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
