A conservative news and views blog.

Location: St. Louis, Missouri, United States

Saturday, April 21, 2012

Bank of America drops good firearms co. as customer

Jack Kemp

Bank of America has dropped as a customer this company:
McMillan Firearms Manufacturing, LLC
1638 W. Knudsen Drive #101
Phoenix AZ 85027

B of A says it was for political (possibly illegal reasons). I'm no lawyer; perhaps one can weigh in on this?

Read the full story at PJ Media:

BREAKING: Bank of America Reportedly Drops Gun Company for Political Reasons
The reported reason: they simply do not want to be associated with gun companies.

    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.”


Bank of America was the recipient of well over 100 billion dollars in federal money. They are also one of just two vendors processing payments for Barack Obama’s 2012 presidential campaign, employing a system that disables safeguards against illegal foreign donations. Bank of America Stadium in Charlotte, North Carolina, is the site of the Democratic Nation Convention in September.
This is at least the third time Bank of America has implemented a discriminatory policy against gun manufacturers. In early 2001, a scandal erupted over the bank’s attempt to discriminate against another Arizona-based company. The resulting public outrage forced a reversal of the policy.

In 2010, Bank of America attempted a similar action, and was again forced to “clarify” their position:
Bank of America does not have a corporate-wide policy to deny banking services solely on the applicant’s involvement in the firearms industry.
No other gun manufacturer or gun rights group has reacted to the McMillan Facebook post at this time.
Bob Owens blogs at


Judson Phillips of Tea Party Nation weighs in on this:

"Legally they can probably do it.  Being a firearms manufacturer is not a protected class.  However, it is major stupid as I am sure we will all be blogging shortly."

Weblog Commenting and Trackback by