Bank of America Merrill Lynch Ranked No. 1 in Asset-Based Lending in 2010

Bank Maintains Top Position With One-Third of Market Share

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America Merrill Lynch was the top U.S. asset-based lending lead arranger in 2010, highlighting its leadership in commercial banking, according to league tables compiled by Thomson Reuters.

Bank of America Merrill Lynch was No. 1 in market share with 33 percent, while no other bank topped 22 percent. Bank of America Merrill Lynch also ranked first in both the number of deals at 149 and in loan volume at more than $20.5 billion. Both the deals and loan volume increased from 2009.

“Throughout the credit crunch and during the economic recovery, Bank of America Merrill Lynch has remained committed to asset-based lending,” said Robert Arth, president of Bank of America Business Capital. “We continue to work with our clients to find the best solutions, and asset-based lending is a powerful tool that offers unique flexibility in structure, which is valuable in any economic cycle.”

Bank of America Business Capital is one of the world's largest asset-based lenders, with nearly 400 people in more than 20 offices responsible for asset-based loan origination, underwriting and portfolio management with clients in the U.S., Canada, Asia and Europe. Thomson Reuters also named Bank of America Merrill Lynch as the No. 1 U.S. lead arranger in 2009.

For more information on Bank of America Business Capital, visit www.bankofamerica.com/businesscapital.

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 approximately 57 million consumer and small business relationships with approximately 5,900 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

www.bankofamerica.com

Reporters May Contact:Jefferson George, Bank of America, 1.980.683.4798
[email protected]

Source: Bank of America