Bank of America Schedules Special Shareholder Meeting to Vote on Fleet Merger
CHARLOTTE, N.C., Jan. 12 /PRNewswire-FirstCall/ -- Bank of America Corporation today announced that it will hold a special meeting of shareholders on March 17 to vote on its proposed merger with FleetBoston Financial Corporation.
Shareholders of record on January 26, 2004 will be entitled to vote. The meeting will be held in the Palmetto Room of the International Trade Center, in Charlotte, N.C. beginning at 10 a.m.
Under terms of the agreement, Fleet Boston Financial stockholders will receive .5553 shares of Bank of America common stock for each of their shares. The agreement has been approved by both boards of directors and is subject to normal regulatory approval.
Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations and institutions with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience for consumers in the United States, serving 1 in 3 American households with 4,200 banking centers, more than 13,100 ATMs and an award-winning internet site with more than seven million active online users. Bank of America is rated the number one Small Business Administration Lender in the United States by the SBA. The company serves clients in 150 countries and has relationships with 94 percent of the U.S. Fortune 500 companies and 76 percent of the Global Fortune 500. The seventh most profitable company in the United States, Bank of America had $737 billion in assets, $411 billion in deposits and a market capitalization of $116.2 billion at September 30, 2003. Bank of America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange. For more information, please go to www.bankofamerica.com .
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