Bank of America Corporation
Bank of America Corporation Issues Series OO Preferred Stock and Amends Certificate of Incorporation
Summary
On April 29, 2025, Bank of America Corporation issued 120,000 shares of Series OO Preferred Stock, subject to restrictions if the Corporation fails to declare and pay full dividends on this stock. Additionally, the Corporation amended its Restated Certificate of Incorporation to fix the designations, preferences, and rights of the Series OO Preferred Stock. The Corporation also sold 3,000,000 Depositary Shares, each representing a 1/25th interest in a share of the Series OO Preferred Stock. Financial statements and exhibits related to these events are filed herewith.
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Exhibits (4)
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About Bank of America Corporation
Bank of America Corporation is a leading financial services company, offering a comprehensive range of banking, investment, and risk management services to individual, corporate, and institutional clients globally. As one of the largest banks in the United States, it provides essential financial products such as checking and savings accounts, credit cards, loans, wealth management, and mortgage services. Bank of America's operations are organized into various sectors, including consumer banking, global wealth and investment management, global banking, and global markets, reflecting its diverse business model and expansive client reach. The corporation is a pivotal player in global finance, influencing capital flow and investment strategies through its widespread network of branches and ATMs. Its role extends beyond traditional banking as it actively engages in community development and sustainability initiatives. Headquartered in Charlotte, North Carolina, Bank of America is well-integrated into the global financial system, with presence across several continents supporting economic growth and financial inclusion. With a strategic focus on technology and digital transformation, the bank enhances customer experiences and operational efficiency while staying ahead in an increasingly competitive financial landscape.
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