Bank of America

Investor Relations

Retired Four-Star U.S. Army General Tommy Franks Appointed to Bank of America Board of Directors

CHARLOTTE, N.C., Dec. 13 /PRNewswire/ -- Tommy Franks, retired four-star U.S. Army general, today was appointed to the Bank of America board of directors effective with the January board meeting.

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Franks, 60, was appointed to the board for his leadership experience, stemming from nearly 40 years of military service. Capped by his role as Commander in Chief of the United States Central Command, Franks formulated, coordinated and executed all combat operations in Iraq and Afghanistan in 2003.

"Tommy Franks' experience managing large, very complex operations and logistics will be invaluable," said Chairman and Chief Executive Officer Ken Lewis. "This, coupled with his ability to develop strategy and lead others, makes him an ideal director for a corporation of our size and complexity."

Bank of America, the fifth most-profitable company in the world, each day responds to more than half of a million customer calls, handles more than three million teller transactions and processes more than 40 million checks. The company serves nearly one in every three households and one in every four businesses in the United States.

Franks, who lives in Florida, has been awarded five Distinguished Service Medals, four Legions of Merit, four Bronze Stars and three Purple Hearts. He received the country's highest civilian award, the Presidential Medal of Freedom and was appointed Knight Commander of the Order of the British Empire (KBE) by order of Her Majesty Queen Elizabeth II.

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 38 million consumer and small business relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 14 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 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

SOURCE Bank of America

/CONTACT: Media, Terry Francisco of Bank of America, +1-704-386-4343/ /Photo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com / /Web site: http://www.bankofamerica.com/ (BAC)

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