View Full Version : Bank Of America: No Anti-Gun Policy
Bank Of America Clarifies Position
Friday, May 28, 2010
Over the past few months, NRA-ILA received information from a few members detailing some problems that firearm-related businesses were having with Bank of America (BoA).
It appeared that BoA had adopted a policy of denying banking services to businesses associated with firearms. ILA staff contacted BoA corporate leadership and asked them to provide specific information regarding their policies.
In a conversation with Douglas K. Bland, a BoA Senior Vice President, NRA-ILA was assured that there was no such anti-gun policy.
Mr. Bland provided NRA-ILA with a written statement of their policy, which states "Bank of America does not have a corporate-wide policy to deny banking services solely on the applicant's involvement in the firearms industry."
NRA-ILA is pleased with this statement, but will continue to monitor business activities to ensure that gun owners and gun related business receive fair treatment. If you have had issues with Bank of America, please contact NRA-ILA so additional follow-up can be done. If needed, Mr. Bland has indicated his desire to assist with claims of unfair denial of services for firearms related reasons.
This will be interesting to follow.
The problem that many firearms business are having is consumers filing complaints about merchants charging a "fee" to customers using credit cards, which is a violation of the merchant's agreement.
This is copied and pasted from McMillan's FB page:
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 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 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 2nd 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.
I think it is import for all Americans who believe in and support our 2nd amendment right to keep and bear arms should 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’ 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
Address for written letter of complaint:
Douglas K. Bland, Senior VP Small Business Development
Bank of America
P.O. Box 25118
Tampa, FL. 33622-5118
BOA allows CCW in the bank around here.
Looks like they have changed their tune, F--k B of A, i hope my banks never do something like this.
BofA needs to go out of business. Actually they will probably be with their hand out here in a year along with Ally Bank both of which are doing terribly bad with their loans and lack of liquid capital to keep themselves a float.
I bought a rifle from BassPro last year. They offered me 10% off if I signed up for a BoA BassPro Credit card so I signed up. Took BoA two months to send me a card. Took three months to bill me for my purchase. I paid in full and cut the card up. :supergrin:
B of A is the worst bank I've "ever" done business with. They are Anti Gun and have pretty much always been that way. Look at their broad of directors (what a Medusa) and who they back politically, you'll understand why. The people that swim in that cesspool are many of those same filthy, disgusting, morally, corrupt bastards that are stealing from and selling this Nation down the road everyday.
Both the major political groups in our Goverment find B of A just fine; and work in their best interest world wide, while they of course continue to line their corrupt pockets on our dime!
Personally... I kinda scratch my head as to why Mac was even doing business with those anti gun, anti American jerk-offs in the first place.
I'm still trying to figure out why we gave them TARP they were one of the large player in the economic problem to begin with... oh wait a minute I think I know......:faint:
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