Update: Bank of America Revoking Accounts With Clients Who Manufacture FirearmsSubmitted by AZJoe on Tue, 05/01/2012 - 18:26
Bank of America Revoking Accounts With Clients Who Manufacture Firearms
From the report:
Today Mr. Ray Fox, Senior Vice President, Market Manager, Business Banking, Global Commercial Banking came to my office. He scheduled the meeting as an “account analysis” meeting in order to evaluate the two lines of credit we have with them. He spent 5 minutes talking about how McMillan has changed in the last 5 years and have become more of a firearms manufacturer than a supplier of accessories.
At this point I interrupted him and asked “Can I possibly save you some time so that you don’t waste your breath? What you are going to tell me is that because we are in the firearms manufacturing business you no longer want my business.”
“That is correct” he says.
I replied “That is okay, we will move our accounts as soon as possible. We can find a 2nd Amendment friendly bank that will be glad to have our business. You won’t mind if I tell the NRA, SCI and everyone I know that BofA is not firearms industry friendly?”
“You have to do what you must” he said.
“So you are telling me this is a politically motivated decision, is that right?”
Mr Fox confirmed that it was. At which point I told him that the meeting was over and there was nothing let for him to say.
Update - Bank of America corporate posted a statement: https://www.facebook.com/BankofAmerica/posts/341835649204011
and McMillan Group posted a response: https://www.facebook.com/McMillanGroupInternational/posts/10...
The story seems to be spreading:
Fox News: http://www.foxnews.com/politics/2012/04/27/gun-manufacturer-...
Glenn Beck: http://www.glennbeck.com/2012/04/24/bank-of-america-drops-fi...
Hot Air: http://hotair.com/archives/2012/04/20/bank-of-america-tells-...
Outdoor Life: http://www.outdoorlife.com/blogs/gun-shots/2012/04/bank-amer...
Army Times: http://www.armytimes.com/news/2012/04/military-gun-maker-cla...
Marine Corps Times: http://www.marinecorpstimes.com/news/2012/04/military-gun-ma...
Close all Bank of America accounts.
If you are a business refuse to accept any Bank of America checks or credit or debit cards.
GOA had investigated, and specifically asked NOT for generalized policy statement but rather specifically requesting confirmation or denial of what McMillan has reported. Sadly BofA refused to answer the question and merely resorts to parroting a generalized policy statement that conflicts with their actual actions.
More from GOA: http://gunowners.org/op05242012ldp.htm