Bank of America

Investor Relations

Bank of America Declares Quarterly Dividend

CHARLOTTE, N.C., Oct. 25 /PRNewswire/ -- Bank of America Corporation today announced its Board of Directors approved a regular quarterly dividend on common stock of $0.64 per share payable on December 28, 2007 to shareholders of record on December 7, 2007.

The board also declared four additional dividends. The first is a $1.75 regular cash dividend on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable January 25, 2008 to shareholders of record on January 11, 2008. The second is a regular quarterly cash dividend of $0.38775 per depositary share representing the corporation's 6.204% Non- Cumulative Preferred Stock, Series D, payable December 14, 2007 to shareholders of record on November 30, 2007. The third is a regular quarterly cash dividend of $0.37742 per depositary share representing the corporation's Floating Rate Non-Cumulative Preferred Stock, Series E, payable November 15, 2007 to shareholders of record on October 31, 2007. The fourth is a regular quarterly cash dividend of $0.437065972 per depositary share representing the corporation's 6.625% Non-Cumulative Preferred Stock, Series I, payable January 2, 2008 to shareholders of record on December 15, 2007.

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 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with more than 23 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

www.bankofamerica.com

SOURCE Bank of America

CONTACT: Investors, Kevin Stitt, +1-704-386-5667, Lee McEntire, +1-704-388-6780, or Leyla Pakzad, +1-704-386-2024, all of Bank of America; Reporters, Scott Silvestri, Bank of America, +1-980-388-9921, scott.silvestri@bankofamerica.com

Bank of America

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The financial and other information that may be accessed on this Investor Relations web site speaks only as of the particular dates referenced in the information or the dates the information was originally issued. This information may have since become superseded as a result of later circumstances or events. Bank of America does not undertake any obligation, and disclaims any duty, to update this information. In addition, this information may contain forward-looking statements that are subject to various risks and uncertainties that could cause actual outcomes or results to differ materially from those expressed in or implied by any forward-looking statement. The risks and uncertainties that could affect the company's actual outcomes or results are discussed more fully in our most recent Annual Report on Form 10-K, as well as any updated risks and uncertainties contained in subsequent reports filed with the Securities and Exchange Commission.