EX-99.1

NYSE

BBX

Sale

BankAtlantic

BB&T

–

Structure

Summary

June 12, 2012

NOTE–

The following presentation contains financial assumptions that continue to be dynamic until

consummation of the transaction. Additionally, the timing of consummation of the sale of BankAtlantic to

BB&T is currently unknown. See the Forward Looking Statement included in this presentation for

additional information.

Exhibit 99.1

NYSE

BBX

Pending Sale of BankAtlantic to BB&T

–

The following slides set forth the material terms of the Amended

Agreement between BankAtlantic Bancorp and BB&T

Corporation dated March 13, 2012 for the sale of BankAtlantic.

•

Additional disclosure is provided in BankAtlantic Bancorp’s Quarterly Report

on Form 10-Q for the quarterly period ended March 31, 2012, and in

BankAtlantic Bancorp’s Form 8-K filed on March 16, 2012.

–

The sale transaction is awaiting regulatory approval.

•

BankAtlantic Bancorp requires pending approvals from the Federal

Reserve;

BankAtlantic received the required approvals from the OCC in April 2012.

•

BB&T requires approvals from the Federal Reserve and the FDIC; it received

the required approval from the North Carolina Office of the Commissioner of

Banks in March 2012.

NYSE

BBX

Pending Sale of BankAtlantic to BB&T

I. Current Structure

NYSE

BBX

Pending Sale of BankAtlantic to BB&T

II. Pre-Closing LLC Formation & Distribution

NYSE

BBX

Pending Sale of BankAtlantic to BB&T

III. Closing Purchase and Assumption

NYSE

BBX

Pending Sale of BankAtlantic to BB&T

IV. Post-Transaction Structure

NYSE

BBX

BankAtlantic Bancorp Parent, Pro Forma Balance Sheet as

of March 31, 2012 *

$ in 000’s

Actual

March 31, 2012

Sale

Transaction

Adjustments

Pro forma

Post-Close

March 31, 2012

Cash & cash equivalents

$ 4,780

19,574

(1)

$ 24,354

Investment in BankAtlantic

286,010

$ (286,010)

(2)

Inv. in Florida Asset

Resolution Group LLC (FAR)

388,761

(3)

388,761

Inv. In BBX Capital Asset

Management LLC (CAM)

140,394

(4)

140,394

Inv. in Bancorp Subsidiaries

15,405

Inv. in TruPS common

10,226

(10,226)

(5)

Other assets

736

Total Assets

$ 317,157

$ 252,493

$ 569,650

Junior sub debt

$ 341,082

$ (341,082)

(5)

BB&T Preferred Interest in

FAR

285,375

(6)

$ 285,375

Other liabilities

7,637

Total Liabilities

$ 348,719

$ (55,707)

$ 293,012

Stockholders’

equity

(31,562)

308,200

(7)

276,638

Total Liabilities & Equity

$ 317,157

$ 252,493

$ 569,650

Pending Sale of BankAtlantic to BB&T

Pro Forma Post-Close Balance Sheet

(1)

Reflects total cash received from the transaction, net

of cash used for the TruPS deferred interest through

closing ($46MM at 3/31/12), legal and other

transaction costs (estimated at $7.7MM). See slide 8.

(2)

Reflects the combined impact of (a) net assets

transferred out of BankAtlantic and into Florida Asset

Resolution Group LLC (FAR) and into BBX Capital

Asset Management LLC (CAM )(see notes (3) and

(4)) and (b) the acquisition of BankAtlantic stock by

BB&T Corp. at closing.

(3)

Reflects the transfer of $389MM of net assets out of

BankAtlantic and into FAR. Includes cash in FAR of

$12MM as of 3/31/12.

(4)

Reflects the transfer of $140 MM in net loans and

REO out of BankAtlantic and into BBX Capital Asset

Management LLC (CAM). CAM cash of $67MM is

included in the Cash line item (see note (1)).

(5)

Reflects the BB&T assumption of the TruPS

obligation, including the TruPS Common Stock of

$10MM and the TruPS principal obligation of

$285MM. See note (1) related to the payment of the

TruPS deferred interest .

(6)

Reflects the establishment of BB&T Corp.’s preferred

interest in FAR of $285MM, as part of their TruPS

assumption.

(7)

Reflects BBX Capital’s gain on the sale transaction as

of 3/31/12, amounting to approximately the purchase

premium less other transaction related costs.

Presented as if the Transaction was consummated as

of March 31, 2012 and does not include the impact of

operations through ultimate consummation.

NYSE

BBX

Cash

from

Transaction

–

Pro

Forma

3/31/12

$ in 000’s

Pro Forma as of 3/31/12

Cash from BBX Capital Asset Management LLC (CAM) cash

flows

$ 66,791

Cash from Deposit Premium, net of BankAtlantic’s Net Asset

Value

5,964

Total Cash Received in Transaction

$ 72,755

Less:

Accrued TruPS interest

$ (45,481)

Legal

and

other

transaction

costs

–

estimated

(7,700)

Net Cash Received in Transaction

$ 19,574

Pending Sale of BankAtlantic to BB&T

Pro Forma Cash from Transaction

Note: BBX Capital’s ongoing cash flows in the near term will come from continued

monetizations and other cash flows from the BBX Capital Asset Management LLC (CAM)

and its existing assets in Bancorp Partners, as well as its interest in the net cash flows

from Florida Asset Resolution Group LLC (FAR).

* This Pro Forma Cash from Transaction is presented as if the Transaction was

consummated as of March 31, 2012, and does not reflect the impact of operations,

changes in deposits, or additional interest, legal and other costs from March 31, 2012

through ultimate consummation. Actual cash at consummation of the Transaction will be

less than this Pro Forma as of March 31, 2012 as a result of additional TruPS interest and

net losses through closing.

NYSE

BBX

Financial

Metrics

–

Pro

Forma

3/31/12

$ in 000’s

Net Cash Received in Transaction

$ 19,574

Trust Preferred Securities Outstanding Debt

$ 0

Unencumbered Net Assets/Net Book Value at BBX Capital

Corp(excluding FAR)

$ 173,252

(1)

Net Assets in FAR

$ 388,761

Debt in FAR (at LIBOR + 200bp)

$ (285,375)

Net Book Value of FAR

$ 103,386

(2)

Consolidated Net Book Value (sum of (1) and (2) )

$ 276,638

Pending Sale of BankAtlantic to BB&T

Financial Metrics

Pro Forma Comparison as of 3/31/12 *

$ in 000’s

BankAtlantic Bancorp

Actual

BBX Capital Corp.

Pro Forma

Consolidated Net Book Value

$ (31,562)

$ 276,638

Consolidated Book Value Per Share

$ (2.01)

$ 17.62

* This Pro Forma Cash from Transaction is presented as if the Transaction was consummated as of March 31,

2012, and does not reflect the impact of operations, changes in deposits, or additional interest, legal and other costs

from March 31, 2012 through ultimate consummation. Actual cash at consummation of the Transaction will be less

than this Pro Forma as of March 31, 2012 as a result of additional TruPS interest and net losses through closing.

NYSE

BBX

BankAtlantic Bancorp will change its name to BBX Capital Corporation, and

anticipates being deregistered as a Savings & Loan Holding Company as

soon as possible post-closing

BBX Capital Corp. will continue as a public entity (BBX:NYSE) with the

same Board of Directors

BBX Capital Corp. plans to manage the assets it retains and engage in a

real estate investment and specialty finance business over time as assets

are monetized

Well positioned for a recovery in the Florida real estate market, with

substantially improved capital, increased liquidity and absence of regulatory

restrictions

Pro forma book value (based on March 31, 2012 balances) increases from

a deficit of ($32) million to $276.6 million, and on a per share

basis, from

($2.01) to $17.62

Note: The pro forma book value and per share amounts do not include the impact of operations from March

31, 2012 through consummation of the transaction or any post-consummation financial results of BBX

Capital Corp. Actual cash at consummation of the Transaction will be less than the Pro Forma as of March

31,

2012

result

additional

TruPS

interest

and

net

losses

through

closing.

BBX Capital Corp.

Post Sale Transaction Operating Platform

NYSE

BBX

•

This presentation contains forward-looking statements based on current expectations that involve a number of

risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements

of historical fact, are forward-looking statements. The forward looking statements in this presentation are also

forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the

Securities Exchange Act of 1934 and involve substantial risks and uncertainties. Although the Company believes

that the expectations contained in these forward-looking statements are based on reasonable assumptions, there

is no assurance that expectations will be attained. Further, the

Company does not undertake, and specifically

disclaims any obligation, to publicly release any update or supplement to any forward-looking statements to reflect

the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. Actual

results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the

control of management. These risks and uncertainties include, but are not limited to, those relating to the pending

sale of BankAtlantic to BB&T, including, without limitation: that the transaction may not be completed in the time

frame indicated, on anticipated terms, or at all; that BankAtlantic Bancorp’s and/or BankAtlantic’s business or net

asset values may be negatively affected by the pendency of the proposed transaction or otherwise; that regulatory

approvals may not be received or may be subject to burdensome or

unacceptable conditions; that the Company

may receive less cash than projected in connection with the closing of the transaction or be required to make a

cash payment to BB&T in connection with the closing; that the transaction may not otherwise be as advantageous

to the Company or its shareholders as expected; that the Company’s future business plans may not be realized as

anticipated, if at all; that the Company’s Class A Common Stock may not meet the requirements for continued

listing on the NYSE; and that the assets retained by the Company

may not be monetized at the values currently

ascribed to them. 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, including the

Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and Quarterly Report on Form

10-Q for the quarter ended March 31, 2012. The Company cautions that the foregoing factors are not exclusive.

BBX Capital Corp.

Forward Looking Statement