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Bank of America To Provide $20,000 in Scholarships to Tennessee State and Florida A&M

SB Informer
Monday, September 25, 2006; 05:46 AM

Bank of America, title sponsor of the 18th annual Bank of America Atlanta Football Classic, to be held Saturday, September 30 at the Georgia Dome, today announced that it will provide $10,000 scholarships to both Florida A&M University and Tennessee State University, the two schools competing in this year's game.

In its third year as the title sponsor of the Atlanta Football Classic, Bank of America will present $10,000 checks to representatives of the two schools during an on-field pre-game ceremony. Bank of America has a long history of supporting Historically Black Colleges and Universities, donating more than $15 million to these schools in recent years.

"Our sponsorship of the Atlanta Football Classic and the additional scholarship funds for each university are strong examples of Bank of America's commitment to the African-American community and Historically Black Colleges and Universities," said Milton Jones, Chief Operating Officer for the Chief Financial Officer organization at Bank of America and chairman of this year's game. "While the game is a significant sports and cultural event, it also serves a greater purpose in providing critical academic and economic support for young people throughout Atlanta."

"Bank of America continues to raise the bar as one of the nation's premier corporate citizens and has demonstrated a true commitment to educating African-American youth," said John T. Grant, CEO, 100 Black Men of Atlanta. "We look forward to continuing a healthy partnership toward the important principles of 100 Black Men of Atlanta - education, enrichment and empowerment."

The Bank of America Atlanta Football Classic is one of the largest African-American sporting events in the country, and one of the largest recurring sports events in Georgia. Presented by 100 Black Men of Atlanta, Inc., the Bank of America Atlanta Football Classic has generated more than $115 million to the state's economy over the past five years. Proceeds from the game benefit Tennessee State University, in Nashville, TN., Florida A&M University, in Tallahassee, FL., and Project Success, an education and mentoring program founded by 100 Black Men of Atlanta.

Bank of America's partnership with 100 Black Men of Atlanta is a continuation of its commitment to serve the African American consumer. In addition to its sponsorship of the Atlanta Football Classic, Bank of America has also served as a major sponsor of other national events in the African American market, including the T. D. Jakes' Megafest, the National Urban League convention, National Black MBA convention, and the NAACP annual convention.

In addition to sponsorships, Bank of America provides numerous workshops and seminars on such topics as first-time home buying and managing personal assets. The bank also provides education seminars at Historically Black Colleges and Universities on credit and money management.

About 100 Black Men of Atlanta, Inc.
The mission of the 100 Black Men of Atlanta, Inc. is to provide support and improve the quality of life for African Americans, particularly African- American youth, in the Atlanta community. The 100 is one of the city's strongest, most self-reliant African-American volunteer organization focused on education, enrichment and empowerment. The organization's primary programs are Project Success, a mentoring and academic support initiative; and the Family and Youth Empowerment Program, a homeownership program for parents of student's participating in Project Success.

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 more than 54 million consumer and small business relationships with more than 5,700 retail banking offices, nearly 17,000 ATMs and award-winning online banking with more than 19.8 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.