Bank of America $1.1 billion preferred stock offering

Davis Polk advised the lead manager, sole book-runner and representative of the several underwriters in connection with Bank of America Corporation’s $1.1 billion SEC-registered offering of 1,100,000 depositary shares, each representing a 1/25th interest in a share ofBank of America Corporation’s 4.300% fixed-to-floating rate non-cumulative preferred stock, Series MM.

The Davis Polk corporate team included partners John G. Crowley and John Banes and associate Michael J. Russo. The tax team included partners Po Sit and Lucy W. Farr and associates Joseph M. Gerstel and Shay Moyal. All members of the Davis Polk team are based in the New York office.

The Davis Polk tax team also advised Bank of America Corporation in connection with the foregoing offering.