Bank of America Declares Quarterly Dividends

  Bank of America Declares Quarterly Dividends

Business Wire

CHARLOTTE, N.C. -- July 11, 2012

Bank of America Corporation today announced the Board of Directors declared a
regular quarterly cash dividend on Bank of America common stock of $0.01 per
share, payable on September 28, 2012 to shareholders of record as of September
7, 2012.

The board also declared a regular quarterly cash dividend of $1.75 per share
on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend
is payable on October 25, 2012 to shareholders of record as of October 11,
2012.

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 approximately 57
million consumer and small business relationships with approximately 5,700
retail banking offices and approximately 17,250 ATMs and award-winning online
banking with 30 million active users. Bank of America is among the world's
leading wealth management companies and is a global leader in corporate and
investment banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the world. Bank
of America offers industry-leading support to approximately 4 million small
business owners through a suite of innovative, easy-to-use online products and
services. The company serves clients through operations in more than 40
countries. 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.

For more Bank of America news, visit the Bank of America newsroom.

                            www.bankofamerica.com

Contact:

Investors May Contact:
Kevin Stitt, Bank of America, 1.980.386.5667
Lee McEntire, Bank of America, 1.980.388.6780
Fixed Income Investors May Contact:
Patti Noneman, Bank of America, 1.980.388.3591
Jonathan Blum, Bank of America, 1.212.449.3112
Reporters May Contact:
Scott Silvestri, Bank of America, 1.980.388.9921
scott.silvestri@bankofamerica.com