Bank of America - Employment

Diversity Fact Sheet

"Our commitment to diversity is a commitment to individuals and to the team. It's about creating an environment in which all associates can fulfill their potential without artificial barriers, and in which the team is made stronger by the diverse backgrounds, experiences and perspectives of individuals. It's about giving all of us -- individually and together -- the best possible chance to succeed." - Kenneth D. Lewis, chairman and chief executive officer, Bank of America

We are proud of our legacy, which distinguishes Bank of America as a corporate diversity and equal employment opportunity leader, both in policy and in practice. At Bank of America, we ensure that our environment fosters an inclusive corporate culture and is free of discrimination or harassment on any unlawful basis.

Promoting an Inclusive Workplace . . .

As evidence of its commitment to diversity and inclusion, Bank of America:

Organization and Culture

• Established a 25-member Executive Diversity Advisory Council that sets the direction and guides the implementation for diversity and inclusion at Bank of America.
• Has more than 40 Diversity Business Councils operating in various business lines to address diversity and inclusion issues. In addition, more than 50 Team Bank of America Diversity Networks, consisting of geographically based volunteer teams of associates, encourage and capitalize on the diversity of our associates and promote personal and professional development.
• Has affinity groups (informal, company-supported groups of associates with common interests) that meet periodically to network and support one another's development and success.
• Women and people of color serve at the highest levels of Bank of America. There are three women and one African-American who serve on the 10-person senior executive team that reports to Ken Lewis, Bank of America Chairman and CEO.
• Ensures senior executive management develops annual targets to increase diversity in their businesses and has incentive pay tied to progress in hiring, promoting and retaining people of color.
• Provides extended family benefits and has an equal opportunity policy that includes a nondiscrimination clause based on sexual orientation.

Multicultural Marketing and Supplier Diversity

• Has dedicated a $50 million budget for marketing, advertising, infrastructure and support tools to implement an aggressive multicultural marketing and service strategy and meet the needs of diverse customer segments.
• Has spent more than $2 billion with diverse businesses for procurement related products and services since 1990. Bank of America has received 60 regional and 10 national awards celebrating our commitment to supplier diversity and is recognized as having a world-class Multicultural Supplier Development team.

Diversity Recruitment and Educational Commitment

• Partners with national multicultural professional associations to recruit new talent and develop new business relationships. We are one of the largest corporate sponsors of the National Association of Black Accountants and national African-American and Hispanic MBA organizations.
• Sponsors the largest scholarship program for students with disabilities and provides $2 million in scholarship pledges to the United Negro College Fund, Hispanic Scholarship Fund and Native American Scholarship Fund.
• Has pledged more than $10 million to historically black colleges and universities, including the Meharry Medical College, Morehouse College, Hampton University and Virginia State University.

Disability Resources and Accessible Banking

• Was honored with a Profile of Excellence Award from Solutions Marketing Group, a disability-related marketing firm, for providing accessible services to customers with disabilities. Bank of America Accessible Banking(tm) has a host of services that include Braille and large-print statements, TTY Customer Service phone numbers and an accessible Web environment.
• Has made the largest Talking ATM commitment in the financial services industry. Created for people who are blind or visually impaired, Talking ATMs will be installed at Bank of America ATM locations coast-to-coast.

Leader in Diversity . . .

Bank of America has been well known for its progressive workplace practices that support diversity and inclusion. Recognized by other organizations, Bank of America:

• Has been named one of the "50 Best Companies for Minorities" by Fortune magazine. Bank of America ranked in the top 5 for people of color in the workforce, new hires and mentoring people of color.
• Has been named by Working Mother magazine as one of the 100 Best Companies for Working Mothers. The recognition marks the 15th year that Bank of America has been honored for its flexibility, advancement opportunities for women, leave for new parents, child care and work/life programs.
• Has for five consecutive years been named to Hispanic Magazine's Corporate 100 list for providing opportunities for Hispanics and contributing to the advancement of the Hispanic community.
• Was included in LATINA Style magazine's "50 Best Companies for Latinas to Work for in the U.S." for three consecutive years.
• Was named by Minority MBA magazine one of the "Ten Top Companies for Minority MBAs" for three consecutive years.
• Was named by Div2000.com one of America's top corporations for promoting business opportunities for women- and people of color-owned businesses.
• Was recognized by Lawyers for One America, a nonprofit organization formed in collaboration with the American Bar Association, to promote diversity within the legal profession.

• Has been ranked ninth among the top 50 companies for diversity by DiversityInc.com, a Web site that publishes news and information about diversity issues.

• Has been selected as a recipient of the first annual Professional Business Women of California Pacesetter Award.
• Chief Risk Officer Amy Brinkley has been named as one of Fortune Magazine's "50 Most Powerful Women in Business."
• Made the third annual listing of America's Top Corporations for Women's Business Enterprises. Bank of America was among the Elite Eight corporations that have not only developed programs that offer equal access for woman-owned suppliers, but also have attained world-class quality in their supplier diversity programs.
• Earned the highest rating of any financial institution in Business Ethics' 1,000 Best Corporate Citizens.
• Was selected by Minority MBA magazine as one of the "Top Companies for Minority MBAs."