updated 4/26/2011 3:16:38 PM ET 2011-04-26T19:16:38

FORT LAUDERDALE, Fla., April 26, 2011 (GLOBE NEWSWIRE) -- BankAtlantic, Florida's Most Convenient Bank, announced today that it will be a presenting sponsor at 2011 Economic Council William T. Dwyer Awards on Wednesday, April 27, 2011, at the Raymond F. Kravis Center for the Performing Arts, 701 Okeechobee Boulevard, West Palm Beach, Florida.

The 2011 Economic Council William T. Dwyer Awards, sponsored by the Economic Council of Palm Beach County, Inc. and the Education Foundation of Palm Beach County, Inc. recognizes outstanding achievements by teachers in Palm Beach County. The program honors outstanding educators from public and private schools in Palm Beach County, increases awareness of the exemplary educators teaching in our community, and encourages all residents to promote high standards of excellence in education. The Dwyer Award signifies one of the premier honors a teacher can receive in Palm Beach County.

About William T. Dwyer: The awards program is named for the late William T. Dwyer, a dynamic community leader and highly respected vice president of Pratt & Whitney's Government Products Division. His service on a multitude of state, regional and county boards and committees evidenced his commitment to excellence in education. They included the Economic Council's K-12 Education Task Force, Florida Atlantic University's advisory board for its College of Engineering, the State Advisory Committee on Business Education, the Florida Chamber of Commerce's education committee, the Palm Beach Junior College Foundation's board of directors and the Quality Incentives Council. William Dwyer was the Economic Council of Palm Beach County's chairman in 1977 and the founding president of the Education Foundation of Palm Beach County. For more information, please visit http://thedwyerawards.com/

About the Economic Council of Palm Beach County: The Economic Council has been serving the citizens of Palm Beach County since 1975. The Council's mission is to create an environment to help businesses prosper. To achieve this, the Council researches and implements creative programs for citizens and assists government officials in solving the county's problems. It is involved in the social, economic and political process of the county and offers itself as a catalyst between the public and private sectors to promote dialogue, planning and action. The Economic Council is a non-for-profit, non-governmental, nonpartisan, private business organization. Membership is by invitation only and limited to 150 key business leaders in Palm Beach County. Its members represent every geographic area of the county, all major business categories, and all sizes of businesses. These characteristics and the Council's history of advocating positive change have enabled it to be a respected "voice of business" on issues affecting the Palm Beach County community. For further information, please visit http://www.economiccouncilpbc.org/

About the Education Foundation of Palm Beach County, Inc.: Founded in 1984, the Education Foundation of Palm Beach County is a non-profit, 501(c)(3) organization dedicated to promoting effective educational practices through public-private partnerships, community collaboration and private-sector resources. Its vision is high achievement by all students in Palm Beach County's public schools. With the support it receives from contributions and grants, the Education Foundation provides resources for innovative programs to increase academic achievement. The Foundation's mission is to advance excellence in public education by increasing public awareness and sustain community support for programs focused on Learning, Literacy and Leadership. For further information, please visit http://www.educationfoundationpbc.org

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, Online Banking & Bill Pay, a 7-Day Customer Service Center, Change Exchange coin counters, as well as retail and business checking accounts. Member FDIC.

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=8906

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.

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

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