BANK OF AMERICA

Investor Relations

Bank of America Declares Quarterly Dividends

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CHARLOTTE, N.C., April 23 /PRNewswire/ -- Bank of America today said the Board of Directors declared the regular quarterly dividend on common stock of $0.64 per share, payable on June 27, 2008, to shareholders of record as of June 6, 2008.

The board also declared a $1.75 regular quarterly cash dividend on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable July 25, 2008, to shareholders of record as of July 9, 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 18,500 ATMs and award-winning online banking with nearly 25 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 more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

SOURCE Bank of America

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