AMEX Suspends Trading in Metropolitan Mortgage & Securities Preferred Stock

Share Name	Share Symbol	Market	Type
Bank of America Corp. Market Linked Step UP Notes Linked TO The S&P 500 Index	AMEX:MPD	AMEX	Ordinary Share

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Bank of America Corp. Market Linked Step UP Notes Linked TO The S&P 500 Index

AMEX:MPD

AMEX

Ordinary Share

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AMEX Suspends Trading in Metropolitan Mortgage & Securities Preferred Stock

20/12/2003 1:09am

PR Newswire (US)

Bank of America Corp. Market Linked Step UP Notes Linked TO The S&P 500 Index (AMEX:MPD)
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AMEX Suspends Trading in Metropolitan Mortgage & Securities Preferred Stock SPOKANE, WASH., Dec. 19 /PRNewswire-FirstCall/ -- Metropolitan Mortgage & Securities Co., Inc. said today that it has been advised by the American Stock Exchange (AMEX) that trading in the company's preferred stock has been suspended indefinitely. The company said that AMEX expressed concerns about the closure of Metropolitan Investment Securities, Inc. (MIS) and about the concerns expressed by the National Association of Securities Dealers (NASD) with respect to the sales practices of MIS in the Acceptance, Waiver and Consent between the NASD and MIS. Additionally, AMEX expressed a desire to review the company's annual report on Form 10-K which has not yet been filed. The AMEX has not indicated when, or if, trading would resume. Metropolitan Mortgage & Securities Co., Inc., incorporated in the State of Washington and headquartered in Spokane, has assets in excess of $2.0 billion. Founded in 1953 by the late C. Paul Sandifur, Sr., today Metropolitan is lead by his son, C. Paul Sandifur, Jr. The forward-looking statements in this release concerning future events are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. These and other risks are set forth in Metropolitan's reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. DATASOURCE: Metropolitan Mortgage & Securities Co., Inc. CONTACT: Mary Keller, Market Development & External Affairs, +1-509-835-2811, or +1-509-994-8368

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MPD Bank of America Corp. Market Linked Step UP Notes Linked TO The S&P 500 Index