Bank of America Declares Dividend of $.01

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 March 25, 2011, to shareholders of record as of March 4, 2011. The board also declared a regular quarterly cash dividend of $1.75 on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on April 25, 2011 to shareholders of record as of April 11, 2011.