Bank of America Declares Quarterly Dividends

CHARLOTTE, N.C., Jan 11, 2012 (BUSINESS WIRE) — Bank of America Corporation
today announced the Board of Directors declared a regular quarterly cash
dividend on Bank of America common stock of $0.01 per share, payable on March
23, 2012 to shareholders of record as of March 2, 2012.

The board also declared a regular quarterly cash dividend of $1.75 per share on
the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is
payable on April 25, 2012 to shareholders of record as of April 11, 2012.

Bank of America

Bank of America is one of the world’s largest financial institutions, serving
individual consumers, small- and middle-market businesses and large corporations
with a full range of banking, investing, asset management and other financial
and risk management products and services. The company provides unmatched
convenience in the United States, serving approximately 58 million consumer and
small business relationships with approximately 5,700 retail banking offices and
approximately 17,750 ATMs and award-winning online banking with 30 million
active users. Bank of America is among the world’s leading wealth management
companies and is a global leader in corporate and investment banking and trading
across a broad range of asset classes, serving corporations, governments,
institutions and individuals around the world. Bank of America offers
industry-leading support to approximately 4 million small business owners
through a suite of innovative, easy-to-use online products and services. The
company serves clients through operations in more than 40 countries. Bank of
America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial
Average and is listed on the New York Stock Exchange.

For more Bank of America news, visit the Bank of America newsroom.

www.bankofamerica.com

SOURCE: Bank of America

CONTACT:
Investors May Contact:
Kevin Stitt, Bank of America, 1.980.386.5667
Lee McEntire, Bank of America, 1.980.388.6780
Fixed Income Investors May Contact:
Patti Noneman, Bank of America, 1.980.388.3591
Jonathan Blum, Bank of America, 1.212.449.3112
Reporters May Contact:
Scott Silvestri, Bank of America, 1.980.388.9921
scott.silvestri@bankofamerica.com

Copyright Business Wire 2012

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KEYWORD: United States

North America

North Carolina
INDUSTRY KEYWORD: Professional Services

Banking

Finance

Other Professional Services
SUBJECT CODE: Dividend