CALABASAS, Calif., June 25 /PRNewswire-FirstCall/ -- Countrywide
Financial Corporation (NYSE: CFC) today announced that at its special
stockholders meeting this morning, Countrywide stockholders approved the
merger of Countrywide with a wholly-owned subsidiary of Bank of America
Corporation (NYSE: BAC) in a stock transaction. The holders of more than
69% of the outstanding shares of Countrywide common stock entitled to vote
approved the transaction.
The merger is expected to close on July 1, 2008, pending the
satisfaction of customary closing conditions.
About Countrywide
Founded in 1969, Countrywide Financial Corporation is a diversified
financial services provider and a member of the S&P 500, Forbes 2000 and
Fortune 500. Through its family of companies, Countrywide originates,
purchases, securitizes, sells, and services residential and commercial
loans; provides loan closing services such as credit reports, appraisals
and flood determinations; offers banking services which include depository
and home loan products; conducts fixed income securities underwriting and
trading activities; provides property, life and casualty insurance; and
manages a captive mortgage reinsurance company. For more information about
the Company, visit Countrywide's website at http://www.countrywide.com.
SOURCE Countrywide Financial Corporation
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Related links:
http://www.countrywide.com
CONTACT:
Investors, David Bigelow or Lisa Riordan,
+1-818-225-3550, or Media, 1-800-796-8448, all of Countrywide
Financial Corporation
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