BANK OF AMERICA

Investor Relations

Bank of America Declares Quarterly Dividends

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CHARLOTTE, N.C., April 25 /PRNewswire/ -- The Bank of America Board of Directors today declared a regular quarterly dividend on common stock of $0.56 per share, payable on June 22, 2007, to shareholders of record on June 1.

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The board also declared three additional dividends. The first is a $1.75 regular cash dividend on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable July 25, 2007, to shareholders of record on July 11, 2007. The second is a regular quarterly cash dividend of $0.38775 per depositary share representing the corporation's 6.204% Non-Cumulative Preferred Stock, Series D, payable June 14, 2007 to shareholders of record on May 31, 2007. The third declared dividend is a regular quarterly cash dividend of $0.35291 per depositary share representing the corporation's Floating Rate Non-Cumulative Preferred Stock, Series E, payable May 15, 2007 to shareholders of record on April 30, 2007.

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 56 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with nearly 22 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 98 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

SOURCE Bank of America

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