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Bank of America Can't Shake Anti-Second Amendment Reputation

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March 13, 2013
Bank of America Can't Shake Anti-Second Amendment Reputation - 5

Recurring allegations continue to surface in cyberspace that the Bank of America has adopted a policy prohibiting it from doing business with firearms manufacturers and retailers.
               
BoA, one of the world's largest financial institutions with 57 million individual banking accounts and four million small business customers, has been the focus of enmity on many pro-Second Amendment websites since April last year.
               
In April 2012, McMillan Manufacturing in Phoenix, Ariz., claimed BoA told the firearms-maker, a 12-year customer of the bank, that the "company's business would no longer be welcomed ... because (it) manufactures firearms."
               
Kelly D. McMillan, McMillan operations manager, said in an April 19, 2012, post on the company's Facebook page that BoA Senior Vice President Ray Fox told him that his company "won't be allowed to use the bank's services because they're in the firearms business and support the Second Amendment."
               
In December 2012, American Spirit Firearms, also based in Arizona, claims its account was frozen by BoA because the bank determined the gunmaker “should not be selling guns on the Internet,” alleged company’s owner Joe Sirochman in a Dec. 29, 2012 post on the company's website.
               
Sirochman said his company's website orders jumped by 500 percent, prompting larger deposits in its BoA account. "So they decided to hold the deposits for further review,” Sirochman wrote, adding an employee at the local bank scolded him about selling firearms on the Internet.
               
BoA has denied the allegations beginning in April 2012 and, most recently, in February 2013.
               
Anne Pace, a spokeswoman for BoA, told Snopes.com in April 2012 that although she couldn't comment on her company's dealings with individual companies, "Bank of America does not have a policy that prohibits us from banking clients in this (firearms) industry. In fact we have numerous long-standing customers in this industry."
               
Pace told Snopes.com that BoA concluded a $250 million deal with Freedom Group, Inc., an international firearms and ammunition producer, in 2012.
               
Ironically, Chicago Mayor Rahm Emanuel in December identified BoA and TD Bank as two financial institutions his city will stop doing business with because of their support for the firearms industry. Emanuel "accused" BoA of extending a $25 million line of credit to Sturm, Ruger & Co.
               
So, is BoA anti-Second Amendment?
               
"The bank has denied the allegation," wrote Seattle Gun Examiner Dave Workman in April 2012. "It's quickly becoming a case of 'he said/he said,' with some gunowners expressing skepticism, others accepting the report as true."

For more, go to:
-- Bank of America in Arizona Turned Away Business With Firearms Manufacturer- Disputed!
               
-- Losing Interest

-- They don't even know WTF it means!
               
-- BANK OF AMERICA REVOKING ACCOUNTS WITH CLIENTS WHO MANUFACTURER FIREARMS
               
-- Is Bank of America Working to Snatch Defeat From the Jaws of Victory?
               
-- Bank of America goes anti-gun, says McMillan
               
-- BANK OF AMERICA ALLEGEDLY FREEZES GUN MANUFACTURER’S ACCOUNT: ‘YOU SHOULD NOT BE SELLING GUNS AND PARTS ON THE INTERNET’
               
-- RAHM EMANUEL URGES MAJOR BANKS TO STOP SERVING GUN MAKERS UNLESS THEY SUPPORT ‘COMMON SENSE’ GUN CONTROL
               
-- Bank of America Refusing Businesses that Support the 2nd Amendment
               
-- Gunmaker Accuses Bank Of America Of Freezing Its Accounts

Comments (5)

Top Rated
All Comments
from Justin Haser wrote 1 year 18 weeks ago

AsI put on my tin foil hat I would like to say, every bank swindles us. Put your money in a coffee cand and bury it but then even the earth screws you.. Its a raw deal.

+1 Good Comment? | | Report
from David Douthit wrote 1 year 19 weeks ago

Fk B of A

-1 Good Comment? | | Report
from Randy Sliker wrote 1 year 19 weeks ago

Skank of Unamerica also Helps Illegal Mexicans send Money back to mexico,,AND If your a Mexican and have No SS # BOA will let you still set op accounts and deposit money!!

-2 Good Comment? | | Report
from huntfishtrap wrote 1 year 19 weeks ago

I guess it's BoA's privilege to to stop doing business with firearms manufacturers, and it's the privilege of the manufacturers to find another financial institution that's not so bigoted. (That's if these allegations are true)

0 Good Comment? | | Report
from HBhunter wrote 1 year 19 weeks ago

I highly doubt McMillan would make such false accusations. Very reputable company!

Why anyone would want to bank with BOA is beyond me though, as they're a bunch of swindlers.

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from HBhunter wrote 1 year 19 weeks ago

I highly doubt McMillan would make such false accusations. Very reputable company!

Why anyone would want to bank with BOA is beyond me though, as they're a bunch of swindlers.

+1 Good Comment? | | Report
from Justin Haser wrote 1 year 18 weeks ago

AsI put on my tin foil hat I would like to say, every bank swindles us. Put your money in a coffee cand and bury it but then even the earth screws you.. Its a raw deal.

+1 Good Comment? | | Report
from huntfishtrap wrote 1 year 19 weeks ago

I guess it's BoA's privilege to to stop doing business with firearms manufacturers, and it's the privilege of the manufacturers to find another financial institution that's not so bigoted. (That's if these allegations are true)

0 Good Comment? | | Report
from David Douthit wrote 1 year 19 weeks ago

Fk B of A

-1 Good Comment? | | Report
from Randy Sliker wrote 1 year 19 weeks ago

Skank of Unamerica also Helps Illegal Mexicans send Money back to mexico,,AND If your a Mexican and have No SS # BOA will let you still set op accounts and deposit money!!

-2 Good Comment? | | Report

Post a Comment (200 characters or less)