BAC 10-Q Quarter ended Sept. 30, 2014

Mr. Woods began his nearly 40-year tenure at CIBC and its predecessor firms in its investment banking department and later served as Head of Canadian Corporate Banking, Chief Financial Officer, and Chief Risk Officer, before retiring as Vice Chairman. As Senior Executive Vice President and Chief Risk Officer of CIBC during the financial crisis, Mr. Woods focused on risk management and CIBC’s risk culture. He chaired CIBC’s Asset Liability Committee, served as CIBC’s lead liaison with regulators, and was an active member of CIBC’s business strategy group. He brings international perspective, including to our European subsidiaries through his service on the Boards of Directors of Merrill Lynch International (MLI), our U.K. broker-dealer subsidiary, and BofA Securities Europe S.A. (BofASE), our French broker-dealer subsidiary.

Sharon L. Allen Former Chairman, Deloitte LLP (Deloitte) Committee membership: Audit Committee (chair) Corporate Governance Committee Professional highlights: • Served as Chairman of Deloitte, a firm that provides audit, consulting, financial advisory, risk management, and tax services, as the U.S. member firm of DTTL, from 2003 to 2011 • Employed at Deloitte for nearly 40 years in various leadership roles, including Partner and Regional Managing Partner; and responsible for audit and consulting services for a number of Fortune 500 and large private companies • Former member of the Global Board of Directors, Chair of the Global Risk Committee, and U.S. Representative on the Global Governance Committee of DTTL, from 2003 to 2011 • Member of the Board of Directors of Albertsons Companies, Inc. and its Audit & Risk Committee, and Chair of its Governance, Compliance and ESG Committee • Former member of the Board of Directors of First Solar, Inc., Chair of its Audit Committee and a member of its Technology Committee Other leadership experience and service: • Former Director and Chair of the National Board of Directors of the YMCA of the USA, a leading nonprofit organization for youth development, healthy living, and social responsibility • Former Vice Chair of the Board of Trustees of the Autry National Center, the governing body of the Autry Museum of the American West • Appointed by President George W. Bush to the President’s Export Council, which advised the President on export enhancement Other U.S.-listed company boards: • Albertsons Companies, Inc. • First Solar, Inc. (past five years)

Pierre J.P. de Weck Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG Committee membership: Compensation and Human Capital Committee Enterprise Risk Committee Professional highlights: • Served as the Chairman and Global Head of Private Wealth Management and as a member of the Group Executive Committee of Deutsche Bank AG, from 2002 to May 2012 • Served on the Management Board of UBS, from 1994 to 2001; as Head of Institutional Banking, from 1994 to 1997; as Chief Credit Officer and Head of Private Equity, from 1998 to 1999; and as Head of Private Equity, from 2000 to 2001 • Held various senior management positions at Union Bank of Switzerland, a predecessor firm of UBS, from 1985 to 1994 • Chair of the Board of Directors of MLI (and previously chair of the MLI Board’s Risk Committee); and Chair of the Board of Directors of BofASE • Member of the Board of Directors of 360 ONE WAM Limited, a company listed on the National Stock Exchange of India and the BSE Other U.S.-listed company boards: • N/A

Monica C. Lozano Former Chief Executive Officer, College Futures Foundation Former Chairman, US Hispanic Media Inc. Committee membership: Compensation and Human Capital Committee (chair) Enterprise Risk Committee Professional highlights: • Served as Chief Executive Officer of College Futures Foundation, from December 2017 to July 2022 and a member of the Board of Directors, from December 2019 to July 2022 • Served as Chair of the Board of Directors of U.S. Hispanic Media Inc., the parent company of ImpreMedia, a leading Hispanic news and information company, from June 2014 to January 2016 • Served as Chairman of ImpreMedia, from July 2012 to January 2016; Chief Executive Officer, from May 2010 to May 2014; and Senior Vice President, from January 2004 to May 2010 • Served as Publisher of La Opinión, a subsidiary of ImpreMedia and the leading Spanish-language daily print and online newspaper in the U.S., from 2004 to May 2014; and Chief Executive Officer, from 2004 to July 2012 • Strategic advisor to multiple media companies • Member of the Board of Directors of Apple Inc. and its Audit and Finance Committee • Member of the Board of Directors of Target and its Governance & Sustainability Committee, Chair of its Compensation & Human Capital Management Committee, and former Lead Independent Director Other leadership experience and service: • Member of California’s Task Force on Jobs and Business Recovery • Served as a member of President Obama’s Council on Jobs and Competitiveness, from 2011 to 2012; and served on President Obama’s Economic Recovery Advisory Board, from 2009 to 2011 • Served on COMEXUS, a binational commission dedicated to strengthening ties between the two countries through business, education, and cultural collaboration • Member of the Board of Directors of the Weingart Foundation • Served as the Chair of the Board of Regents of the University of California; as a member of the Board of Trustees of The Rockefeller Foundation; as a member of the Board of Trustees of the University of Southern California; and as a member of the State of California Commission on the 21 st Century Economy Other U.S.-listed company boards: • Apple Inc. • Target Corporation

Mr. White is a seasoned executive and public company director with experience leading the global operations and strategic direction of complex and highly regulated multinational consumer retail and distribution businesses.

Maria N. Martinez Former Executive Vice President and Chief Operating Officer, Cisco Systems, Inc. Committee membership: Corporate Governance Committee Enterprise Risk Committee Professional highlights: • Served as Executive Vice President and Chief Operating Officer from 2021 to 2024, and as Executive Vice President and Chief Customer Experience Officer from 2018 until 2021 at Cisco Systems, Inc., a multinational digital communications technology company • Served in a variety of senior executive roles at Salesforce, Inc. between 2010 and 2018, including: President, Global Customer Success and Latin America; President, Sales and Customer Success; Executive Vice President and Chief Growth Officer; and Executive Vice President, Customers for Life • Managed the Global Services business for Microsoft Corporation, including professional services and customer support for all products during her tenure there from 2003 to 2007 • Member of the Board of Directors of McKesson Corporation and its Compliance Committee and Chair of its Governance and Sustainability Committee • Member of the Board of Directors of Tyson Foods, Inc. and its Governance and Nominating Committee and Strategy and Acquisitions Committee • Served as a member of the Board of Directors of Cue Health Inc. and its Audit and Compensation Committees and Chair of its Nominating and Governance Committee Other leadership experience and service: • Former member of the Board of Trustees of the Computer History Museum • Former member of the Board of Trustees of Silicon Valley Education Foundation Other U.S.-listed company boards: • McKesson Corporation • Tyson Foods, Inc. • Cue Health Inc. (past five years)

Ms. Martinez’s experience at Cisco Systems, Salesforce, and Microsoft enables her to bring extensive technology knowledge to our Board. Her leadership roles provide her with strategic planning, risk management, and executive leadership experience. Her history of public company board experience gives her insight into governance of large, complex, and regulated companies.

Lionel L. Nowell III Lead Independent Director, Bank of America Corporation Former Senior Vice President and Treasurer, PepsiCo, Inc. (Pepsi) Committee membership: Attends meetings of all of the Board committees Professional highlights: • Served as Senior Vice President and Treasurer of Pepsi, a leading global food, snack, and beverage company, from 2001 to May 2009; and as Chief Financial Officer of The Pepsi Bottling Group and Controller of Pepsi • Served as Senior Vice President, Strategy and Business Development at RJR Nabisco, Inc., from 1998 to 1999 • Held various senior financial roles at the Pillsbury division of Diageo plc, including Chief Financial Officer of its Pillsbury North America, Pillsbury Foodservice, and Häagen-Dazs divisions; and also served as Controller and Vice President of Internal Audit of the Pillsbury Company • As our Board’s Lead Independent Director, Mr. Nowell has an extensive set of responsibilities that brings him into frequent communications with our primary regulators, institutional shareholders, other stakeholders, and our employees and customers. See page 26 • Member of the Board of Directors of Ecolab Inc., Chair of its Audit Committee and member of its Finance Committee • Member of the Board of Directors of Textron Inc. and Chair of its Audit Committee • Served as a member of the Board of Directors of American Electric Power Company, Inc., from July 2004 to April 2020; Chair of its Audit Committee and as a member of its Directors and Corporate Governance, Policy, Executive, and Finance Committees • Served as Lead Director of the Board of Directors of Reynolds American, Inc., from January 2017 to July 2017; and as a Board member, from September 2007 to July 2017 Other leadership experience and service: • Former member of the Dean’s Advisory Council at The Ohio State University Max M. Fisher College of Business Other U.S.-listed company boards: • Ecolab Inc. • Textron Inc. • American Electric Power Company, Inc. (past five years)

Ms. Hudson has extensive executive leadership experience, with a focus on risk management.

José (Joe) E. Almeida Former Chairman, President, and Chief Executive Officer, Baxter International Inc. (Baxter) Committee membership: Audit Committee Compensation and Human Capital Committee Professional highlights: • Former Chairman of the Board, President and CEO of Baxter, a global medtech leader, from 2016 to February 2025. Began serving as an executive officer of Baxter in October 2015 • Served as Senior Advisor with The Carlyle Group, a multinational private equity, alternative asset management and financial services corporation, from May 2015 to October 2015 • Served as Chairman, President and Chief Executive Officer and as President and Chief Executive Officer of Covidien, a global healthcare products company, from March 2012 through January 2015 and from July 2011 to March 2012, respectively, prior to the acquisition of Covidien by Medtronic plc • Prior to becoming Covidien’s President and Chief Executive officer, served in several leadership roles at Covidien, including President of its Worldwide Medical Devices business; also served as President of International and Vice President of Global Manufacturing for Covidien’s predecessor, Tyco Healthcare • Served on the Boards of Directors of: Baxter; Walgreens Boots Alliance, Inc., including on its Compensation Committee; State Street Corporation, including on its Executive Compensation Committee; Analog Devices, Inc.; and EMC Corporation • Served on the Board of Trustees of Partners in Health Other leadership experience and service: • Serves on the Board of Trustees of Northwestern University Other U.S.-listed company boards: • Baxter (past five years) • Walgreens Boots Alliance, Inc. (past five years)

Ms. Ramos served as Chief Executive Officer of ITT, a diversified manufacturer of engineered components and customized technology solutions for the transportation, industrial, and energy markets, focusing on innovation and technology. She was Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! Brands, and served as the corporate treasurer at Yum! Brands. Through her public company board service on the Boards of Phillips 66 and RTX Corporation, Ms. Ramos brings board-level insights into issues facing complex, regulated global public companies and oversight experience in finance, audit, corporate governance, public policy, and sustainability.

Clayton S. Rose Baker Foundation Professor of Management Practice, Harvard Business School Committee membership: Compensation and Human Capital Committee Enterprise Risk Committee (chair) Professional highlights: • Baker Foundation Professor of Management Practice at Harvard Business School • Former President of Bowdoin College • Served as a professor at Harvard Business School prior to his appointment as President of Bowdoin College • Served as Vice Chairman, headed two lines of business–Global Investment Banking and Global Equities–and was a member of JPMorgan Chase’s senior management team during his approximately 20-year tenure at JPMorgan Chase • Served as a member of the Boards of Directors of XL Group, plc, Federal Home Loan Mortgage Corporation (Freddie Mac), and Mercantile Bankshares Corp. Other leadership experience and service: • Trustee and Chair of the Board of Trustees for Howard Hughes Medical Institute and formerly Chair of the Audit and Compensation Committee • Member of the Board of Directors of Pew Charitable Trusts • Served on the company’s Board of Directors, from 2013 to 2015 Other U.S.-listed company boards: • N/A

Brian T. Moynihan Chair of the Board and Chief Executive Officer, Bank of America Corporation Committee membership: Attends meetings of all of the Board committees Professional highlights: • Appointed Chair of the Board of Directors of Bank of America Corporation in October 2014 and President and Chief Executive Officer in January 2010. Prior to becoming Chief Executive Officer, Mr. Moynihan led each of the company’s operating units • Member (and prior Chair) of the Board of Directors of Bank Policy Institute (Chair of the Global Regulatory Policy Committee) • Member (and prior Chair) of Financial Services Forum • Chair of the Supervisory Board of The Clearing House Association L.L.C. • Member of Business Roundtable • Member (and prior Chairman) of the World Economic Forum’s International Business Council (Chair of Stakeholder Capitalism Metrics Initiative) • Past Chair of the Board of The U.S. Council on Competitiveness • Chair of the Sustainable Markets Initiative Other leadership experience and service: • Chancellor (Chair) and current member of Board of Fellows of Brown University • Member of Advisory Council of Smithsonian’s National Museum of African American History and Culture • Member of Charlotte Executive Leadership Council • Chair of Massachusetts Competitive Partnership Other U.S.-listed company boards: • N/A

Mr. Donald has more than three decades of strategic planning, global operations, and risk management experience in regulated, consumer, retail, and distribution businesses.