Bank of America Freezes Gun Manufacturer’s Account, Company Owner Claims
Bank of America has reportedly frozen the account of gun manufacturer American Spirit Arms, according to its owner, Joe Sirochman.
In a Facebook post dated December 29, Sirochman wrote the following:
“My name is Joe Sirochman owner of American Spirit Arms…our Web site orders have jumped 500 percent causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review.
“After countless hours on the phone with Bank of America, I finally got a manager in the right department that told me the reason that the deposits were on hold for further review — her exact words were — ‘We believe you should not be selling guns and parts on the Internet.’”(emphasis added)
Sirochman also wrote that he told the bank manager that “they have no right to make up their own new rules and regs” and that “[American Spirit is a] firearms manufacturer with all the proper licensing.”
He also noted that he has been doing business with Bank of America for over 10 years, but will now be looking for a new bank.
According to Unlawful News, this isn’t the first time Bank of America has targeted a customer involved in the firearms industry.
McMillan Group International was reportedly told that its business was no longer welcome after the company started manufacturing firearms – even after 12 years of doing business with the bank. SOURCE
Let me say this, first and foremost; ANY GUN BUSINESS that is still doing their banking at a BoA is a FOOL!
Many blog posts were written by reputable gun bloggers concerning the McMillan Group International debacle and how BoA treated them, if American Spirit Arms, and its owner, Joe Sirochman, weren’t paying attention, they should have been.
I wrote a post about McMillan Group International and how BoA reportedly treated them: Bank of America to gun company: Find another bank, and in it I asked ALL of my readers that were gun owners and CHL holders to pull their accounts from BoA and hit them where it hurts; the money pile.
Maybe there just weren’t enough gun people with accounts at BoA, I know I have never had so much as one red cent in a BoA, so other than write a blog post and make a suggestion, there wasn’t a heck of a lot else I could do.
I can’t tell you what to do, I can’t make anyone do anything, but I am hoping this story doesn’t fall on deaf ears. I hope that you will read it, make a decision based on the story itself, and then, if you’re a BoA customer, I hope you will re-evaluate your bank and its stand against guns, gun companies and gun owners.
If BoA has an attitude like that being related, they don’t need to have ANY money that belongs to Americans gunners in their coffers. If they can’t, and/or won’t support the Second Amendment, they don’t deserve MY business and I don’t think they deserve your business either!