Bank of America Declares Preferred Dividends

Bank of America Corporation today announced the Board of
Directors has authorized dividends on preferred stock. A quarterly
cash dividend of $0.38775 per depositary share on the 6.204 percent
Non-Cumulative Preferred Stock, Series D, is payable on March 14,
2012 to shareholders of record as of February 29, 2012. A quarterly
cash dividend of $0.25556 per depositary share on the Floating Rate
Non-Cumulative Preferred Stock, Series E, is payable on February
15, 2012 to shareholders of record as of January 31, 2012. A
quarterly cash dividend of $0.5125 per depositary share on the 8.20
percent Non-Cumulative Preferred Stock, Series H, is payable on
February 1, 2012 to shareholders of record as of January 15, 2012.
A quarterly cash dividend of $0.4140625 per depositary share on the
6.625 percent Non-Cumulative Preferred Stock, Series I, is payable
on April 2, 2012 to shareholders of record as of March 15, 2012. A
quarterly cash dividend of $0.453125 per depositary share on the
7.25 percent Non-Cumulative Preferred Stock, Series J, is payable
on February 1, 2012 to shareholders of record as of January 15,
2012. A semi-annual cash dividend of $40.00 per depositary share on
the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series
K, is payable on January 30, 2012 to shareholders of record as of
January 15, 2012. A quarterly cash dividend of $0.19167 per
depositary share on the Floating Rate Non-Cumulative Preferred
Stock, Series 1, is payable on February 28, 2012 to shareholders of
record as of February 15, 2012. A quarterly cash dividend of
$0.19167 per depositary share on the Floating Rate Non-Cumulative
Preferred Stock, Series 2, is payable on February 28, 2012 to
shareholders of record as of February 15, 2012. A quarterly cash
dividend of $0.3984375 per depositary share on the 6.375 percent
Non-Cumulative Preferred Stock, Series 3, is payable on February
28, 2012 to shareholders of record as of February 15, 2012. A
quarterly cash dividend of $0.25556 per depositary share on the
Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable
on February 28, 2012 to shareholders of record as of February 15,
2012. A quarterly cash dividend of $0.25556 per depositary share on
the Floating Rate Non-Cumulative Preferred Stock, Series 5, is
payable on February 21, 2012 to shareholders of record as of
February 1, 2012. A quarterly cash dividend of $0.41875 per
depositary share on the 6.70 percent Noncumulative Perpetual
Preferred Stock, Series 6, is payable on March 30, 2012 to
shareholders of record as of March 15, 2012. A quarterly cash
dividend of $0.390625 per depositary share on the 6.25 percent
Noncumulative Perpetual Preferred Stock, Series 7, is payable on
March 30, 2012 to shareholders of record as of March 15, 2012. A
quarterly cash dividend of $0.5390625 per depositary share on the
8.625 percent Non-Cumulative Preferred Stock, Series 8, is payable
on February 28, 2012 to shareholders of record as of February 15,
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. www.bankofamerica.com