Bank of America Reducing Prime Lending Rate

Apr 18, 2001, 01:00 ET from Bank of America Corporation

    CHARLOTTE, N.C., April 18 /PRNewswire/ -- Bank of America (NYSE:   BAC)
 announced today that it is reducing its prime lending rate to 7.50 percent
 from 8.00 percent, effective April 19, 2001.
     (In some Bank of America loan documentation, the term "reference rate" has
 been used to refer to this lending rate.  The terms "prime rate" and
 "reference rate" refer to the same rate.)
     One of the world's leading financial services companies, Bank of America
 is committed to making banking work for customers like it never has before.
 Through innovative technologies and the ingenuity of its people, Bank of
 America provides individuals, small businesses and commercial, corporate and
 institutional clients across the United States and around the world new and
 better ways to manage their financial lives.  The company enables customers to
 do their banking and investing whenever, wherever and however they choose
 through the nation's largest financial services network, including more than
 4,400 domestic offices and 13,000 ATMs, as well as 38 international offices, a
 telephone banking network that handles over a half billion calls a year and an
 Internet Web site that provides online access for over 3 million customers,
 more than any other bank.
     Bank of America stock (ticker: BAC) is listed on the New York, Pacific and
 London stock exchanges.  The company's Web site is www.bankofamerica.com .
 News, speeches and other corporate information may be found at
 www.bankofamerica.com/newsroom
 
 

SOURCE Bank of America Corporation
    CHARLOTTE, N.C., April 18 /PRNewswire/ -- Bank of America (NYSE:   BAC)
 announced today that it is reducing its prime lending rate to 7.50 percent
 from 8.00 percent, effective April 19, 2001.
     (In some Bank of America loan documentation, the term "reference rate" has
 been used to refer to this lending rate.  The terms "prime rate" and
 "reference rate" refer to the same rate.)
     One of the world's leading financial services companies, Bank of America
 is committed to making banking work for customers like it never has before.
 Through innovative technologies and the ingenuity of its people, Bank of
 America provides individuals, small businesses and commercial, corporate and
 institutional clients across the United States and around the world new and
 better ways to manage their financial lives.  The company enables customers to
 do their banking and investing whenever, wherever and however they choose
 through the nation's largest financial services network, including more than
 4,400 domestic offices and 13,000 ATMs, as well as 38 international offices, a
 telephone banking network that handles over a half billion calls a year and an
 Internet Web site that provides online access for over 3 million customers,
 more than any other bank.
     Bank of America stock (ticker: BAC) is listed on the New York, Pacific and
 London stock exchanges.  The company's Web site is www.bankofamerica.com .
 News, speeches and other corporate information may be found at
 www.bankofamerica.com/newsroom
 
 SOURCE  Bank of America Corporation