# Bank of America to firearm company: Your business is no longer welcome **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [April 20, 2012, 7:45pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475 "2012-04-20T19:45:02Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\ **Post date:** [April 20, 2012, 7:45pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/1 "2012-04-20T19:45:02Z")
> **[Bank of America to gun company: Find another bank](https://dailycaller.com/2012/04/20/anti-gun-bank-of-america-tells-gun-company-to-find-another-bank/)** > > Bank of America to gun company: Find another bank | Bank VP: 'We have to assess the risk of doing business with a firearms related industry' > McMillan Fiberglass Stocks, McMillan Firearms Manufacturing and McMillan Group International have been collectively banking with Bank of America for 12 years. But no more: In a recent meeting, the mega-bank told the firearms company that its business is no longer welcome. > > Operations director Kelly McMillan told the Daily Caller that his company has never been late on a payment and has never bounced a check. The debt outstanding on its line of credit is at 61 percent. > > But at the bank’s request, he said, the McMillan group of companies would soon be paying off its credit line and closing its accounts. > > Writing Thursday on Facebook, McMillan described a meeting at his office with Ray Fox, a business banking Senior Vice President with the giant bank. What was originally scheduled as an “account analysis” meeting, however, quickly became a political smackdown. > > The Bank of America emissary, he said, “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,” McMillan said, 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 what my business.’” > > Fox’s reply, according to McMillan? “That is correct.” > McMillan told TheDC that he plans to move his company’s account to “a more Second Amendment-friendly bank” as soon as it can be done. > > He recalls telling the bank executive that he planned to tell the National Rifle Association, Safari Club International, and his other gun-loving friends “that Bank of America is not firearms-industry-friendly.” > > “You have to do what you must” was Fox’s reply, he said. “We have to assess the risk of doing business with a firearms related industry.” > > The McMillan group of companies may have the last laugh: It is considering no longer accepting Bank of America credit cards for purchases. ---
**Author:** ![Boxersix](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxersix/32/6327_2.png) [@Boxersix](https://forums.speedlife.net/u/Boxersix)\ **Post date:** [April 20, 2012, 7:51pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/2 "2012-04-20T19:51:00Z")
Fucking lols. Good riddance, BOA sucks ass anyway. ---
**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\ **Post date:** [April 20, 2012, 7:54pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/3 "2012-04-20T19:54:07Z")
Yep. McMillan is a fantastic company with great customer service (from what I’ve heard, never bought their stuff as it’s $$), and they have a pretty good sized military contract for the M24/M40 stocks, as well as complete rifles. It’s one of the bigger family-run firearms companies in the world. ---
**Author:** ![sbardy](https://avatars.discourse-cdn.com/v4/letter/s/8edcca/32.png) [@sbardy](https://forums.speedlife.net/u/sbardy)\ **Post date:** [April 20, 2012, 8:17pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/4 "2012-04-20T20:17:56Z")
Can you imagine the calls they are getting now from other banks that want their business. ---
**Author:** ![slwrthnu](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slwrthnu/32/6296_2.png) [@slwrthnu](https://forums.speedlife.net/u/slwrthnu)\ **Post date:** [April 20, 2012, 9:04pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/5 "2012-04-20T21:04:33Z")
bank of america is gonna go out of business soon anyways. ---
**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\ **Post date:** [April 20, 2012, 9:19pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/6 "2012-04-20T21:19:33Z")
> [@Evo= GTI](https://forums.speedlife.net/t/evo-gti/49008/84): > > bank of america is gonna go out of business soon anyways. Only to have taxpayers’ money to put them back in business probably. I actually just emailed one of the local banks to see their stance on the issue before I open a business account for an upcoming venture. ---
**Author:** ![capitalcrew](https://avatars.discourse-cdn.com/v4/letter/c/e79b87/32.png) [@capitalcrew](https://forums.speedlife.net/u/capitalcrew)\ **Post date:** [April 20, 2012, 11:02pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/7 "2012-04-20T23:02:50Z")
I didn’t even realize this would be an issue. BOA sucks. ---
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [April 21, 2012, 12:50am UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/8 "2012-04-21T00:50:58Z")
Might as well steer clear of HSBC and many other banks [http://www.hsbc.com/1/PA\_esf-ca-app-content/content/assets/sustainability/100210\_defence\_policy.pdf](http://www.hsbc.com/1/PA_esf-ca-app-content/content/assets/sustainability/100210_defence_policy.pdf) ---
**Author:** ![usmc2801](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/usmc2801/32/6387_2.png) [@usmc2801](https://forums.speedlife.net/u/usmc2801)\ **Post date:** [April 21, 2012, 3:20am UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/9 "2012-04-21T03:20:57Z")
There are a few banks like that, Cossey I believe Centola had to change banks as well for his firearms business and he had been using the bank for TM for years. ---
**Author:** ![HudsonFalcon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hudsonfalcon/32/6460_2.png) [@HudsonFalcon](https://forums.speedlife.net/u/HudsonFalcon)\ **Post date:** [April 21, 2012, 3:28am UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/10 "2012-04-21T03:28:36Z")
Irony at its finest. A company whose very roots go back to the Revolutionary War and whose customers include Paul Revere and John Hancock should not be so anti-gun. BOA also played a big role in The History Channel’s “The Story of Us” and if you know even a little about U.S. History you know that the gun played a HUGE role in who we are. Bank of America really shot itself in the foot with this one (pun intended). ---
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [April 21, 2012, 5:35am UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/11 "2012-04-21T05:35:38Z")
It’s called Socially Acceptable Lending/Investing. Which traces it’s roots to religious motivation by banning “sinful” investments which include guns, liquor, tobacco and pornography and is participated by many if not most banks. Its not an uncommon practice and you have to go to credit unions or select companies that don’t participate in that. Blame religious morals and its supporters in government for companies being denied. ---
**Author:** ![Jammer](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jammer/32/6349_2.png) [@Jammer](https://forums.speedlife.net/u/Jammer)\ **Post date:** [April 21, 2012, 4:11pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/12 "2012-04-21T16:11:30Z")
Just closed my Acct. friday ---
**Author:** ![PJB](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pjb/32/6389_2.png) [@PJB](https://forums.speedlife.net/u/PJB)\ **Post date:** [April 21, 2012, 4:55pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/13 "2012-04-21T16:55:00Z")
doesnt make sense when their money is the same as anybody else’s money ---
**Author:** ![Boxersix](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxersix/32/6327_2.png) [@Boxersix](https://forums.speedlife.net/u/Boxersix)\ **Post date:** [April 21, 2012, 5:26pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/14 "2012-04-21T17:26:13Z")
Not money. Politics and nothing more ---
**Author:** ![PJB](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pjb/32/6389_2.png) [@PJB](https://forums.speedlife.net/u/PJB)\ **Post date:** [April 21, 2012, 5:34pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/15 "2012-04-21T17:34:30Z")
well since its a bank it seems like they should be more interested in money than politics ---
**Author:** ![toomanycamaros](https://avatars.discourse-cdn.com/v4/letter/t/7993a0/32.png) [@toomanycamaros](https://forums.speedlife.net/u/toomanycamaros)\ **Post date:** [April 21, 2012, 5:36pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/16 "2012-04-21T17:36:46Z")
wow thats just covering your ass PR. What I think is even worse is flip it around. BOA is suppose to be an American banking institution and they are telling an American company that supplies our armed forces they don’t want their business because they are a weapons supplier. Either which way I will never do business in anyway shape or form with them. ---
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [April 21, 2012, 5:41pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/17 "2012-04-21T17:41:30Z")
> [@My b-day present from my wife... Richard Petty Driving Experience!!](https://forums.speedlife.net/t/my-b-day-present-from-my-wife-richard-petty-driving-experience/49250/10): > > well since its a bank it seems like they should be more interested in money than politics Do you even understand how the world works? ---
**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\ **Post date:** [April 21, 2012, 5:45pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/18 "2012-04-21T17:45:12Z")
> [@My b-day present from my wife... Richard Petty Driving Experience!!](https://forums.speedlife.net/t/my-b-day-present-from-my-wife-richard-petty-driving-experience/49250/10): > > well since its a bank it seems like they should be more interested in money than politics Not when the reason for their existence IS politics. Remember the bailouts? [http://blog.chron.com/lorensteffy/2011/10/bank-of-americas-latest-bailout-bigger-than-ever/](http://blog.chron.com/lorensteffy/2011/10/bank-of-americas-latest-bailout-bigger-than-ever/) Also: Banks that received funding from the government bailout (TARP) Company Type State Amount (in millions) Bank of America (incl. Merrill Lynch) Bank NC $45,000 Citigroup Bank NY $45,000 AIG Insurance Corp NY $40,000 JPMorgan Chase Bank NY $25,000 Wells Fargo Bank CA $25,000 General Motors Auto Company MI $14,284 Morgan Stanley Bank NY $10,000 Goldman Sachs Bank NY $10,000 PNC Financial Services Bank PA $7,579.2 U.S. Bancorp Bank MN $6,599 Chrysler Auto Company MI $5,500 GMAC Financial Services MI $5,000 SunTrust Bank GA $4,900 Capital One Financial Corp. Bank VA $3,555.2 Regions Financial Corp. Bank AL $3,500 Fifth Third Bancorp Bank OH $3,408 American Express Financial Services NY $3,388.9 BB&T Bank NC $3,133.6 Bank of New York Mellon Bank NY $3,000 KeyCorp Bank OH $2,500 CIT Group Commercial Bank NY $2,330 Comerica Incorporated Bank TX $2,250 State Street Bank MA $2,000 Marshall & Ilsley Bank WI $1,715 Northern Trust Bank IL $1,576 Zions Bancorp Bank UT $1,400 > **[NOW on PBS | PBS](https://www.pbs.org/show/now-on-pbs/)** > > Independent journalism investigating today's national and international issues. ---
**Author:** ![v8lonoma](https://avatars.discourse-cdn.com/v4/letter/v/45deac/32.png) [@v8lonoma](https://forums.speedlife.net/u/v8lonoma)\ **Post date:** [April 21, 2012, 5:50pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/19 "2012-04-21T17:50:45Z")
yup. if its brought to my attention that someone is hating on my 2nd amendment rights i always go elsewere. wether it be a store, gas station, mall, bank, etc. ---
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [April 21, 2012, 5:55pm UTC](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475/20 "2012-04-21T17:55:00Z")
> [@Offical "Post Pics of your Puppy" Thread](https://forums.speedlife.net/t/offical-post-pics-of-your-puppy-thread/43519/88): > > yup. if its brought to my attention that someone is hating on my 2nd amendment rights i always go elsewere. wether it be a store, gas station, mall, bank, etc. I hope you don’t use paypal. [Next page](https://forums.speedlife.net/t/bank-of-america-to-firearm-company-your-business-is-no-longer-welcome/263475.md?page=2)