Friday, April 20, 2012

Why Gun Owners Should Close Their Accounts With Bank of America

It appears that Bank of America recently told a prominent maker of gunstocks and related stuff that has now branched out into making guns, that they didn't want their business because of this:

McMillan Fiberglass Stocks, McMillan Firearms Manufacturing, McMillan Group International have been collectively banking with Bank of America for 12 years. 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 five minutes talking about how McMillan has changed in the last five years and have become more of a firearms manufacturer than a supplier of accessories.
At this point I interrupted him and asked “Can I possible 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 what 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 Second Amendment friendly bank that will be glad to have our business. You won’t mind if I tell the NRA, SCI and everyone one 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.
That goes both ways.  It's not like Bank of America is the only game in town.


  1. Given B Of A's history of shafting customers and their role in the mortgage crises I wouldn't do business with them already, but this is certainly an additional reason!

  2. I am not a big fan of Bank of America but a little caution may be in order here as people sometimes are not 100% truthful about why a bank no longer wants their business.

  3. The Obama Campaign volunteers over at Snopes have an artfully worded non-denial denial from a Bank of America spokeswoman.