Bank of America Corporation Declares Dividends

Charlotte, N.C. (PROTEXT) - The Bank of America Corporation(NYSE: BAC) board of directors today declared a regular quarterlydividend of $.45 per share on Bank of America common stock. The dividend is payable September 24, 1999 to shareholders ofrecord on September 3, 1999. The board also declared regular quarterly dividends on twopreferred stock issues. A $1.75 cash dividend was declared on the7 percent Cumulative Redeemable Preferred Stock, Series B. Thedividend is payable October 28, 1999 to shareholders of record onOctober 14, 1999. A cash dividend of 62.5 cents was declared on the $2.50Cumulative Convertible Preferred Stock, Series BB, payable onOctober 1, 1999 to shareholders of record on September 3, 1999.The company has announced the redemption of the Series BBPreferred Stock, which was initially issued by Barnett Banks,Inc. prior to its merger with Bank of America. The redemptiondate is October 1, 1999 with a redemption price of $25 per share.Shareholders have the right to convert their shares into commonstock of the corporation through September 16, 1999. Thecorporation expects all preferred shareholders to exercise theirconversion rights. Bank of America, with $614 billion in assets, is the largestbank in the United States. The company serves more than 30million households and 2 million businesses across the country,offering customers the largest and most convenient deliverynetwork from offices and ATMs to telephone and internet access.It also provides comprehensive international corporate financialservices for clients doing business around the world. The companycreates financial relationships featuring a full array offinancial services, from traditional banking products toinvestments and capital raising within the securities markets.Bank of America stock (ticker: BAC) is listed on the New York,Pacific and London stock exchanges and certain shares are listedon the Tokyo Stock Exchange. Further investor information can befound at www.bankofamerica.com/investor . www.bankofamerica.com ots Original Text Service: Bank ofAmerica Corporation Internet: http://www.newsaktuell.de Contact:investors, Susan Carr, (USA) 704-386-8059, or Kevin Stitt, (USA)704-386-5667, or media, Bob Stickler, (USA) 704-386-8465, allof Bank of America Corporation Web site:http://bankofamerica.com/investor Web site:http://bankofamerica.com

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