Bank of America Declares Quarterly Dividend on Series L Preferred Stock

Charlotte, NC - 19 March 2012

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on April 30, 2012 to shareholders of record as of April 1, 2012.

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