8-K

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) July 14, 2008

BankAtlantic Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Florida	34-027228	65-0507804
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2100 West Cypress Creek Road
Ft. 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:

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 240.13a-4(c))

Item 7.01. Regulation FD Disclosure

It has come to our attention that certain analysts recently misstated BankAtlantic’s regulatory capital position and non-performing asset ratios. As of June 30, 2008, there were no material changes in BankAtlantic’s regulatory capital ratios since those previously reported as of March 31, 2008. At March 31, 2008, BankAtlantic met all regulatory “well capitalized” capital requirements with the following capital amounts and ratios:

						Minimum Ratios
	Actual					Adequately			Well
						Capitalized			Capitalized
(Dollar amounts in thousands)	Amount		Ratio			Ratio			Ratio
At March 31, 2008:
Total risk-based capital	$	492,705		11.83	%		8.00	%		10.00	%
Tier 1 risk-based capital		418,233		10.04			4.00			6.00
Tangible capital		418,233		6.87			1.50			1.50
Core capital		418,233		6.87			4.00			5.00

Further, as of March 31, 2008, BankAtlantic’s ratio of non-performing assets to tangible equity plus loan loss reserves was 14.2% and BankAtlantic’s ratio of non-performing assets to total equity plus loan loss reserves was 12.5%.

On July 14, 2008, BankAtlantic’s Chairman, Alan B. Levan, provided a letter to BankAtlantic’s customers attached herein as exhibit 99.1.

Except for historical information contained herein, the matters discussed herein including the exhibit attached hereto 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. When used herein and in any documents incorporated by reference herein, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of BankAtlantic and BankAtlantic Bancorp, Inc. (“the Company”) and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond their control. These include, but are not limited to, risks and uncertainties associated with the condition of the economy and the timing of any economic recovery, and competitive and other factors affecting the Company and its operations. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission. The Company cautions that the foregoing factors are not exclusive.

Item 9.01 Financial Statements and Exhibits

     (d) Message to BankAtlantic’s Customers from BankAtlantic’s Chairman, Alan B. Levan

Signature

     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.

Date: July 14, 2008

BANKATLANTIC BANCORP, INC.
By:	/s/ Valerie C. Toalson
	Valerie C. Toalson
	Chief Financial Officer

EX-99.1

Message to BankAtlantic Customers
From BankAtlantic’s Chairman, Alan B. Levan

July 14, 2008

Dear BankAtlantic Customers,

     In this economic environment, I want to assure you that all of us at BankAtlantic appreciate your business and are here to serve you and our community. BankAtlantic, which recently celebrated its 56^th year serving Florida communities, remains financially strong, as is clearly reflected by the fact that our capital ratios continue to exceed all bank regulatory “well capitalized” standards. This is the fourth downturn in the Florida real estate market that I’ve experienced. In each of those prior downturns, BankAtlantic emerged a leaner, stronger and more profitable company.

     BankAtlantic has avoided many of the pitfalls experienced by other banks. Our residential lending practices have never included subprime, option arm, negative amortization, “Alt-A” or similar products. As a result, BankAtlantic’s $2.0 billion residential loan portfolio has experienced net losses of only 0.07% of outstanding residential loans year-to-date (through June 30, 2008), significantly below any standard industry comparison. BankAtlantic’s investment portfolio is conservative and stable, and does not include any commercial paper, collateralized debt obligations, structured investment vehicles or similar volatile or high-risk investments. In addition, BankAtlantic was one of the first financial institutions in the country to identify the overheated high-rise condominium market in Florida and exited commercial lending to that sector over three years ago. These decisions have proved themselves to be prudent and allowed us to significantly avoid the risk associated with these products.

     While we have experienced losses in certain segments of our commercial and consumer loan portfolios, which we believe are largely attributable to the economic downturn, we are optimistic that it appears a number of real estate markets in Florida are showing signs of stabilizing. Recent reports have indicated an increase in home sales, which we believe bodes well for both individual homeowners and the overall strength of the Florida market. These early indications are clearly positive news for Floridians.

     As we commence our second half century in Florida banking, BankAtlantic remains financially sound, well capitalized, and dedicated to serving our individual and business customers as we together navigate through this economic cycle. We have confidence in the economic power and resiliency of the Florida economy, and anticipate its full recovery from this downturn, just as Florida has done historically. Now and through this recovery period, BankAtlantic’s over 2000 associates remain committed to providing seven-day convenience, unparalleled service, and a powerful mix of banking products and services to all Floridians.

Thank you for making us your bank.

Alan B. Levan
Chairman
BankAtlantic, “Florida’s Most Convenient Bank”

* * *

About BankAtlantic:
BankAtlantic, “Florida’s Most Convenient Bank”, with $6 billion in assets and more than 100 stores is one of the largest financial institutions headquartered in Florida. BankAtlantic provides a full line of products and services encompassing consumer and commercial banking. BankAtlantic is open 7 days a week and offers holiday hours, extended weekday hours, Totally Free Online Banking & Bill Pay, a 7-Day Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift. BankAtlantic has been serving communities throughout Florida since 1952 and currently operates more than 250 conveniently located ATMs. The bank has supported thousands of charitable, civic and professional organizations since the inception of the BankAtlantic Foundation in 1994.

For further information, please visit our website:
www.BankAtlantic.com

BankAtlantic, “Florida’s Most Convenient Bank,” Contact Info:
Public Relations:
Hattie Hess, Vice President, Public Relations
Telephone: 954-940-6383, Fax: 954-940-6310
Email: hhess@BankAtlantic.com

Public Relations for BankAtlantic:
Boardroom Communications
Caren Berg

Phone: 954-370-8999, Fax: 954-370-8892
Email: caren@boardroompr.com

About BankAtlantic Bancorp:
BankAtlantic Bancorp (NYSE: BBX) is a financial services holding company and the parent company of BankAtlantic.

BankAtlantic Bancorp Contact Info:
Donna Rouzeau,
Assistant Vice President, Investor Relations & Corporate Communications
Email: CorpComm@BankAtlanticBancorp.com
Leo Hinkley,
Senior Vice President, Investor Relations Officer
Email: InvestorRelations@BankAtlanticBancorp.com

Phone: (954) 940-5300, Fax: (954) 940-5320
Mailing Address: BankAtlantic Bancorp, Investor Relations
2100 West Cypress Creek Road, Fort Lauderdale, FL 33309

For further information, please visit our website:
www.BankAtlanticBancorp.com

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