CHARLOTTE, N.C., April 6, 2006 -- Bank of America Global Treasury Services (GTS) today announced the creation of the U.S.-based International Treasury Management Business Development Team to better meet the needs of U.S. corporations with substantial international operations. Designed to supplement existing sales groups located in various international markets, the newly created U.S. team brings decades of valuable international treasury and working capital experience to U.S. clients.

"Our expanded team allows Bank of America to deepen its global treasury leadership with U.S.-based companies by helping clients seamlessly integrate their global banking needs," said Tim Laney, GTS Global Corporate Sales Executive.

According to CFO Outlook*, an independent study of manufacturing businesses conducted annually by Bank of America, 84% of companies surveyed conduct business internationally. Of those companies, 72% buy from foreign suppliers, 67% sell to foreign markets and 45% have operations outside the United States. Additionally, 68% of companies that sell to foreign markets expect sales to increase in 2006. The new team, comprised of treasury sales associates located in hub cities across the U.S., will help Bank of America better serve and support the rapid international growth of U.S. multinationals by more closely aligning the GTS organization to the structure of these clients.

Laney has selected Eduardo Vergara as U.S. International Sales Executive to lead the effort.

"American companies are growing their businesses in new markets at a very rapid pace. As the largest global provider of treasury services, our structure will allow us to provide the best advice and solutions to our clients," said Vergara who is also Canada Executive responsible for GTS sales efforts in Canada.

* source: CFO Outlook, Bank of America Business Capital. Eighth annual independent survey of 600 manufacturing company CFOs

About Bank of America Global Treasury Services

Global Treasury Services (GTS) is a $6 billion revenue division of Bank of America that provides integrated working capital management and treasury solutions to business and institutional clients. GTS services include treasury management, trade finance, foreign exchange, short-term credit facilities, and global liquidity management. Bank of America GTS is a leading provider in treasury and trade services globally based on revenue, and is an industry leader in payments transformation.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with more than 5,800 retail banking offices, more than 16,500 ATMs and award-winning online banking with more than eleven million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.