Bank of America

Investor Relations

Bank of America Declares Quarterly Dividend

CHARLOTTE, N.C., Jan. 23 /PRNewswire-FirstCall/ -- The Bank of America Board of Directors today declared a regular quarterly dividend on common stock of $.60 per share, payable on March 22, 2002 to shareholders of record March 1, 2002.

The board also declared a $1.75 regular cash dividend on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable April 25, 2002, to shareholders of record on April 11, 2002.

One of the world's leading financial services companies, Bank of America is committed to making banking work for customers like it never has before. Through innovative technologies and the ingenuity of its people, Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives.

Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. The company's Web site is www.bankofamerica.com. News, speeches and other corporate information may be found at www.bankofamerica.com/newsroom.

SOURCE Bank of America Corporation

CONTACT:          investors, Kevin Stitt, +1-704-386-5667, or Lee McEntire,
                  +1-704-388-6780, or media, Eloise Hale, +1-704-387-0013, or
                  eloise.hale@bankofamerica.com, of Bank of America Corporation

URL:              http://www.bankofamerica.com/newsroom
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire.  All rights reserved.
Bank of America

Terms of Use

The information contained on this Investor Relations web site is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities.

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 This information may have since become superseded as a result of later circumstances or events.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.