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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 18, 2010

BANKATLANTIC BANCORP, INC.

(Exact name of registrant as specified in its charter)

Florida	001-13133	65-0507804
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2100 West Cypress Creek Road, Fort Lauderdale, Florida	33309
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 954-940-5000

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SEC873(6-04) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Item 8.01 Other Events.

     On June 18, 2010, BankAtlantic Bancorp, Inc. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) and distributed to its shareholders of record as of the close of business on June 14, 2010 the prospectus supplement and accompanying base prospectus (the “Prospectus”) relating to the Company’s previously announced rights offering of up to $25,000,000 of its Class A Common Stock. The Prospectus forms a part of the Company’s Registration Statement on Form S-3 (Registration No. 333-164896) which was filed with the SEC on February 12, 2010 and declared effective by the SEC on May 4, 2010 (the “Registration Statement”). The Company is filing the items included as Exhibits 4.3, 5.1.1, 99.1, 99.2, 99.3, 99.4, 99.5, 99.6 and 99.7 to this Current Report on Form 8-K, each of which relates to the Company’s rights offering, for the purpose of incorporating such items as exhibits to the Registration Statement.

     In the Prospectus, the Company disclosed that it expects to adopt a shareholder rights plan aimed at preserving the Company’s ability to utilize its available net operating losses to offset future taxable income. As contemplated, the shareholder rights plan would be designed with a goal of preventing an “ownership change” for purposes of Section 382 of the Internal Revenue Code. The shareholder rights plan, if triggered, would cause substantial dilution to any person or group that acquires 5% or more of the outstanding shares of the Company’s Class A Common Stock or owns 5% or more of the outstanding shares of the Company’s Class A Common Stock and thereafter acquires any additional shares of the Company’s Class A Common Stock without the Company’s approval; provided, however, that the issuance of shares of the Company’s Class A Common Stock pursuant to the exercise of basic subscription rights in the Company’s rights offering will be exempt from the operation of the shareholder rights plan. Although the anticipated adoption of the shareholder rights plan is not in response to any effort to acquire control of the Company, the shareholder rights plan, if adopted, would make it more difficult for a third party to acquire a controlling position in the Company’s common stock without the Company’s approval. As described in the Prospectus and previously disclosed by the Company, regardless of whether the Company adopts the shareholder rights plan prior to the expiration of the rights offering, the Company may determine not to accept any particular over-subscription request in the rights offering if, in the Company’s judgment based on information available to it, the issuance of shares of the Company’s Class A Common Stock in respect thereof would jeopardize or limit the Company’s ability to utilize its available net operating losses to offset future taxable income. The Company cautions, however, that there is no assurance that it will ultimately adopt the shareholder rights plan, that the shareholder rights plan, if adopted, will be implemented in all instances so as to successfully protect against any limitation on the Company’s ability to utilize its available net operating losses to offset future taxable income or that determinations made by the Company regarding the impact of shares issued pursuant to over-subscription requests in the rights offering on the Company’s ability to utilize its available net operating losses will prove to be correct.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 4.3	Form of Subscription Rights Certificate.
Exhibit 5.1.1	Opinion of Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.
Exhibit 99.1	Instructions for Use of BankAtlantic Bancorp, Inc. Subscription Rights Certificate.

Exhibit 99.2	Notice of Guaranteed Delivery for Subscription Rights Certificates Issued by BankAtlantic Bancorp, Inc.
Exhibit 99.3	Letter to Shareholders.
Exhibit 99.4	Letter to Securities Dealers, Commercial Banks, Trust Companies and Other Nominees.
Exhibit 99.5	Form of Letter to Clients of Nominee Holders.
Exhibit 99.6	Nominee Holder Certification Form.
Exhibit 99.7	Beneficial Owner Election Form.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BANKATLANTIC BANCORP, INC.
Date: June 18, 2010	By:	/s/ Valerie C. Toalson
		Valerie C. Toalson,
		Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit	Description
4.3	Form of Subscription Rights Certificate.
5.1.1	Opinion of Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.
99.1	Instructions for Use of BankAtlantic Bancorp, Inc. Subscription Rights Certificate.
99.2	Notice of Guaranteed Delivery for Subscription Rights Certificates Issued by BankAtlantic Bancorp, Inc.
99.3	Letter to Shareholders.
99.4	Letter to Securities Dealers, Commercial Banks, Trust Companies and Other Nominees.
99.5	Form of Letter to Clients of Nominee Holders.
99.6	Nominee Holder Certification Form.
99.7	Beneficial Owner Election Form.

EX-4.3

EXHIBIT 4.3

BankAtlantic Bancorp, Inc.	250 Royall Street, Suite V
	Canton MA 02021
	Information Agent:
	Georgeson
	Telephone 888 219 8320

BANKATLANTIC BANCORP, INC. RIGHTS OFFERING

THIS RIGHTS OFFERING EXPIRES AT 5:00 P.M., NEW YORK CITY TIME, ON JULY 20, 2010, UNLESS EXTENDED IN THE SOLE DISCRETION OF BANKATLANTIC BANCORP, INC. (THE “COMPANY”) (SUCH DATE AND TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”).

The Company has distributed, at no charge, to each holder of record of the Company’s Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), and Class B Common stock, par value $0.01 per share (“Class B Common Stock”), as of the close of business on June 14, 2010 (the “Record Date”), 0.327 subscription rights for each share of Class A Common Stock and Class B Common Stock held as of the close of business on the Record Date. No fractional subscription rights were issued. Instead, the number of subscription rights issued to each shareholder was rounded up to the next largest whole number. Each subscription right entitles the holder thereof to subscribe for one share of Class A Common Stock (the “Basic Subscription Right”) at a subscription price of $1.50 per share. A holder of subscription rights who exercises his, her or its Basic Subscription Rights in full may also request to purchase, pursuant to an over-subscription option (the “Over-Subscription Option”), additional shares of Class A Common Stock that are not subscribed for by other shareholders pursuant to their Basic Subscription Rights at a subscription price of $1.50 per share, subject to acceptance by the Company and availability and allocation as described in the Prospectus (as hereinafter defined).

The terms and conditions of the Rights Offering are set forth in the Company’s prospectus supplement, dated June 18, 2010, and accompanying prospectus, dated May 4, 2010 (collectively, as amended or further supplemented, the “Prospectus”), which is incorporated into this Subscription Rights Certificate by reference. Capitalized terms used but not defined herein have the meanings set forth in the Prospectus. The owner of this Subscription Rights Certificate is entitled to the number of Basic Subscription Rights, and is entitled to exercise the Basic Subscription Rights for the number of shares of Class A Common Stock, shown on this Subscription Rights Certificate. In addition, as described above and in the Prospectus, holders who exercise their Basic Subscription Rights in full may also request to purchase additional shares pursuant to the Over-Subscription Option.

THE SUBSCRIPTION RIGHTS ARE NON-TRANSFERABLE, SUBJECT TO LIMITED EXCEPTIONS

The subscription rights are non-transferable, except to affiliates of the recipient and by operation of law. The subscription rights will not be listed on the New York Stock Exchange or any other securities exchange or quoted on any automated quotation system.

METHOD OF EXERCISE OF SUBSCRIPTION RIGHTS

IN ORDER TO EXERCISE YOUR SUBSCRIPTION RIGHTS, COMPLETE AND SIGN THIS SUBSCRIPTION RIGHTS CERTIFICATE AND RETURN IT TOGETHER WITH PAYMENT IN FULL FOR THE SHARES SUBSCRIBED FOR (INCLUDING THOSE SUBSCRIBED FOR PURSUANT TO THE OVER-SUBSCRIPTION OPTION) TO THE SUBSCRIPTION AGENT, COMPUTERSHARE TRUST COMPANY, N.A. TO BE TIMELY, THE SUBSCRIPTION AGENT MUST RECEIVE THE PROPERLY COMPLETED AND EXECUTED SUBSCRIPTION RIGHTS CERTIFICATE AND PAYMENT IN FULL FOR THE SHARES SUBSCRIBED FOR (INCLUDING THOSE SUBSCRIBED FOR PURSUANT TO THE OVER-SUBSCRIPTION OPTION) ON OR BEFORE THE EXPIRATION DATE.

ALTERNATIVELY, YOU CAN SUBSCRIBE FOR SHARES BY USING A NOTICE OF GUARANTEED DELIVERY. IF A NOTICE OF GUARANTEED DELIVERY IS USED, THE SUBSCRIPTION AGENT MUST RECEIVE (I) THE PROPERLY COMPLETED AND EXECUTED NOTICE OF GUARANTEED DELIVERY AND PAYMENT IN FULL FOR THE SHARES SUBSCRIBED FOR (INCLUDING THOSE SUBSCRIBED FOR PURSUANT TO THE OVER-SUBSCRIPTION OPTION) ON OR BEFORE THE EXPIRATION DATE AND (II) THE PROPERLY COMPLETED AND EXECUTED SUBSCRIPTION RIGHTS CERTIFICATE ON OR BEFORE 5:00 P.M., NEW YORK CITY TIME, ON THE THIRD BUSINESS DAY AFTER THE EXPIRATION DATE.

Full payment for the shares of Class A Common Stock subscribed for pursuant to the subscription rights must be payable in U.S. dollars by check or bank draft drawn upon a U.S. bank or postal, telegraphic or express money order payable to “Computershare Trust Company, N.A. acting as Subscription Agent for BankAtlantic Bancorp, Inc.”

For a complete description of the terms and conditions of the Rights Offering, please refer to the Prospectus. Copies of the Prospectus are available upon request from Georgeson Inc., the Information Agent for the Rights Offering (Shareholders: (888) 219-8320; Banks and Brokers: (212) 440-9800).

Stock certificates, if any, for the shares of Class A Common Stock acquired pursuant to the Basic Subscription Rights will be mailed promptly after the Expiration Date and after full payment for the shares has been received and cleared, subject to a limited exception allowing for earlier delivery as described in the Prospectus. Stock certificates, if any, for the shares of Class A Common Stock acquired pursuant to the Over-Subscription Option will be mailed as soon as practicable after full payment has been received and cleared and all determinations, allocations and adjustments described in the Prospectus have been effected. In the event the shares of Class A Common Stock are not represented by certificates, such shares will be deposited in a book-entry account held on the owner’s behalf in accordance with the applicable time period described in the preceding sentences. Any excess payment to be refunded to a shareholder will be mailed by the Subscription Agent to such shareholder as promptly as possible. You will not be paid any interest on funds paid to the Subscription Agent, regardless of whether the funds are disbursed to the Company or returned to you. Delivery to an address other than one of the addresses listed on the information sheet accompanying this Subscription Rights Certificate will not constitute valid delivery.

Holder ID	COY	Class	Rights Qty Issued	Rights Cert #
123456789	BBX	Subscription Rights	XXX.XXXXXX	12345678

Signature of Owner and U.S. Person for Tax Certification  Signature of Co-Owner (if more than one registered holder listed) Date (mm/dd/yyyy) 

n 1 2 3 4 5 6 7 8 C L S X R T 2 C O Y C 1 2 3 4 5 6 . 7 8 +

PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY

SECTION 1: EXERCISE AND SUBSCRIPTION:

Basic Subscription Rights:
I subscribe for		shares at $1.50 each =	$	(Line 1)
	(no. of new shares)	(Subscription Price)

Over-Subscription Option: IF YOU HAVE FULLY EXERCISED YOUR BASIC SUBSCRIPTION RIGHTS AND WISH TO REQUEST TO PURCHASE ADDITIONAL SHARES PURSUANT TO THE OVER-SUBSCRIPTION OPTION:

I apply for		additional shares at $1.50 each =	$	(Line 2)
	(no. of new shares)	(Subscription Price)

Total Amount Enclosed (sum of amounts set forth in lines 1 and 2 above) = $                    

o Check here if the Basic Subscription Rights exercised hereby do not account for all of the Basic Subscription Rights represented by this Subscription Rights Certificate and you wish to receive a new Subscription Rights Certificate evidencing the remaining Basic Subscription Rights to which you are entitled.

SECTION 2: SUBSCRIPTION AUTHORIZATION:

I acknowledge that I have received the Prospectus for this Rights Offering and I hereby irrevocably subscribe for the number of shares of Class A Common Stock indicated above on the terms and conditions set forth in the Prospectus.

Signature of Subscriber(s)

(and address if different than that listed on this Subscription Rights Certificate)

Telephone Number (including area code)                                                              

SECTION 3: SPECIAL ISSUANCE INSTRUCTIONS (IF YOU COMPLETE THIS SECTION, YOU MUST ALSO COMPLETE SECTIONS 4 AND 5):

     The subscription rights are not transferable, except to affiliates of the recipient and except by operation of law. By executing below, you hereby represent and warrant that the person in whose name you are requesting that we issue the Class A Common Stock is your affiliate or is a transferee by operation of law. Evidence satisfactory to the Company that any such permitted transfer is proper must be delivered by mail, express mail or overnight courier to Computershare Trust Company, N.A. at the address specified on the information sheet accompanying this Subscription Rights Certificate prior to the Expiration Date.

     Complete the following ONLY if the shares of Class A Common Stock subscribed for are to be issued in a name other than that of the registered holder.

Issue Shares to:	Soc. Sec. #/Tax ID#:
Address:

SECTION 4: ACKNOWLEDGMENT (TO BE COMPLETED ONLY IF YOU COMPLETED SECTION 3. IF YOU COMPLETE THIS SECTION, YOU MUST ALSO COMPLETE SECTION 5):

     I/We acknowledge receipt of the Prospectus and understand that, after delivery to Computershare Trust Company, N.A. as Subscription Agent for BankAtlantic Bancorp, Inc., I/we may not modify or revoke this Subscription Rights Certificate. Under penalties of perjury, I/we certify that the information contained herein, including the social security number or taxpayer identification number given above, is correct.

     The signature below must correspond with the name of the registered holder exactly as it appears on the books of the Company’s transfer agent without any alteration or change whatsoever.

Signature(s) of Registered Holder: Date:

     If signature is by trustee(s), executor(s), administrator(s), guardian(s), attorney(s)-in-fact, agent(s), officer(s) of a corporation or another acting in a fiduciary or representative capacity, please provide the following information.

Name: Capacity: Soc. Sec. #/Tax ID #:

Address: Telephone Number (including area code):

SECTION 5: GUARANTEE OF SIGNATURES (TO BE COMPLETED ONLY IF YOU COMPLETED SECTIONS 3 AND 4):

All subscription rights holders who specify special issuance or delivery instructions must have their signatures guaranteed by an Eligible Guarantor Institution, as defined in Rule 17Ad-15 of the Securities Exchange Act of 1934.

Name of Firm:	Authorized Signature:
Address:	Name:
City, State, Zip Code:	Title:
Telephone Number (including area code):

BANKATLANTIC BANCORP, INC. RIGHTS OFFERING

BankAtlantic Bancorp, Inc. (the “Company”) is conducting a rights offering (the “Rights Offering”) pursuant to which the holders of the Company’s Class A Common Stock, par value $0.01 per share (the “Class A Common Stock”), and Class B Common Stock, par value $0.01 per share (the “Class B Common Stock,” and collectively with the Class A Common Stock, the “Common Stock”), as of the close of business on June 14, 2010 (the “Record Date”) received 0.327 subscription rights for each share of Common Stock held of record as of the close of business on the Record Date. No fractional subscription rights were issued. Instead, the number of subscription rights received by each shareholder was rounded up to the next largest whole number. Each subscription right entitles the holder thereof to subscribe for one share of Class A Common Stock (the “Basic Subscription Right”) at a subscription price of $1.50 per share. A holder of subscription rights who exercises his, her or its Basic Subscription Rights in full may also request to purchase, pursuant to an over-subscription option (the “Over-Subscription Option”), additional shares of Class A Common Stock that are not subscribed for by other shareholders pursuant to their Basic Subscription Rights at a subscription price of $1.50 per share, subject to acceptance by the Company and availability and allocation as described in the Prospectus (as hereinafter defined). The Rights Offering will expire at 5:00 p.m., New York City time, on July 20, 2010, unless extended in the sole discretion of the Company (such date and time, as it may be extended, the “Expiration Date”).

METHOD OF EXERCISE OF RIGHTS

IN ORDER TO EXERCISE YOUR SUBSCRIPTION RIGHTS, COMPLETE AND SIGN THE ACCOMPANYING SUBSCRIPTION RIGHTS CERTIFICATE AND RETURN IT TOGETHER WITH PAYMENT IN FULL FOR THE SHARES SUBSCRIBED FOR (INCLUDING THOSE SUBSCRIBED FOR PURSUANT TO THE OVER-SUBSCRIPTION OPTION) TO THE SUBSCRIPTION AGENT, COMPUTERSHARE TRUST COMPANY, N.A. TO BE TIMELY, THE SUBSCRIPTION AGENT MUST RECEIVE THE PROPERLY COMPLETED AND EXECUTED SUBSCRIPTION RIGHTS CERTIFICATE AND PAYMENT IN FULL FOR THE SHARES SUBSCRIBED FOR (INCLUDING THOSE SUBSCRIBED FOR PURSUANT TO THE OVER-SUBSCRIPTION OPTION) ON OR BEFORE THE EXPIRATION DATE.

ALTERNATIVELY, YOU CAN SUBSCRIBE FOR SHARES BY USING A NOTICE OF GUARANTEED DELIVERY. IF A NOTICE OF GUARANTEED DELIVERY IS USED, THE SUBSCRIPTION AGENT MUST RECEIVE (I) THE PROPERLY COMPLETED AND EXECUTED NOTICE OF GUARANTEED DELIVERY AND PAYMENT IN FULL FOR THE SHARES SUBSCRIBED FOR (INCLUDING THOSE SUBSCRIBED FOR PURSUANT TO THE OVER-SUBSCRIPTION OPTION) ON OR BEFORE THE EXPIRATION DATE AND (II) THE PROPERLY COMPLETED AND EXECUTED SUBSCRIPTION RIGHTS CERTIFICATE ON OR BEFORE 5:00 P.M., NEW YORK CITY TIME, ON THE THIRD BUSINESS DAY AFTER THE EXPIRATION DATE.

Full payment for the shares subscribed for pursuant to both the Basic Subscription Rights and Over-Subscription Option must be made payable in United States dollars by check, bank draft or money order payable to “Computershare Trust Company, N.A. acting as Subscription Agent for BankAtlantic Bancorp, Inc.”

For a complete description of the terms and conditions of the Rights Offering, please refer to the Company’s prospectus supplement, dated June 18, 2010, and accompanying prospectus, dated May 4, 2010 (collectively, the “Prospectus”), which is incorporated herein by reference. Copies of the Prospectus are available upon request from Georgeson Inc., the Information Agent for the Rights Offering (Shareholders: (888) 219-8320; Banks and Brokers: (212) 440-9800).

Stock certificates, if any, for the shares of Class A Common Stock acquired pursuant to the Basic Subscription Rights will be mailed promptly after the Expiration Date and after full payment for the shares has been received and cleared, subject to a limited exception allowing for earlier delivery as described in the Prospectus. Stock certificates, if any, for the shares of Class A Common Stock acquired pursuant to the Over-Subscription Option will be mailed as soon as practicable after full payment has been received and cleared and all determinations, allocations and adjustments described in the Prospectus have been effected. In the event the shares of Class A Common Stock are not represented by certificates, such shares will be deposited in a book-entry account held on the owner’s behalf in accordance with the applicable time period described in the preceding sentences. Any excess payment to be refunded to a shareholder will be mailed by the Subscription Agent to such shareholder as promptly as possible. You will not be paid any interest on funds paid to the Subscription Agent, regardless of whether the funds are disbursed to the Company or returned to you. Delivery to an address other than one of the addresses listed below will not constitute valid delivery.

BY MAIL:	BY EXPRESS MAIL OR OVERNIGHT COURIER:
Computershare	Computershare
c/o Voluntary Corporate Actions	c/o Voluntary Corporate Actions
P.O. Box 43011	Suite V, 250 Royall Street
Providence, RI 02940-3011	Canton, MA 02021

Any questions regarding this Subscription Rights Certificate or the Rights Offering may be directed to
Georgeson Inc. at (888) 219-8320 for shareholders or (212) 440-9800 for banks and brokers.

EX-5.1.1

EXHIBIT 5.1.1

Stearns Weaver Miller
Weissler Alhadeff & Sitterson, P.A.

Museum Tower
150 West Flagler Street, Suite 2200
Miami, FL 33130
(305) 789-3200
stearnsweaver.com

June 18, 2010

BankAtlantic Bancorp, Inc.
2100 West Cypress Creek Road
Fort Lauderdale, Florida 33309

Re:	BankAtlantic Bancorp, Inc.
	Offering of Non-Transferable Subscription Rights to Purchase Shares of Class A Common Stock

Ladies and Gentlemen:

As counsel to BankAtlantic Bancorp, Inc. (the “Corporation”), we have examined the Restated Articles of Incorporation and Amended and Restated Bylaws of the Corporation as well as such other documents and proceedings as we have considered necessary for the purposes of this opinion. We have also examined and are familiar with the proceedings taken by the Corporation to authorize the issuance of the non-transferable subscription rights (the “Rights”) to purchase shares of Class A Common Stock of the Corporation (the “Shares”) under the Registration Statement (as hereinafter defined). In addition, we have examined the Registration Statement on Form S-3 (Registration Statement No. 333-164896) (the “Registration Statement”), filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), the prospectus, dated May 4, 2010 (the “Base Prospectus”), and the prospectus supplement, dated June 18, 2010, filed with the Commission pursuant to Rule 424(b) promulgated under the Act (the “Prospectus Supplement” and, collectively with the Base Prospectus, the “Prospectus”).

In rendering this opinion, we have assumed, without independent investigation: (i) the authenticity of all documents submitted to us as originals; (ii) the conformity to original documents of all documents submitted to us as certified or photostatic copies; and (iii) the genuineness of all signatures. In addition, as to questions of fact material to the opinions expressed herein, we have relied upon such certificates of public officials, corporate agents and officers of the Corporation and such other certificates as we deemed relevant.

Our opinion expressed below is subject to the qualification that we express no opinion as to any law of any jurisdiction other than the law of the State of Florida and the federal law of the United States of America.

Based upon and subject to the foregoing, we are of the opinion that:

     1. The Rights have been duly authorized and, when issued and delivered in accordance with the terms and conditions described in the Registration Statement and the Prospectus, will be the valid and binding obligations of the Corporation, enforceable against the Corporation in accordance with their terms, except to the extent that enforcement thereof may be limited by: (a) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect

relating to creditors’ rights generally; and (b) general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity); and

     2. The Shares have been duly authorized and, when issued and delivered against payment therefor upon due exercise of the Rights in accordance with the terms and conditions described in the Registration Statement and the Prospectus, will be validly issued, fully paid and nonassessable.

We hereby consent to the use of this opinion as an exhibit to the Registration Statement and to the reference to our firm in the Prospectus included therein under the caption “Legal Matters.”

Very truly yours,

/s/ STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A.

EX-99.1

EXHIBIT 99.1

INSTRUCTIONS FOR USE OF BANKATLANTIC BANCORP, INC.
SUBSCRIPTION RIGHTS CERTIFICATES

CONSULT GEORGESON, INC. OR YOUR BANK OR BROKER
AS TO ANY QUESTIONS

The following instructions relate to a rights offering (the “Rights Offering”) by BankAtlantic Bancorp, Inc., a Florida corporation (the “Company”), to the holders of its Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), and Class B Common Stock, par value $0.01 per share (“Class B Common Stock,” and collectively with Class A Common Stock, “Common Stock”), as described in the Company’s prospectus supplement, dated June 18, 2010, and accompanying prospectus, dated May 4, 2010 (collectively, the “Prospectus”). Holders of record of Common Stock at the close of business on June 14, 2010 (the “Record Date”) will receive 0.327 subscription rights for each share of Common Stock held by them as of the close of business on the Record Date. No fractional subscription rights will be issued. Rather, the total number of subscription rights issued to each shareholder will be rounded up to the next largest whole number. Subscription rights exercisable to purchase up to an aggregate of $25 million of shares (16,666,667 shares) of Class A Common Stock are being distributed in connection with the Rights Offering.

Each whole subscription right is exercisable, upon payment of $1.50 (the “Subscription Price”), to purchase one share of Class A Common Stock (the “Basic Subscription Right”). In addition, each subscription rights holder who exercises his, her or its Basic Subscription Rights in full will be eligible to request to purchase (the “Over-Subscription Option”) at the Subscription Price additional shares of Class A Common Stock (the “Excess Shares”) that are not otherwise purchased pursuant to the exercise of Basic Subscription Rights by other subscription rights holders, subject to the Company’s right to reject such request as described in the Prospectus and to availability and allocation as described below. Shares of Class A Common Stock will be available for purchase pursuant to the Over-Subscription Option only to the extent that any shares of Class A Common Stock are not subscribed for pursuant to the Basic Subscription Rights. If there are not enough Excess Shares to satisfy all purchase requests made under the Over-Subscription Option, then the remaining Excess Shares will be allocated pro-rata (subject to the elimination of fractional shares) among those subscription rights holders issued shares pursuant to purchase requests under the Over-Subscription Option, in proportion to the number of shares of Class A Common Stock each such subscription rights holder has purchased pursuant to his, her or its Basic Subscription Rights; provided, however, that if such pro-rata allocation results in any subscription rights holder being allocated a greater number of Excess Shares than such holder requested pursuant to the Over-Subscription Option, then such subscription rights holder will be allocated only such number of Excess Shares as such subscription rights holder subscribed for and the remaining Excess Shares will be allocated among all other subscription rights holders issued shares pursuant to purchase requests under the Over-Subscription Option on the same pro-rata basis outlined above. Such proration will be repeated until all Excess Shares have been allocated to fully satisfy all accepted purchase requests under the Over-Subscription Option. See “The Rights Offering — The Subscription Rights — Over-Subscription Option” in the Prospectus.

The subscription rights will expire at 5:00 p.m., New York City time, on July 20, 2010, unless extended in the sole discretion of the Company (such date and time, as it may be extended, the “Expiration Date”).

The number of subscription rights to which you are entitled is printed on page 1 of your subscription rights certificate. You should indicate your wishes with regard to the exercise of your subscription rights by completing your subscription rights certificate and returning it to the Subscription Agent in the envelope provided.

COMPUTERSHARE TRUST COMPANY, N.A., THE SUBSCRIPTION AGENT, MUST RECEIVE YOUR COMPLETED SUBSCRIPTION RIGHTS CERTIFICATE OR YOUR NOTICE OF GUARANTEED DELIVERY ON OR BEFORE THE EXPIRATION DATE. IN ADDITION, THE SUBSCRIPTION AGENT MUST RECEIVE PAYMENT OF THE SUBSCRIPTION PRICE, INCLUDING FINAL CLEARANCE OF ANY CHECKS, FOR ALL SUBSCRIPTION RIGHTS EXERCISED (INCLUDING THROUGH THE OVER-SUBSCRIPTION OPTION) ON OR BEFORE THE EXPIRATION DATE.

Subscription Rights.  To exercise subscription rights, properly complete and execute your subscription rights certificate and send it, together with payment in full of the subscription price for each share of Class A Common Stock subscribed for pursuant to the Basic Subscription Rights and the Over-Subscription Option, to Computershare Trust Company, N.A. Delivery of the subscription rights certificate must be made by mail, express mail or overnight courier. FACSIMILE DELIVERY OF THE SUBSCRIPTION RIGHTS CERTIFICATE WILL NOT BE ACCEPTED AND WILL NOT CONSTITUTE VALID DELIVERY. All payments must be made in United States dollars by check or bank draft (cashier’s check) drawn on a U.S. bank or money order payable to “Computershare Trust Company, N.A. acting as Subscription Agent for BankAtlantic Bancorp, Inc.” Your payment will be deemed to have been received by the Subscription Agent under the conditions described in the paragraph below entitled “Acceptance of Payments.”

Nominee Holders.  Banks, brokers, trusts, depositaries or other nominee holders of the subscription rights who exercise the subscription rights on behalf of beneficial owners of subscription rights will be required to certify to the Subscription Agent and the Company, on a Nominee Holder Certification Form, as to the aggregate number shares subscribed for pursuant to the Basic Subscription Rights and Over-Subscription Option by each beneficial owner thereof (including such nominee holder itself) on whose behalf such nominee holder is acting. If more Excess Shares are subscribed for pursuant to purchase requests under the Over-Subscription Option than are available for issuance, the Excess Shares will be allocated, as described above, among subscription rights holders issued shares pursuant to purchase requests under the Over-Subscription Option in proportion to such owners’ exercise of their Basic Subscription Rights.

Acceptance of Payments.  Payments will be deemed to have been received by the Subscription Agent only upon (a) the clearance of any uncertified check or (b) the receipt by the Subscription Agent of any certified check or bank draft (cashier’s check) drawn on a U.S. bank or money order. IF PAYING BY UNCERTIFIED PERSONAL CHECK, PLEASE NOTE THAT THE FUNDS PAID THEREBY MAY TAKE AT LEAST FIVE (5) BUSINESS DAYS TO CLEAR FOLLOWING RECEIPT BY THE SUBSCRIPTION AGENT. ACCORDINGLY, HOLDERS OF SUBSCRIPTION RIGHTS WHO WISH TO PAY THE SUBSCRIPTION PRICE BY MEANS OF UNCERTIFIED PERSONAL CHECKS ARE URGED TO MAKE PAYMENT SUFFICIENTLY IN ADVANCE OF THE EXPIRATION DATE TO ENSURE THAT THE SUBSCRIPTION AGENT RECEIVES CLEARED PAYMENT BY SUCH DATE. YOU ARE URGED TO CONSIDER PAYMENT BY MEANS OF A CERTIFIED CHECK, BANK DRAFT (CASHIER’S CHECK) OR MONEY ORDER.

Procedures for Guaranteed Delivery of a Subscription Rights Certificate.  If you are unable to deliver a properly completed subscription rights certificate to the Subscription Agent on or before the Expiration Date, you may cause a written guarantee of delivery, substantially in the form available from the Subscription Agent (the “Notice of Guaranteed Delivery”), from a commercial bank, trust company, securities broker or dealer, credit union, savings association or other eligible guarantor institution which is a member of or a participant in a signature guarantee program acceptable to the Subscription Agent, to be received by the Subscription Agent on or prior to the Expiration Date together with payment in full for the shares of Class A Common Stock subscribed for (including shares subscribed for pursuant to the Over-Subscription Option). Such Notice of Guaranteed Delivery must state your name, the number of subscription rights represented by your subscription rights certificate and the number of subscription rights being exercised pursuant to the Basic Subscription Rights and the Over-Subscription Option. A Notice of Guaranteed Delivery will guarantee the delivery of your properly completed and executed subscription rights certificate, and the Subscription Agent must receive your properly completed and executed subscription rights certificate, by 5:00 p.m., New York City time, on the date that is three (3) business days after the Expiration Date. Additional copies of the Notice of Guaranteed Delivery may be obtained upon request from the Information Agent at the address, or by calling the applicable telephone number, indicated on the following page.

2

Contacting the Subscription Agent and Information Agent.  The Subscription Agent for the Rights Offering is Computershare Trust Company, N.A. You may contact the Subscription Agent at the following addresses and facsimile number:

By Mail:

Computershare

c/o Voluntary Corporate Actions

P.O. Box 43011

Providence, RI 02940-3011

By Express Mail or Overnight Courier:

Computershare

c/o Voluntary Corporate Actions

Suite V, 250 Royall Street

Canton, MA 02021

By Facsimile Transmission:

(617) 360-6810

Confirm by Telephone to:

(781) 575-2332

The Information Agent for the Rights Offering is Georgeson Inc. The address and telephone numbers of the Information Agent for inquiries, information or requests for additional documentation are as follows:

Georgeson Inc.

199 Water Street, 26^th Floor

New York, NY 10038

Shareholders: (888) 219-8320

Banks and Brokers: (212) 440-9800

Partial Exercises; Effect of Over- and Underpayments.  If you exercise less than all of the Basic Subscription Rights evidenced by your subscription rights certificate, the Subscription Agent will issue to you a new subscription rights certificate evidencing the unexercised Basic Subscription Rights upon your request. However, if you choose to have a new subscription rights certificate sent to you, you may not receive any such new subscription rights certificate in sufficient time to permit the timely exercise thereof.

If you return your subscription rights certificate but do not indicate thereon the number of subscription rights being exercised, or if your payment is not sufficient to purchase the number of shares subscribed for, you will be deemed to have exercised the subscription rights with respect to the maximum number of shares which may be purchased based on the payment delivered.

If your payment exceeds the amount necessary to purchase the number of shares for which you have indicated an intention to subscribe, then you will be deemed to have exercised your Basic Subscription Rights in full and the Over-Subscription Option to purchase, to the extent available and accepted by the Company, that number of shares equal to the quotient obtained by dividing the total amount of your payment by the Subscription Price. Any remaining amount shall be returned to you by mail, without interest or deduction, as soon as practicable after the Expiration Date and after all determinations, allocations and adjustments contemplated by the terms of the Rights Offering have been effected.

Sale or Transfer of Rights.  The subscription rights are not transferable in any way, except to affiliates of the recipient and except by operation of law. Evidence satisfactory to the Company that any such permitted transfer is proper must be delivered by mail, express mail or overnight courier to the Subscription Agent at the address specified in these instructions prior to the Expiration Date.

3

Delivery of Stock Certificates.  The following deliveries and payments will be made to the address shown on the face of your subscription rights certificate, unless you provide instructions to the contrary thereon.

(a) Basic Subscription Rights.  As soon as practicable after the Expiration Date and the valid exercise of subscription rights, the Subscription Agent will mail to each exercising subscription rights holder certificates representing shares of Class A Common Stock purchased pursuant to his, her or its Basic Subscription Rights, subject to a limited exception described in the Prospectus related to certificates representing shares of Class A Common Stock purchased by BFC Financial Corporation pursuant to the exercise of its Basic Subscription Rights.

(b) Over-Subscription Option.  As soon as practicable after the Expiration Date and after all determinations, allocations and adjustments contemplated by the terms of the Rights Offering have been effected, the Subscription Agent will mail to each subscription rights holder allocated shares pursuant to purchase requests under the Over-Subscription Option certificates representing the number of shares of Class A Common Stock, if any, allocated to such subscription rights holder pursuant to his, her or its purchase request.

Excess Cash Payments.  As soon as practicable after the Expiration Date and after all allocations and adjustments contemplated by the terms of the Rights Offering have been effected, the Subscription Agent will mail to each subscription rights holder any excess amount, without interest or deduction, paid by such subscription rights holder based on the number of shares of Class A Common Stock actually purchased by him, her or it in the Rights Offering.

To Have a Subscription Certificate Divided into Smaller Denominations.  To have a subscription rights certificate divided into certificates for smaller numbers of subscription rights, send your subscription rights certificate, together with complete instructions (including specification of the whole number of subscription rights you wish to be evidenced by each new subscription rights certificate) signed by you, to the Subscription Agent, allowing a sufficient amount of time for new subscription rights certificates to be issued and returned so that they can be used prior to the Expiration Date. Alternatively, you may ask a bank or broker to effect such actions on your behalf. As a result of delays in the mail, the time of the transmittal, the necessary processing time and other factors, you may not receive such new subscription rights certificates in time to enable you to complete an exercise by the Expiration Date. Neither the Company nor the Subscription Agent will be liable to you for any such delays.

Execution.

(a) Execution by Registered Holder.  The signature on the subscription rights certificate must correspond with the name of the registered holder exactly as it appears on the face of the subscription rights certificate, without any alteration or change whatsoever. Persons who sign the subscription rights certificate in a representative or other fiduciary capacity must indicate their capacity when signing and, unless waived by the Subscription Agent in its sole and absolute discretion, must present to the Subscription Agent satisfactory evidence of their authority to so act.

(b) Execution by Person Other than the Registered Holder.  If the subscription rights certificate is executed by a person other than the holder named on the face of the subscription rights certificate, proper evidence of authority of the person executing the subscription rights certificate must accompany the same unless the Subscription Agent, in its sole and absolute discretion, dispenses with proof of authority.

(c) Signature Guarantees.  If you specify special issuance or delivery instructions on your subscription rights certificate, your signature must be guaranteed by an Eligible Guarantor Institution, as defined in Rule 17Ad-15 of the Securities Exchange Act of 1934.

Method of Delivery.  The method of delivery to the Subscription Agent of subscription rights certificates and the payment for shares of Class A Common Stock subscribed for thereby will be at the election and risk of the subscription rights holder. If sent by mail, it is recommended that they be sent by registered mail, properly insured, with return receipt requested, and that a sufficient number of days be allowed to ensure delivery to the Subscription Agent prior to the Expiration Date.

4

Special Provisions Relating to the Delivery of Subscription Rights through Depository Facility Participants.  In the case of holders of subscription rights that are held of record through The Depository Trust Company (“DTC”), exercises of the subscription rights may be effected by instructing DTC to transfer subscription rights from the DTC account of such holder to the DTC account of the Subscription Agent, together with payment for all shares of Class A Common Stock subscribed for pursuant to the exercise of the Basic Subscription Rights and Over-Subscription Option.

5

EX-99.2

EXHIBIT 99.2

NOTICE OF GUARANTEED DELIVERY
for
SUBSCRIPTION RIGHTS CERTIFICATES
Issued by
BANKATLANTIC BANCORP, INC.

This form, or one substantially equivalent to this form, must be used to exercise the subscription rights (the “Subscription Rights”) pursuant to the rights offering described in the prospectus supplement, dated June 18, 2010, and accompanying prospectus, dated May 4, 2010 (collectively, the “Prospectus”), of BankAtlantic Bancorp, Inc., a Florida corporation ( the “Company”), if a holder of Subscription Rights cannot deliver the certificate(s) evidencing such Subscription Rights (the “Subscription Rights Certificate(s)”) to be received by the Subscription Agent on or prior to 5:00 p.m., New York City time, on July 20, 2010, unless extended in the sole discretion of the Company (such date and time, as it may be extended, the “Expiration Date”).

The Notice of Guaranteed Delivery and full payment for the shares of Class A Common Stock subscribed for must be sent by mail, express mail, overnight courier or facsimile transmission to the Subscription Agent, and must be received by the Subscription Agent on or prior to the Expiration Date. See “The Rights Offering — Guaranteed Delivery Procedures” in the Prospectus. The Subscription Rights Certificate(s) must thereafter be received by the Subscription Agent on or before 5:00 p.m., New York City time, on the date that is three (3) business days after the Expiration Date. Failure to timely send such Subscription Rights Certificate(s) will result in liability of the firm guarantying delivery for the full amount subject to this guarantee.

The Subscription Agent is:

Computershare Trust Company, N.A.

By Mail:

Computershare

c/o Voluntary Corporate Actions

P.O. Box 43011

Providence, RI 02940-3011

By Express Mail or Overnight Courier:

Computershare

c/o Voluntary Corporate Actions

Suite V, 250 Royall Street

Canton, MA 02021

By Facsimile Transmission:

(617) 360-6810

Confirm by Telephone to:

(781) 575-2332

Delivery of this instrument to an address other than as set forth above or transmission of instructions via a facsimile other than as set forth above does not constitute a valid delivery.

This form is not to be used to guarantee signatures. If a signature on a Subscription Rights Certificate is required to be guaranteed by an Eligible Guarantor Institution, as defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, due to special issuance or delivery instructions, such signature guarantee must appear in the applicable space provided in the signature box of the Subscription Rights Certificate.

Ladies and Gentlemen:

The undersigned hereby represents that the undersigned is the holder of a Subscription Rights Certificate(s) representing           Subscription Rights and that such Subscription Rights Certificate(s) cannot be delivered to the Subscription Agent on or before 5:00 p.m., New York City time, on the Expiration Date. Upon the terms and subject to the conditions set forth in the Prospectus, receipt of which is hereby acknowledged, the undersigned hereby elects to exercise (i) Basic Subscription Rights to subscribe for            shares of Class A Common Stock with respect to the Subscription Rights represented by such Subscription Rights Certificate(s) and (ii) the Over-Subscription Option relating to such Subscription Rights, to the extent that shares of Class A Common Stock that are not otherwise purchased pursuant to the exercise of Basic Subscription Rights (the “Excess Shares”) are available therefor, for an aggregate of up to           Excess Shares, subject to acceptance by the Company and availability and allocation, in each case as described in the Prospectus. The undersigned has enclosed herewith payment in full for the shares of Class A Common Stock (including the Excess Shares) so subscribed for.

Signature: ­ ­
Name(s): ­ ­
(Please Type or Print)	(Please Type or Print)
Address: ­ ­
Telephone: ­ ­
(Including Area Code)	(Including Area Code)

Subscription Rights
Certificate No.(s) (if available)

2

THE GUARANTEE SET FORTH BELOW MUST BE COMPLETED

GUARANTEE OF DELIVERY

(not to be used for Subscription Rights Certificate signature guarantee)

The undersigned, a member firm of a registered national securities exchange or member of the National Association of Securities Dealers, Inc., commercial bank or trust company having an office or correspondent in the United States, or other eligible guarantor institution which is a member of or a participant in a signature guarantee program acceptable to the Subscription Agent, hereby guarantees that the undersigned will deliver to the Subscription Agent the Subscription Rights Certificate(s) representing the Subscription Rights being exercised hereby, with any required signature guarantees and any other required documents, on or before 5:00 p.m. New York City time, on the date that is three (3) business days after the Expiration Date.

Name of Firm	Authorized Signature
Address	Name
City, State, Zip Code	Title
Area Code and Telephone Number
Date: ­ ­

The institution which completes this form must communicate the guarantee to the Subscription Agent and must deliver the Subscription Rights Certificate(s) to the Subscription Agent within the time period set forth above. Failure to do so could result in a financial loss to such institution.

3

EX-99.3

EXHIBIT 99.3

BANKATLANTIC BANCORP, INC.
2100 West Cypress Creek Road
Fort Lauderdale, Florida 33309

June 18, 2010

Dear Shareholder:

Enclosed are the prospectus supplement and accompanying prospectus (collectively, the “Prospectus”) and other materials relating to the rights offering by BankAtlantic Bancorp, Inc. (the “Company”). Please carefully review the Prospectus, which describes how you can participate in the rights offering. You will be able to exercise your subscription rights to purchase shares of the Company’s Class A Common Stock in the rights offering only during a limited period. You will find answers to some frequently asked questions about the rights offering beginning on page S-1 of the prospectus. You should also refer to the detailed Instructions for Use of BankAtlantic Bancorp, Inc. Subscription Rights Certificates included with this letter. The exercise of subscription rights is irrevocable.

SUMMARY OF THE TERMS OF THE RIGHTS OFFERING.

•  You will receive 0.327 subscription rights for each share of the Company’s Class A Common Stock or Class B Common Stock you owned of record at the close of business on June 14, 2010. You will not receive any fractional subscription rights. Instead, fractional subscription rights will be rounded up to the next largest whole number. Each whole subscription right entitles you to purchase one share of the Company’s Class A Common Stock at the subscription price of $1.50 per share. For example, if you owned 100 shares of the Company’s Class A Common Stock and 100 shares of the Company’s Class B Common Stock at the close of business on June 14, 2010, you will receive 66 subscription rights.

•  Each subscription rights holder who exercises his, her or its basic subscription rights in full will be eligible to request to purchase, at the per share subscription price of $1.50, additional shares of the Company’s Class A Common Stock that are not otherwise purchased pursuant to the exercise of subscription rights by other subscription rights holders under the basic subscription rights (the “Excess Shares”), subject to acceptance by the Company as described in the Prospectus and availability and allocation as described below. The Excess Shares will be available for purchase pursuant to this over-subscription option only to the extent that shares of the Company’s Class A Common Stock are not subscribed for pursuant to the basic subscription rights. If there are not enough Excess Shares to satisfy all over-subscription requests, the remaining Excess Shares will be allocated pro-rata (subject to the elimination of fractional shares) among those subscription rights holders issued shares pursuant to over-subscription requests, in proportion to the number of shares each such subscription rights holder has purchased pursuant to the basic subscription rights; provided, however, that if such pro-rata allocation results in any such subscription rights holder being allocated a greater number of Excess Shares than such subscription rights holder requested, then such holder will be allocated only such number of Excess Shares as such subscription rights holder requested and the remaining Excess Shares will be allocated among all other subscription rights holders issued shares pursuant to over-subscription requests on the same pro-rata basis outlined above. Such proration will be repeated until all Excess Shares have been allocated to the full extent of the over-subscription option. See “The Rights Offering — The Subscription Rights — Over-Subscription Option” in the Prospectus.

•  The rights offering expires at 5:00 p.m., New York City time, on July 20, 2010, unless extended in the sole discretion of the Company. If you do not exercise your subscription rights before that time, they will expire and will not be exercisable for shares of the Company’s Class A Common Stock.

•  Once you elect to exercise your subscription rights (including your over-subscription option), you cannot change your mind and revoke your election.

If you do not exercise your subscription rights, your ownership in the Company may be diluted. Please see page the section of the Prospectus entitled “Risk Factors” beginning on page S-7 of the Prospectus for a discussion of dilution and other risk factors.

If you have any questions concerning the rights offering, shareholders may contact Georgeson Inc., the Information Agent for the rights offering, at (888) 219-8320, and banks and brokers may contact Georgeson Inc. at (212) 440-9800.

Sincerely,

Alan B. Levan

Chairman of the Board and Chief Executive Officer

2

EX-99.4

EXHIBIT 99.4

$25,000,000 OF SHARES OF CLASS A COMMON STOCK OF
BANKATLANTIC BANCORP, INC.
ISSUABLE UPON EXERCISE OF SUBSCRIPTION RIGHTS

THE SUBSCRIPTION RIGHTS ARE EXERCISABLE UNTIL 5:00 P.M., NEW YORK CITY TIME, ON JULY 20, 2010, UNLESS EXTENDED

June 18, 2010

To Securities Dealers, Commercial Banks, Trust Companies, and Other Nominees:

This letter is being distributed to securities dealers, commercial banks, trust companies and other nominees in connection with the offering by BankAtlantic Bancorp, Inc. (the “Company”) of up to an aggregate of $25,000,000 of shares of the Company’s Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), at a subscription price of $1.50 per share (the “Subscription Price”), pursuant to the exercise of subscription rights (“Subscription Rights”) distributed to all holders of record of shares of the Company’s Class A Common Stock and Class B Common Stock, par value $0.01 per share (“Class B Common Stock,” and collectively with Class A Common Stock, “Common Stock”), as of the close of business on June 14, 2010 (the “Record Date”). The Company distributed 0.327 Subscription Rights for each share of Common Stock outstanding on the Record Date. The Subscription Rights are described in the enclosed prospectus supplement and accompanying prospectus (collectively, the “Prospectus”) and evidenced by subscription rights certificates.

Each Subscription Right entitles the holder thereof to subscribe for one share of Class A Common Stock (the “Basic Subscription Right”) at the Subscription Price. Each Subscription Right also entitles the holder thereof to request to purchase (the “Over-Subscription Option”) additional shares of Class A Common Stock that have not been purchased by other Subscription Rights holders pursuant to their Basic Subscription Rights, at the Subscription Price, if such holder has fully exercised his, her or its Basic Subscription Rights. See “The Rights Offering — Subscription Rights — Over-Subscription Option” in the Prospectus.

If you exercise the Over-Subscription Option on behalf of beneficial owners of Subscription Rights, you will be required to certify to the Subscription Agent and the Company, in connection with such exercise, as to the aggregate number of Subscription Rights that have been exercised pursuant to the Basic Subscription Rights, whether the Basic Subscription Rights of each beneficial owner of Subscription Rights on whose behalf you are acting has been exercised in full, and the number of shares of Class A Common Stock subject to the purchase request made under the Over-Subscription Option by each beneficial owner of Subscription Rights on whose behalf you are acting.

We are asking you to contact your clients for whom you hold shares of Class A Common Stock to obtain instructions with respect to the Subscription Rights.

Enclosed are copies of the following documents for you to use:

1. The Prospectus;

2. The Instructions for Use of BankAtlantic Bancorp, Inc. Subscription Rights Certificates;

3. The Notice of Guaranteed Delivery;

4. A form letter which may be sent to your clients for whose accounts you hold shares of Class A Common Stock;

5. The Beneficial Owner Election Form, on which you may obtain your clients’ instructions with regard to the Subscription Rights; and

6. The Nominee Holder Certification Form.

Your prompt action is requested. The Subscription Rights will expire at 5:00 P.M., New York City time, on July 20, 2010, unless extended in the sole discretion of the Company (such date and time, as it may be extended, the “Expiration Date”).

To exercise Subscription Rights, properly completed and executed subscription rights certificates and payment in full for all shares of Class A Common Stock subscribed for (including those subscribed for pursuant to the Over-Subscription Option) must be delivered to the Subscription Agent as indicated in the Prospectus prior to the Expiration Date, unless the guaranteed delivery procedures described in the Prospectus are followed in lieu of delivery of a Subscription Rights Certificate prior to the Expiration Date.

Additional copies of the enclosed materials may be obtained by contacting Georgeson Inc., the Information Agent for the rights offering, at (888) 219-8320 for shareholders and at (212) 440-9800 for banks and brokers.

Sincerely,

Alan B. Levan

Chairman of the Board and Chief Executive Officer

NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY PERSON AS AN AGENT OF BANKATLANTIC BANCORP, INC., THE SUBSCRIPTION AGENT, THE INFORMATION AGENT OR ANY OTHER PERSON MAKING OR DEEMED TO BE MAKING OFFERS OF THE CLASS A COMMON STOCK ISSUABLE UPON VALID EXERCISE OF THE SUBSCRIPTION RIGHTS, OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE ANY STATEMENTS ON BEHALF OF ANY OF THEM WITH RESPECT TO THE OFFERING EXCEPT FOR STATEMENTS MADE IN THE PROSPECTUS.

2

EX-99.5

EXHIBIT 99.5

$25,000,000 OF SHARES OF CLASS A COMMON STOCK OF
BANKATLANTIC BANCORP, INC.
ISSUABLE UPON EXERCISE OF SUBSCRIPTION RIGHTS

THE SUBSCRIPTION RIGHTS ARE EXERCISABLE UNTIL 5:00 P.M., NEW YORK CITY TIME, ON JULY 20, 2010, UNLESS EXTENDED

June 18, 2010

To Our Clients:

We are sending this letter to you because we hold shares of Class A Common Stock of BankAtlantic Bancorp, Inc. (the “Company”) for you. The Company has commenced an offering of up to an aggregate of $25,000,000 of shares of its Class A Common Stock at a subscription price of $1.50 per share, pursuant to the exercise of subscription rights distributed to all holders of record of shares of the Company’s Class A Common Stock and Class B Common Stock as of the close of business on June 14, 2010. The subscription rights are described in the Company’s prospectus supplement, dated June 18, 2010, and accompanying prospectus, dated May 4, 2010 (collectively, the “Prospectus”) and evidenced by a subscription rights certificates.

The Company has distributed 0.327 subscription rights for each share of Class A Common Stock and Class B Common Stock outstanding as of the close of business on June 14, 2010. Shareholders will not receive any fractional subscription rights. Instead, fractional subscription rights will be rounded up to the next largest whole number. Each whole subscription right entitles the holder to purchase one share of Class A Common Stock at the subscription price of $1.50 per share (the “Basic Subscription Right”). In addition, each subscription rights holder who exercises his, her or its Basic Subscription Rights in full will be eligible to request to purchase (the “Over-Subscription Option”), at the per share subscription price of $1.50, additional shares of Class A Common Stock that are not purchased pursuant to the exercise of Basic Subscription Rights by other subscription rights holders (the “Excess Shares”), subject to acceptance by the Company as described in the Prospectus and availability and proration as described below. Excess Shares will be available for purchase pursuant to the Over-Subscription Option only to the extent that any shares of Class A Common Stock are not subscribed for pursuant to the Basic Subscription Rights. If there are not enough Excess Shares to satisfy all over-subscription requests made under the Over-Subscription Option, the Excess Shares will be allocated pro-rata (subject to the elimination of fractional shares) among those subscription rights holders issued shares pursuant to over-subscription requests in proportion to the number of shares of Class A Common Stock each such subscription rights holder has purchased pursuant to his, her or its Basic Subscription Rights; provided, however, that if such pro-rata allocation results in any subscription rights holder being allocated a greater number of Excess Shares than such subscription rights holder requested to purchase under the Over-Subscription Option, then such subscription rights holder will be allocated only such number of Excess Shares as such subscription rights holder requested and the remaining Excess Shares will be allocated among all other subscription rights holders issued shares pursuant to over-subscription requests on the same pro-rata basis outlined above. Such proration will be repeated until all Excess Shares have been allocated to the full extent of the Over-Subscription Option. See “The Rights Offering — The Subscription Rights — Over-Subscription Option” in the Prospectus.

We are the holder of record of Class A Common Stock held for your account. We can exercise your subscription rights only if you instruct us to do so.

We request instructions as to whether you wish to have us exercise the subscription rights relating to the Class A Common Stock we hold on your behalf, upon the terms and conditions set forth in the Prospectus.

We have enclosed your copy of the following documents:

1. The Prospectus;

2. Instructions for Use of BankAtlantic Bancorp, Inc. Subscription Rights Certificates; and

3. The Beneficial Owner Election Form.

If you wish to have us, on your behalf, exercise the subscription rights for any shares of Class A Common Stock, please so instruct us by completing, executing and returning to us the Beneficial Owner Election Form enclosed herewith. The subscription rights will expire if not exercised by 5:00 p.m., New York City time, on July 20, 2010, unless extended in the sole discretion of the Company (such date and time, as it may be extended, the “Expiration Date”). Your instructions to us should be forwarded as promptly as possible in order to permit us to exercise subscription rights on your behalf in accordance with the provisions of the rights offering.

Any subscription rights not exercised prior to the Expiration Date will be null and void. Any subscription for shares of Class A Common Stock in the rights offering made hereby is irrevocable. We urge you to read the Prospectus and other enclosed materials carefully before instructing us to exercise your subscription rights.

If you have any questions concerning the rights offering, shareholders may contact Georgeson Inc., the Information Agent for the rights offering, at (888) 219-8320, and banks and brokers may contact Georgeson Inc. at (212) 440-9800.

2

EX-99.6

EXHIBIT 99.6

NOMINEE HOLDER CERTIFICATION FORM

$25,000,000 OF SHARES OF CLASS A COMMON STOCK OF
BANKATLANTIC BANCORP, INC.
ISSUABLE UPON EXERCISE OF SUBSCRIPTION RIGHTS

The undersigned, a bank, broker, trustee, depository or other nominee holder of subscription rights (the “Subscription Rights”) to purchase shares of Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), of BankAtlantic Bancorp, Inc. (the “Company”) pursuant to the rights offering described in the Company’s prospectus supplement, dated June 18, 2010, and accompanying prospectus, dated May 4, 2010 (collectively, the “Prospectus”), hereby certifies to the Company and to Computershare Trust Company, N.A., as Subscription Agent for the rights offering, that (1) the undersigned has exercised, on behalf of the beneficial owners thereof (which may include the undersigned), the number of Subscription Rights specified below pursuant to the basic subscription rights described in the Prospectus, (2) the undersigned has exercised, on behalf of the beneficial owners thereof (which may include the undersigned), the number of Subscription Rights specified below pursuant to the over-subscription option described in the Prospectus, (3) the undersigned has listed separately below each such exercised basis subscription rights and, if applicable, the corresponding over-subscription option (without identifying any such beneficial owner) and (4) each beneficial owner who is requesting to exercise his, her or its over-subscription option has exercised his, her or its basis subscription rights in full:

		NUMBER OF SHARES OF	NUMBER OF SHARES OF
	NUMBER OF	CLASS A COMMON	CLASS A COMMON
	SHARES OF CLASS A	STOCK	STOCK
	COMMON STOCK OWNED	SUBSCRIBED FOR	REQUESTED
	AS OF THE CLOSE OF	PURSUANT TO THE	PURSUANT TO THE
	BUSINESS	BASIC	OVER-
	ON JUNE 14, 2010	SUBSCRIPTION RIGHTS	SUBSCRIPTION OPTION
1.
2.
3.
4.
5.

Name of Bank, Broker, Trustee, Depository or Other Nominee

By:     

              Authorized Signature

Name: 

              (Please Type or Print)                     

EX-99.7

EXHIBIT 99.7

BENEFICIAL OWNER ELECTION FORM

$25,000,000 OF SHARES OF CLASS A COMMON STOCK OF
BANKATLANTIC BANCORP, INC.
ISSUABLE UPON EXERCISE OF SUBSCRIPTION RIGHTS

I (We) acknowledge receipt of your letter and the enclosed materials relating to the offering of shares of Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), of BankAtlantic Bancorp, Inc. (the “Company”) issuable upon the exercise of subscription rights.

In this form, I (we) instruct you whether to exercise subscription rights to purchase shares of Class A Common Stock distributed with respect to the shares of Class A Common Stock held by you for my (our) account, pursuant to the terms and subject to the conditions set forth in the Company’s prospectus supplement, dated June 18, 2010, and accompanying prospectus, dated May 4, 2010 (collectively, the “Prospectus”) and the related Instructions for Use of BankAtlantic Bancorp, Inc. Subscription Rights Certificates.

BOX 1.  o	Please do not exercise subscription rights for shares of Class A Common Stock.
BOX 2.  o	Please exercise subscription rights for me (us) and purchase shares of Class A Common Stock as set forth below:

	NUMBER		SUBSCRIPTION
	OF SHARES		PRICE			PAYMENT
Basic Subscription Rights		X	$	1.50	=	$	(line 1	)
Over-Subscription Option		X	$	1.50	=	$	(line 2	)
		Total payment required (sum of lines 1 and 2)			=	$

BOX 3.  o	Payment in the following amount is enclosed: $ ­ ­(This amount must equal the amount set forth opposite “Total payment required” above)
BOX 4.  o	Please deduct payment from the following account maintained by you as follows:

Type of Account: ­ ­	Account No.: ­ ­
Amount to be Deducted: $ ­ ­
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