BANK OF AMERICA

Investor Relations

Bank of America Declares Preferred Dividends

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CHARLOTTE, N.C., April 3, 2008 /PRNewswire-FirstCall/ -- Bank of America Corporation today announced the Board of Directors has authorized dividends on preferred stock.

A regular quarterly cash dividend of $0.38775 per depositary share on the 6.204% Non-Cumulative Preferred Stock, Series D, is payable on June 16, 2008 to shareholders of record of the Series D Preferred Stock as of May 30, 2008. A regular quarterly cash dividend of $0.25000 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on May 15, 2008 to shareholders of record as of April 30, 2008. A regular quarterly cash dividend of $0.4140625 per depositary share on the 6.625% Non-Cumulative Preferred Stock, Series I, is payable on July 1, 2008 to shareholders of record as of June 15, 2008. A regular quarterly cash dividend of $0.453125 per depositary share on the 7.25% Non-Cumulative Preferred Stock, Series J, is payable on May 1, 2008 to shareholders of record as of April 15, 2008.

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 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 19,000 ATMs and award-winning online banking with nearly 24 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 83 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 Corporation

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