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Ref: Bank of America offers loan, credit and other financial assistance after California fires

Bank of America

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Bank of America Announces Disaster Relief Program Aiding Customers Impacted by Southern California Wildfires



Program in addition to $1 million donation announced yesterday to aid first responders and evacuees

LOS ANGELES, Oct. 25 /PRNewswire/ -- In an effort to help individuals and small-business customers affected by the wildfires impacting Southern California, Bank of America today announced a disaster relief program, which includes: special loan options, assistance for existing loan and credit card customers, and a toll-free bilingual telephone number.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

Additionally, Bank of America will waive ATM fees for non-customers at more than 200 ATMs in San Diego County, including a new mobile ATM unit that has been set up at the Rancho Bernardo assistance center. In order to maintain cash reserves, ATM cash withdrawals will be limited to $200 per day for non- customers at these ATMs.

The disaster relief program is in addition to a $1 million donation announced yesterday by the Bank of America Charitable Foundation to aid first responders and evacuees of the fires in Southern California.

"This is one of most devastating wildfires in the history of our state, and Bank of America is making its full resources available to aid the families, businesses and communities most affected," said Janet Lamkin, president, Bank of America California. "We will continue to monitor the impact of the fires on our customers, our associates and the Southern California communities to ensure that we are doing everything we can to help."

Under the company's disaster relief program, Bank of America customers affected by the wildfires may:

-- Receive emergency credit line increases on their existing credit
cards.
-- Modify, defer or extend payments on loans, credit cards or lines of
credit.
-- Access a special Bank of America home equity program that enables them
to incur no fees on new loans, obtain a new home equity credit line or
increase the credit limit on an existing Bank of America home equity
line.
-- Purchase a new primary residence through the company's special
mortgage program (Bank of America will waive all loan fees and
expedite the process).
-- Avoid bank withdrawal penalties on time deposits and existing Bank of
America Individual Retirement Accounts (IRAs).
-- Small businesses may also qualify for similar benefits on both
business and personal loans.
Customers in the impacted counties may apply for assistance under the program through December 9, 2007 in any Bank of America banking center*, or by calling 866-500-5279 to speak with bank associates in English or Spanish. For assistance with credit card accounts, customers should call the phone number on the back of card, but if that is not available may also call the main line noted above.

* Our first mortgage program is not currently available through our banking centers. To obtain additional information regarding this program, please contact the Bank through the toll free number provided.

The offers are subject to credit and collateral approval. Terms and conditions apply. Bank of America, N.A., Equal Housing Lender. Member FDIC. Insurance is required. These offers cannot be used in combination with other offers, and certain restrictions may apply. Tax penalties may still apply to IRA withdrawals before age 59-1/2.

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 more than 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with more than 23 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 175 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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