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Press release from Business Wire

Bank of America Declares Quarterly Dividends

Wednesday, October 24, 2012

Bank of America Declares Quarterly Dividends10:24 EDT Wednesday, October 24, 2012 CHARLOTTE, N.C. (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 December 28, 2012 to shareholders of record as of December 7, 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 January 25, 2013 to shareholders of record as of January 11, 2013. 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 more than 55 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 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 more than 3 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 Investors May Contact:Kevin Stitt, Bank of America, 1.980.386.5667Lee McEntire, Bank of America, 1.980.388.6780Fixed Income Investors May Contact:Patti Noneman, Bank of America, 1.980.388.3591Jonathan Blum, Bank of America, 1.212.449.3112Reporters May Contact:Scott Silvestri, Bank of America, 1.980.388.9921scott.silvestri@bankofamerica.com