Bank of America Corporation - BAC STOCK NEWS

On January 10, 2022, Bank of America announced its Board of Directors authorized cash dividends on several series of preferred stock. Key details include:

• Series E: $0.25556, payable on February 15, record date January 31.
• Series F: $1,000, payable on March 15, record date February 28.
• Series G: $1,000, payable on March 15, record date February 28.
• Series X: $31.25, payable on March 7, record date February 15.

Dividends are primarily distributed quarterly, with some series on a semi-annual basis.

Bank of America announced the redemption of $500 million in 3.335% Fixed/Floating Rate Senior Bank Notes due January 2023. The redemption will occur on January 25, 2022, at a price equal to 100% of the principal amount, plus accrued interest. Payment for the redemption will be facilitated through The Depository Trust Company. This move reflects the bank's strategic financial management.

Bank of America Corporation announced the redemption of all $1.5 billion of its 3.124% Fixed/Floating Rate Senior Notes and $750 million of its Floating Rate Senior Notes, both due January 2023, on January 20, 2022. The redemption price includes 100% of the principal and accrued interest until the redemption date. Payment will be processed via The Depository Trust Company, with The Bank of New York Mellon Trust Company acting as trustee. The company highlights its strong client service base, with approximately 66 million consumer clients and significant digital banking growth.

Bank of America Corporation has announced regular cash dividends on its preferred stock series for the first quarter of 2022. Key details include:

• Series L: $18.125, payable on January 31
• Series HH: $0.3671875, payable on January 24
• Series MM: $21.50, payable on January 28
• Series NN: $0.2734375, payable on February 3
• Series PP: $0.2578125, payable on February 2

The record date for all series is January 1.

Bank of America has appointed Rita Sola Cook as the new President of Bank of America Chicago, succeeding Paul Lambert, who retired after 30 years. Cook, who joined the bank in 1997, previously held leadership roles in various divisions, including as Division Executive for the Midwest and Mid-Atlantic regions. She aims to connect banking resources across Chicagoland and address social concerns. Lambert's contribution included developing job pathways in underserved communities. The transition highlights continuity in leadership and commitment to community engagement.

The Bank of America Chicago Marathon is set to welcome back 40,000 participants in 2022 following a reduced field in 2021. The event, scheduled for October 9, 2022, will notify runners of their selection status today. Participants can also join through the Charity Program, which has raised over $265 million since 2002, including $21.4 million in 2021 alone. The race aims to ensure safety in collaboration with the City of Chicago and will share health guidelines before the event.

Bank of America announced enhancements to its Preferred Rewards program, adding two new high net worth tiers—Diamond and Diamond Honors—for clients with $1 million and $10 million in assets, respectively. The bank also introduced the Premium Rewards Elite credit card, offering significant travel and lifestyle benefits, including unlimited points on purchases. Additionally, the new Partner Rewards program will soon launch, providing unique merchant discounts and rewards for credit and debit cardholders, emphasizing Bank of America's commitment to enriching client relationships.

Bank of America has announced a $1 million grant to the Straz Center for the Performing Arts, supporting its $80 million Master Plan aimed at transforming the venue into a cultural hub for the Tampa Bay community. The initiative will enhance arts education facilities and improve guest experiences on Tampa's Riverwalk. This ongoing partnership reflects Bank of America's commitment to community engagement and recognizes the economic and educational benefits of the arts.