Bank of America (Public, NYSE:BAC) Declares Preferred Dividends

(July 2nd, 2010)

CHARLOTTE, North Carolina - Bank of America's (Public, NYSE:BAC) Board of Directors today announced they have authorized quarterly cash dividends on preferred stock to be paid on the following terms:

• A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on September 14, 2010 to shareholders of record as of August 31, 2010.
  
• A quarterly cash dividend of $0.255560 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on August 16, 2010 to shareholders of record as of July 30, 2010.
  
• A quarterly cash dividend of $0.5125 per depositary share on the 8.20 percent Non-Cumulative Preferred Stock, Series H, is payable on August 2, 2010 to shareholders of record as of July 15, 2010.
  
• A quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series I, is payable on October 1, 2010 to shareholders of record as of September 15, 2010.
  
• A quarterly cash dividend of $0.453125 per depositary share on the 7.25 percent Non-Cumulative Preferred Stock, Series J, is payable on August 2, 2010 to shareholders of record as of July 15, 2010.
  
• A semi-annual cash dividend of $40.000 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K, is payable on July 30, 2010 to shareholders of record as of July 15, 2010.
  
• A quarterly cash dividend of $0.191670 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on August 31, 2010 to shareholders of record as of August 15, 2010.
  
• A quarterly cash dividend of $0.191670 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on August 31, 2010 to shareholders of record as of August 15, 2010.
  
• A quarterly cash dividend of $0.3984375 per depositary share on the 6.375 percent Non-Cumulative Preferred Stock, Series 3, is payable on August 30, 2010 to shareholders of record as of August 15, 2010.
  
• A quarterly cash dividend of $0.255560 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable on August 31, 2010 to shareholders of record as of August 15, 2010.
  
• A quarterly cash dividend of $0.255560 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 5, is payable on August 23, 2010 to shareholders of record as of August 1, 2010.
  
• A quarterly cash dividend of $0.418750 per depositary share on the 6.70 percent Noncumulative Perpetual Preferred Stock, Series 6, is payable on September 30, 2010 to shareholders of record as of September 15, 2010.
  
• A quarterly cash dividend of $0.390625 per depositary share on the 6.25 percent Noncumulative Perpetual Preferred Stock, Series 7, is payable on September 30, 2010 to shareholders of record as of September 15, 2010.
  
• A quarterly cash dividend of $0.5390625 per depositary share on the 8.625 percent Non-Cumulative Preferred Stock, Series 8, is payable on August 31, 2010 to shareholders of record as of August 15, 2010.
  
  For the market close July 2nd, 2010 leading up to the big July 4th holiday weekend, Bank of America (Public, NYSE:BAC)'s shares closed down 1.28% with a market capitalization of $138.86 billion and 10.03 billion shares trading on the New York Stock Exchange.

  About Bank of America

  Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Banking, Global Markets, Global Wealth & Investment Management (GWIM), with the remaining operations recorded in All Other. On January 1, 2009, the Company completed the acquisition of Merrill Lynch.
  
  Website: https://www.bankofamerica.com
  
  Employees: 283,914
  
  Head Office:
  
  100 North Tryon St., 18th Fl.
  Charlotte, NC 28255
  United States - Map
  +1-704-3865681 (Phone)
  +1-704-3866699 (Fax)
  
  Read Bank of America's 2009 Annual Investors Report here.