CHARLOTTE, N.C., Oct. 4, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 22, 2024, all $2,000,000,000 principal amount outstanding of its 2.456% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GHW2) (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 22, 2024.  Interest on the Notes will cease to accrue on the redemption date.

CHICAGO, Oct. 3, 2024 /PRNewswire/ -- Today the teams behind Chicago's premier racing portfolio announced registration information for the events that will make up the third annual Bank of America Chicago Distance Series. The Distance Series connects the Bank of America Chicago Marathon, Chicago 13.1 and Shamrock Shuffle 8K Run in a unique challenge that rewards participants who finish all three events in 2025 with an exclusive medal and guaranteed entry to the 2026 Chicago Marathon. Individuals interested in participating are encouraged to get their names in early to ensure they can take part in the series. Registration for the Chicago 13.1 and Shamrock Shuffle launches today with special discounted pricing. The four-week application period for the 2025 Bank of America Chicago Marathon will open on Tuesday, October 22.

Product Allows Buyers to Make GBP or EUR Payments by Virtual Card to Suppliers That Prefer Bank Transfers

LONDON, Oct. 2, 2024 /PRNewswire/ -- Bank of America, a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA1 with the launch of Virtual Payables Direct. The business-to-business (B2B) payment solution provides buyers with the usual working capital advantages of a card transaction – such as extended payment terms – in addition to a new enhancement that allows suppliers to be paid via a direct bank transfer. This comes at a time when the global B2B payments market is growing rapidly and is projected to reach over US$2.4 trillion by 20312.

Only 47% of college students feel financially prepared for the "real world"

CHARLOTTE, N.C., Sept. 26, 2024 /PRNewswire/ -- Bank of America today announced a new solution to help parents support their children as they begin their financial journeys. SafeBalance Banking® for Family Banking is a bank account that offers parents the tools and resources they need to help their children practice healthy financial habits and learn to manage their money through a convenient, secure digital experience.

Independent Study Proves Event is Economically Crucial for Tourism Industry, Local Businesses, and Job Growth

CHICAGO, Sept. 24, 2024 /PRNewswire/ -- The Bank of America Chicago Marathon continues to generate significant impact for the Chicagoland region, with the 2023 race contributing a record-breaking $547 million to the city's economy, a 42% increase from the $386 million impact in 2022, according to an independent economic impact study conducted by Jones & Associates Economics.

Continuing its decade-long expansion, company opens first financial center in Louisville, Kentucky – with plans for five there over the next year

Since 2014, BofA has invested over $5 billion in financial center expansion

CHARLOTTE, N.C. , Sept. 23, 2024 /PRNewswire/ -- Over the last 10 years, Bank of America has been expanding its financial center network, opening locations nationwide in new and existing markets. The bank is on track to open more than 165 new centers across 63 markets by the end of 2026, including nearly 40 this year. This is in addition to the more than 100 centers the company opened over the last two years.

CHARLOTTE, N.C., Sept. 20, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z (CUSIP No. 060505EM2), liquidation preference $25,000 per share (the "Preferred Stock"), and the corresponding depositary shares each representing a 1/25th interest in a share of the Preferred Stock (CUSIP No. 060505EL4) (the "Depositary Shares"). 

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.

App on Track to Reach $1 Trillion by Year End

NEW YORK, July 25, 2024 /PRNewswire/ -- Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years. Corporate payment approvals completed via the CashPro App surpassed a record $500 billion as of the middle of this year – up nearly 40% compared to the middle of last year – and are on pace to reach a trillion dollars by the end of 2024.

CHARLOTTE, N.C., July 24, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, up $0.02 from the prior quarter. The dividend is payable on September 27, 2024 to shareholders of record as of September 6, 2024.

The Board also authorized a new $25 billion common stock repurchase program, effective August 1, 2024, to replace the company's current program, which will expire on that date. As of June 30, 2024, the current program had approximately $6.7 billion in common stock repurchases remaining. Today's authorization will continue to provide additional capital return flexibility going forward, in line with the company's commitment to return to shareholders excess capital that is not needed to support economic growth, deliver for customers and communities, invest in the future and sustain strength and stability through the economic cycle.

Prestigious Program Has Provided 4,500 Students with Work Experience, Leadership Skills to Help Build Future Careers

WASHINGTON, July 24, 2024 /PRNewswire/ -- Bank of America is celebrating two decades of helping prepare the next generation of the nation's workforce for skilled, high-demand careers through its signature philanthropic program, Student Leaders® (#BofAStudentLeaders). Launched in 2004, the program connects service-minded high school juniors and seniors to eight-week paid summer internships with local nonprofits to gain early work experience and leadership skills. With these internships often representing the students' first paychecks, the teens also receive financial education coaching through Bank of America's Better Money Habits® platform.