevelt first proclaimed March as Red Cross month in 1943, calling upon people to support the American Red Cross as it helps people prevent, prepare for, and respond to emergencies," commented Jarett Levan, CEO of BankAtlantic. "The American Red Cross celebrates the 68th Annual "March as Red Cross Month" by asking people to join them in their vital humanitarian mission – whether through volunteering their time, making a donation or taking a safety class, and BankAtlantic is very pleased to support the Martin County Chapter's Designers' Show House event."

About the American Red Cross: The American Red Cross, a humanitarian organization led by volunteers and guided by its Congressional Charter and the Fundamental Principles of the International Red Cross Movement, will provide relief to victims of disasters and help people prevent, prepare for, and respond to emergencies. Nationally, the Red Cross has been helping people for 130 years, responding to disasters, assisting members of the military, teaching lifesaving skills, and serving as one of the largest blood supplies in the United States. Since 1917, the American Red Cross Palm Beaches-Treasure Coast Region has served the local communities through disaster response, health and safety classes, youth programs, international tracing, community events, support of the Armed Forces, and volunteer training. For further information, please call the Martin County Chapter at (772) 287-2002, write 2750 South Kanner Highway, Stuart, FL 34994, or visit www.redcross-pbc.org/general.asp?SN=10037&OP=13329&IDCapitulo=5X5H6UJK1I

About BankAtlantic: BankAtlantic, Florida's Most Convenient Bank is one of the largest financial institutions headquartered in Florida. BankAtlantic was rated as having the "Highest in Customer Satisfaction in Florida for Retail Banking," based on the J.D. Power and Associates 2010 Retail Banking Satisfaction Study™. 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, Online Banking & Bill Pay, a 7-Day Customer Service Center, Change Exchange coin counters, as well as retail and business checking accounts. Member FDIC. For further information, please visit www.BankAtlantic.com.

BankAtlantic Bancorp (NYSE:BBX) is a bank holding company and the parent company of BankAtlantic. For further information, please visit: www.BankAtlanticBancorp.com .

The BankAtlantic logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8897.

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 could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. The Company cautions that the foregoing factors are not exclusive. Further, BankAtlantic received the highest numerical score among retail banks in Florida in the proprietary J.D. Power and Associates 2010 Retail Banking Satisfaction StudySM. Study based on 47,673 total responses measuring 9 providers in Florida and measures opinions of consumers with their primary banking provider. Proprietary study results are based on experiences and perceptions of consumers surveyed in January 2010. Your experiences may vary. Visit www.jdpower.com.

CONTACT: BankAtlantic Contact Info:
         Sharon Lyn, V.P. Media Relations:
         954-940-6383
         Email: CorpComm@BankAtlanticBancorp.com
         
         BankAtlantic Bancorp, Inc. Contact Info:
         Leo Hinkley, Investor and Media Relations Officer
         (954) 940-5300
         Email: InvestorRelations@BankAtlanticBancorp.com

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