updated 3/21/2011 2:17:12 PM ET 2011-03-21T18:17:12

FORT LAUDERDALE, Fla., March 21, 2011 (GLOBE NEWSWIRE) -- BankAtlantic, Florida's Most Convenient Bank, announced today that in conjunction with the upcoming 12th Annual O.J. McDuffie Spring Celebrity Golf Classic, it will be sponsoring the VIP Reception on April 1, 2011 at the Signature Grand.

Professional athletes and celebrities are teeing up for the South Florida charity golf event of the year. The 12th Annual O.J. McDuffie Spring Celebrity Golf Classic will take place on April 2, 2011 at the Inverrary Country Club in Lauderhill, Florida. The VIP Reception, sponsored by BankAtlantic, will take place the prior evening on April 1, 2011 at the Signature Grand, 6900 State Road 84, Davie, FL.

Tickets to the VIP Reception are available to purchase at $100 per person or $150 for two.

Food, drinks, prizes and networking opportunities are only the beginning to this fun-filled weekend. Teams will receive tickets to the VIP Reception, which includes dinner and a cocktail hour. On April 2nd, players will receive a gift bag filled with premium goodies at registration. A luncheon will be provided and unlimited food and premium open bars will be available throughout the day.

Opportunities to win over $100,000 in prizes will entice anyone who fancies a chance at luck. Golfers will even have a chance to win a new luxury car at the Hole-in-One Challenge. Each team will be paired with a celebrity to round-up a foursome. O.J. McDuffie, Ricky Williams, Major Wright, Davone Bess and other big names are scheduled to be playing golf to raise money for underprivileged children in South Florida. The 12th Annual O.J. McDuffie Spring Celebrity Golf Classic will conclude with an award reception and dinner.

All proceeds from this event will benefit Catch 81 Foundation charities. The event will assist the foundation in achieving its mission of providing financial assistance for the disadvantaged youth throughout South Florida.

About the O.J. McDuffie Catch 81 Foundation: The O.J. McDuffie Catch 81 Foundation is a non-profit 501(c)(3) public fundraising organization established to raise money for children's charitable causes throughout the South Florida community. The O.J. McDuffie Catch 81 Foundation is committed to support South Florida's youth through a series of special fundraising events, such as the Annual Spring Celebrity Golf Classic and the Annual Strikes for Kids, among others. The Catch 81 Foundation has raised money for various organizations and other non-profits that aid in the support of at-risk children. With the help of private donors and corporate sponsors, the Catch 81 Foundation will continue to grow and make great strides towards funding various programs and charitable causes and change the lives and futures of our youth. For additional information, please contact Lara Sahakian at 877-584-2301, via email at lara@catch81foundation.org, or please visit www.catch81foundation.org for more details.

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

The BankAtlantic logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8906

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

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 jdpower.com.

CONTACT: BankAtlantic Contact Info:
         Sharon Lyn, V.P. Media Relations
         BankAtlantic Bancorp, Inc. Contact Info:
         Leo Hinkley, Media and Investor Relations Officer
         (954) 940-5300

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