Bank of America Announces 2007 Regional Auctions of the Year

Nine Winners Named from Across the United States

BREA, Calif., March 26 -- Bank of America has named nine motor vehicle auction companies as its 2007 Regional Auctions of the Year.

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

  The 2007 winners are:

  -- National Auto Dealers Exchange, Bordentown, N.J.
  -- Greensboro Auto Auction, Greensboro, N.C.
  -- Greater Tampa Bay Auto Auction, Tampa, Fla.
  -- ADESA Cincinnati / Dayton Auto Auction, Franklin, Ohio
  -- 166 Auto Auction, Springfield, Mo.
  -- ADESA Tulsa Auto Auction, Tulsa, Okla.
  -- California Auto Dealer's Exchange, Anaheim, Calif.
  -- Brasher's Northwest Auto Auction, Eugene, Ore.
  -- Dealers Auto Auction, Spokane, Wash.

"Bank of America sold over 21,000 vehicles, including automobiles, RVs, marine products, motorcycles and aircraft at auction in 2007," said Bank of America Remarketing Executive Steve Piccinati. "We sold at 17 auto and seven specialty auctions across the United States -- 24 auctions we believe are the best in the markets where we sell. The nine auctions we've chosen as our 2007 Auctions of the Year represent the very highest levels of achievement in aiding our remarketing efforts during 2007. They were the best at the combination of asset value earned, consistently superior customer service, operational excellence and internet sales effectiveness."

Piccinati will present each of the nine winning auctions with a plaque recognizing their accomplishments tonight at the Conference of Automotive Remarketing in Las Vegas.

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 products and services. The company's Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit http://www.bankofamerica.com/ .

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