Bank of America No Longer Supporting Companies Who Are In the Firearms Business

[scannon]

Phoenix, Arizona --(Ammoland.com)- McMillan Fiberglass Stocks, McMillan Firearms Manufacturing and 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 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.

 

I think it is import for all Americans who believe in and support our 2nd amendment right to keep and bear arms to know when a business does not support these rights. What you do with that knowledge is up to you. When I don’t agree with a business’s political position I can not in good conscience support them.

 

We will soon no longer be accepting Bank of America credit cards as payment for our products.

 

Kelly D McMillan

Director of Operations

McMillan Group International, LLC

623-582-9635

 

http://www.ammoland.com/2012/04/20/bank-of-america-refusing-businesses-that-support-the-2nd-amendment/#axzz1siyfDVoV

[WestTexasS2K]

It will get worse.

[lucky dawg]

There may be more to it (or there may not):

http://www.armytimes.com/news/2012/04/military-gun-maker-claims-bank-of-america-dumped-firm-042612w/

 

http://www.snopes.com/politics/guns/bankofamerica.asp

 

Is there any evidence that BofA (who I dislike and dropped for unrelated reasons) has done this to any other firearms makers? Is there the slightest possiblity that there could be other issues and Mr. McMillan is less than accurate?

[slngsht]

Dropped BOA several years ago. Very happy with that decision. They suck.

[turboeric]

http://www.snopes.com/politics/guns/bankofamerica.asp

[Jackal]

http://www.snopes.com/politics/guns/bankofamerica.asp

 

 

....But how can that be? It's on the internet....It has to be real....

 

In other news, I'm a prince who has a large sum of money waiting for me when I get to Canada. If you all would be so kind as to send your life savings to me, I'll repay you......

[JohnK]

Getting on to reality, of which I have hardcopy evidence...

 

I spent 10 years doing design and implementation IT work for a "large consumer products corporation headquartered in Cincinnati". One very cold and gloomy day in February 1991 I and 65 other companies that did similar sorts of work for said company got a letter which said "We have decided not to do business with small vendors anymore. Thank you for your past service. Goodbye." I, behind the scenes, let the Enquirer know about this in some detail and, stepping out of the picture, they got an accurate and informative article about the consequences of the company's decision from the information I passed to them.

 

My neighbor owned and ran a construction company. As anyone in small business,especially one that provides service in a seasonal market knows, you need a line of credit to conduct such a business. Stopping by for his yearly loan, my neighbor got told by his bank that they had redefined their criteria for the clients they wanted to do business and he didn't fit. And his business winked out of existence just like the 66 above.

 

I packed up my stuff, went elsewhere and did other things. My neighbor, unfortunately, took it personally and became real bitter.

 

Both companies exercised, what in their judgement, was the best path forward for their success in the marketplace.

 

Now Capitalism is absolutely the most successful economic system - period. However, like any economic system it comes with a collection of bad properties. There are lots of modification that have been made to capitalism as it's done in the US to make it less awful, but sometimes, it's still just awful.