Bank of America Announces the Redemption of 6.000 Percent Subordinated InterNotes® Due August 15, 2034

  Bank of America Announces the Redemption of 6.000 Percent Subordinated
  InterNotes® Due August 15, 2034

Business Wire

CHARLOTTE, N.C. -- July 12, 2012

Bank of America Corporation announced that it is calling for redemption in
full on August 15, 2012 the remaining principal amount of $127,688,875 of its
outstanding 6.000 percent Subordinated InterNotes^® due August 15, 2034, CUSIP
060505864, NYSE Symbol IKR (the “Notes”). The Notes will be redeemed at a
price equal to 100 percent of the principal amount of the Notes, plus unpaid
interest accrued to August 15, 2012. From and after August 15, 2012, no
interest will accrue on the Notes, and the only remaining right of holders of
the Notes will be to receive the redemption price.

The Notes are to be surrendered to The Bank of New York Mellon, as trustee and
paying agent, in exchange for the redemption price.

The address of the Trustee/Paying Agent is as follows:

The Bank of New York Mellon
101 Barclay Street
New York, New York 10286

This press release is for information purposes only and shall not constitute
an offer to purchase or redeem the Notes.

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.

Forward-Looking Statements

Certain statements in this news release represent the current expectations,
plans or forecasts of Bank of America and are forward-looking. Forward-looking
statements can be identified by the fact that they do not relate strictly to
historical or current facts. These statements often use words like “expects,”
“anticipates,” “believes,” “estimates,” “targets,” “intends,” “plans,”
“predict,” “goal” and other similar expressions or future or conditional verbs
such as “will,” “may,” “might,” “should,” “would” and “could.” Forward-looking
statements speak only as of the date they are made, and Bank of America
undertakes no obligation to update any forward-looking statement to reflect
the impact of circumstances or events that arise after the date the
forward-looking statement was made.

These statements are not guarantees of future results or performance and
involve certain risks, uncertainties and assumptions that are difficult to
predict and are often beyond Bank of America’s control. Actual outcomes and
results may differ materially from those expressed in, or implied by, any of
these forward-looking statements. You should not place undue reliance on any
forward-looking statement and should consider all of the uncertainties and
risks discussed under Item 1A. “Risk Factors” of Bank of America’s Annual
Report on Form 10-K for the year ended December 31, 2011 and in any of Bank of
America’s other subsequent Securities and Exchange Commission filings.

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

                            www.bankofamerica.com

Contact:

Reporters May Contact:
Scott Silvestri, Bank of America, 1.980.388.9921
scott.silvestri@bankofamerica.com