BankAtlantic Bancorp Receives Letter From the NYSE Regarding Continued Listing

BankAtlantic Bancorp, Inc. BBX announced today that it has been notified by the New York Stock Exchange that it is currently below the continued listing criteria established by the NYSE because, as of October 14, 2011, the Company's total market capitalization for the preceding 30 trading-day period was $48.9 million, slightly less than the $50 million requirement for listed companies with shareholders' equity of less than $50 million, such as the Company. The NYSE's market capitalization and equity requirements are based on the Company's publicly traded stock at the holding company level.