ASHEVILLE, N.C., Sept. 19, 2024 /PRNewswire/ -- Today, Bank of America is announcing that David Dowd has been named president of Bank of America Asheville. As president, David will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration across the bank's eight lines of business. He will oversee the bank's efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen client relationships. He will also lead the effort to deploy the bank's resources to help advance economic mobility and build strong communities.

CHARLOTTE, N.C., Sept. 18, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

Series of Preferred Stock

Dividend per Shareor Depositary Share1

Record Date

Payment Date

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L

$18.125

October 1

October 30

Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z

$32.500

October 1

October 23

5.875% Non-Cumulative Preferred Stock, Series HH

$0.3671875

October 1

October 24

4.375% Non-Cumulative Preferred Stock, Series NN

$0.2734375

October 15

November 4

4.125% Non-Cumulative Preferred Stock, Series PP

$0.2578125

October 15

November 4

4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR

$10.9375000

October 1

October 28

6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT

$15.3125000

October 1

October 28

CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 25, 2024, all $2,000,000,000 principal amount outstanding of its 0.981% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 06051GJG5) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 25, 2024.  Interest on the Notes will cease to accrue on the redemption date.

CBS and Paramount+ to Expand Weekend Coverage

AUGUSTA, Ga., Sept. 17, 2024 /PRNewswire/ -- Fred Ridley, Chairman of Augusta National Golf Club and the Masters Tournament, announced today that Bank of America will become a Champion Partner of the Masters Tournament, beginning with the 2025 Masters Tournament. Additionally, the Chairman has announced that CBS Sports will expand coverage hours of the Tournament on Saturday and Sunday also beginning in 2025.

CHARLOTTE, N.C., Sept. 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 1, 2024, all $1,750,000,000 principal amount outstanding of its 3.093% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GGT0) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of October 1, 2024. Interest on the Notes will cease to accrue on the redemption date.

The bank has committed to $25 per hour by 2025

CHARLOTTE, N.C., Sept. 10, 2024 /PRNewswire/ -- Today, Bank of America announced that it has raised its U.S. minimum hourly wage to $24 per hour, the latest step in the company's commitment to $25 by 2025. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to nearly $50,000. The increase applies to all full-time and part-time hourly positions in the U.S.

Dando vida a la Economía: Giving Life to the U.S. EconomyU.S. Latina GDP Report Indicates Tremendous Growth and Key Drivers

LOS ANGELES, Aug. 26, 2024 /PRNewswire/ -- New data from leading researchers indicates that female Hispanics in the U.S. have contributed $1.3 trillion in 2021 to the gross domestic product (GDP), representing over 50% growth in a decade. The U.S. Latina GDP Report, funded by Bank of America, is first of its kind research on the significant and rapidly growing economic contribution of the nation's Hispanic female population. Led by professors Matthew Fienup, Ph.D., California Lutheran University, and David Hayes-Bautista, Ph. D, UCLA Geffen School of Medicine, the Latina GDP report found that U.S. Latina GDP grew at 2.7 times the rate of the GDP of Non-Hispanics between 2010 to 2021. Today, the Latina GDP is larger than the entire economy of the state of Florida. 

CHARLOTTE, N.C., Aug. 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on August 24, 2024 all €1,500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due August 24, 2025 (ISIN: XS2345784057; Common Code: 234578405) (the "Notes"). 

The Notes were issued under the Bank of America Corporation U.S.$65,000,000,000 Euro Medium-Term Note Program.  The redemption price for the Notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount (as specified in the applicable Final Terms dated May 20, 2021), plus accrued and unpaid interest to, but excluding, the redemption date of August 24, 2024.  Since August 24, 2024 is not a business day, the redemption price for the Notes will be paid on the next succeeding business day, August 27, 2024.  Interest on the Notes will cease to accrue on the redemption date.

CHARLOTTE, N.C., Aug. 15, 2024 /PRNewswire/ -- FIFA is proud to announce Bank of America as its Official Bank Sponsor of FIFA World Cup 26™, confirming a historic partnership that underscores the global financial institution's commitment to promoting wellness, supporting the pursuit of excellence and making a human connection and community impact through the power of sport.

CHARLOTTE, N.C., Aug. 8, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 20, 2024 all CAD500,000,000 principal amount outstanding of its 3.407% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 060505FG4, ISIN: CA060505FG45) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 20, 2024.  Interest on the Notes will cease to accrue on the redemption date.