Exhibit 99(c)
[Goldman
Sachs Letterhead]
April 30, 2008
Board of Directors
Countrywide Financial Corporation
4500 Park Granada
Calabasas, California 91302
Re: |
|
Amendment No. 2 to Registration Statement on Form S-4 of Bank of America Corporation,
filed April 30, 2008 (File No. 333-149204) |
Gentlemen:
Reference is made to our opinion letter, dated
January 10, 2008, with respect to the fairness from
a financial point of view to the holders of the outstanding shares of common stock, par value $0.05
per share (the Shares), of Countrywide Financial Corporation (the Company) of the exchange
ratio of 0.1822 shares of common stock, par value $0.01 per share, of Bank of America Corporation
(Bank of America) to be received for each Share pursuant to the Agreement and Plan of Merger,
dated as of January 10, 2008, by and among Bank of America, Red Oak Merger Corporation, a wholly
owned subsidiary of Bank of America, and the Company.
The foregoing opinion letter was provided for the information and assistance of the Board of
Directors of the Company in connection with its consideration of the transaction contemplated
therein and is not to be used, circulated, quoted or otherwise referred to for any other purpose,
nor is it to be filed with, included in or referred to in whole or in part in any registration
statement, proxy statement or any other document, except in accordance with our prior written
consent. We understand that the Company has determined to include our opinion in the above
referenced Registration Statement, as amended.
In that regard, we hereby consent to the reference to our opinion under the captions
Summary Goldman, Sachs & Co. and Sandler ONeill & Partners, L.P. Have Each Provided an Opinion to
the Countrywide Board of Directors Regarding the Merger Consideration, Risk Factors The opinions
obtained by Countrywide from its financial advisors will not reflect changes in circumstances
between signing the merger agreement and the merger, The Merger Background of the Merger, The
Merger Countrywides Reasons for the Merger Recommendation of the Countrywide Board of Directors
and The Merger Opinions of Countrywides Financial Advisors and to the inclusion of the foregoing
opinion in the Proxy Statement/Prospectus included in the
above-mentioned Registration Statement, as amended.
Notwithstanding the foregoing, it is understood that our consent is being delivered solely in
connection with the filing of the above-mentioned version of the Registration Statement and that
our opinion is not to be used, circulated, quoted or otherwise referred to for any other purpose,
nor is it to be filed with, included in or referred to in whole or in part in any registration
statement (including any subsequent amendments to the above-mentioned version of the Registration
Statement), proxy statement or any other document, except in accordance with our prior written
consent. In giving such consent, we do not thereby admit that we come within the category of
persons whose consent is required under Section 7 of the
Securities Act of 1933 or the rules and regulations of the Securities and Exchange Commission
thereunder.
Very truly yours,
/s/
Goldman, Sachs & Co.
(GOLDMAN, SACHS & CO.)