Surprise, Anti-Gun Banks Rate Worst in Nation

bank

Bank of America…Wells Fargo…JP Morgan Chase…Citibank.

What do these four banks have in common?  Besides being “too big to fail” they also are too arrogant to actually give a damn about their customers.

According  to MagnifyMoney, which analyzed complaints made to the Consumer Financial Protection Bureau (CFPB),these banks are the top offenders in…well…offending their clientele.  From predatory lending to misleading fine print and outright theft due to improper foreclosures, these banks have time and again gulled, cullied and diddled the American people out of billions of dollars.

Yet, not only do these four banks rate as the most complained about financial institutions in the country but they also all have policies in place to punish, deny and/or harrass American’s who DARE to exercise their 2nd Amendment rights.  I don’t mean that these banks simply hide under the naive cloak of gun free zones in their establishments.  No, these banks have systematically and aggressively attempted to undermine the business of firearms in this country.

Bank of America has twice attacked gun manufacturers with monetary terrorism in recent years.  McMillan Firearms Manufacturing were forced to close their accounts last year and transfer their business infrastructure elsewhere simply because they manufactured firearms.  Once word initially got out BoA tried to do the two step and say that is not what they were doing and for good measure added in that they support the troops.  No really, that’s what they said.

The response from McMillan Group:

In response to Bank of America’s public statement:

The statement we [McMillan] posted was an accurate account of the events that transpired late last week. McMillan Group has been in good standing with B of A and a loyal customer for the past 12 years. We were told that we must finalize all of our accounts because we manufacture firearms.

McMillan cannot speak for Bank of America’s company wide policies, but we can speak out about our personal experiences.

We [McMillan] kindly suggest that if Corporate Bank of America has no policy against conducting business with firearms manufactures, then they should communicate these policies with their regional Vice Presidents and other management.

Oddly enough, BoA did not seem to eager to try and work with their longstanding customer and had hoped that people would simply forget.

Then they go ahead and do it again.  But this time it was worse as BoA tried to bankrupt a gun company.

During the Christmas season of 2012, when guns are often purchased as Christmas and other Holiday Gifts, the sales from American Spirit Arms went up.  In response to this Bank of America FROZE Spirit Arms accounts for THREE WEEKS starting on December 18th.  For nearly a month American Spirit Arms could not access that money and the financial impact nearly sent them under at a time when they should have been the most profitable.

When Joseph Sirochman, owner of American Spirit Arms, contacted BoA he was told by a manager at the bank that the accounts and deposits would be held under “further review” and that, as a policy “we believe you should not be selling gun and parts on the internet.” 

I don’t know about you but I don’t think that Bank of America should be allowed to use the word America in their name as their actions are about as un-American as they come.

Wells Fargo is the second most complained about bank.  As you can imagine from a bank that calls San Francisco home, they too hold a vile disdain for freedom and the 2nd Amendment.

BMADDOX Enterprises of Sioux Falls, South Dakota, one of the largest class III dealers in the country was looking to expand its business by purchasing another building.  After the owner of BMADDOX LLC, Brandon Maddox, went to Wells Fargo for assistance the following event would play out:

Vice President of Business Banking at Wells Fargo, called Friday Nov 2nd to alert Mr. Maddox, owner of BMADDOX ENTERPRISES, that Wells Fargo would not extend business credit or loans to any firearms related business, period. “Your credit is impeccable and your business model is sound, but our corporate legal department will not allow us to extend credit to any business related to firearms. We understand you are fully licensed under federal and state law, although…the corporate directive is still no.”

Once again, when corporate directives are being made in San Francisco, should this stance really surprise anyone?

Chase bank, while being the third most complained apparently strives to be like BoA and Wells and has also followed a policy of trying to bankrupt their own clients.  This time the manufacturer was Nordic Components yet Chase put a twist on the script and used an in-between as a fall guy.  Namely Intuit Merchant Services which uses Chase as a gateway.  The following was posted on the Nordic Components website at the time of the aforementioned incident:

NOTICE: We are unable to process credit card transactions at this time. Intuit Merchant Services has told us that they will NOT process anymore transactions and may put a freeze our accounts because we sell firearms related products. I was told that they are backed by Chase Banks.  DO NOT conduct business with these financial institutions if you care about the Constitution of the United States, the Second Amendment or your RIGHTS as a firearms owner. We, as firearms owners, are under attack. I wonder how many of these anti-gun banks received Bail-out money from the current administration?

We are working on getting set up with a firearm friendly processor and hope to be back on line to serve you quickly. Thank You for understanding.

Finally, not to be forgotten is Citibank…good old New York City based Citibank.  They’ve had a rather vocal policy on denying gun businesses opportunities to do business with them.  This was stated fact when the Nevada Pistol Academy had their accounts forcibly closed.

Citibank spokesman Mark Rodgers publicly stated:

 “Citibank’s consumer business has a longstanding policy of not engaging in financial relationships with businesses that manufacture or sell military weapons, military munitions or firearms. In keeping with this policy, the account in question should not have been opened. The customer was notified that we would close the account because it was not in compliance with that policy.”

As a gun owner, as a lover of freedom and as an American, I make sure to avoid companies such as these because I refuse to be complicit in my own subjugation.  If we feed our would be oppressors with the funds they need in order to grow “too big to fail” then we are complicit in our own tyranny.

And if enough banks or insurance companies or property owners are pressured by gun control lap dogs of the Obama administration, or George Soros, or Michael Bloomberg, they they can make it very difficult for the businesses that help provide the arms that we have a right to bear in the first place.

Then again…maybe that is exactly the point.

I mean, we don’t even  make lead in this country anymore.

 

  • Doc

    Besides being the worst bank around ( I’ve been told this by many X customers ) there Feeble attempt to drawing attention to themselves was an Attempt to draw rich liberal clients to their self righteous bank. They made much noise and lost many conservative customers. Seeing a bank like that self destruct wouldn’t bother me in the least. Out right discrimination without cause should cause them as much grief as possible.

  • durabo

    Spread the word widely, so we gunnies can exercise our right to “shop selectively” (read BOYCOTT) all banks that violate our Second Amendment rights.

  • GI Joe

    Stop with the lead nonsense already. I do business with Chase in AZ and have had no problems related to firearms. They COULD, under AZ law, post their branches as “no firearms” businesses. Haven’t seen any so posted. I won’t do business with either Well Fargo or BofA for too many reasons to post. Never done business with Citi Group. So far, Chase seems OK. Sad to hear their corp policies are anti-gun. It’s soooo hard to find a good bank in the first place.

    • TruBluAmerican

      Are you a gun manufacturer? If not, then your opinion on this doesn’t matter. They are not closing your accounts.

      • GI Joe

        My opinion matters just as much as yours, friend. In case you were unable to discern this, I was addressing other points made in the article. And, by the way, who appointed you the arbiter of whose opinion matters?

  • windywillows357

    I bank a Wells Fargo and they welcome CCW holders. I guess it just depends what city you are in.
    I have never had any problems with the way they run the bank either.

    • TruBluAmerican

      Unless you are a gun manufacturer. That is what the article is about.

      • windywillows357

        Don’t you think that it bing hypocritical? Please bring your guns into our bank, we don’t have security.
        BUT we don’t want your money if you make them.

  • JustinAmerican

    I do not and never will do any business with the four named banks or any other business that take the stance these banks have taken. I am going to write a short editorial to our local paper about this and see if I can get it published. In this part of the country we don’t need the government to tell us whether we have a right to a gun, it is a God given right and will remain so. Just read a short write-up than CNN supposedly made public knowledge about a speech that Hillary Clinton made to approximately 4,000 thousand mental health professional under the about gun owners. She and I suppose he cohorts have decided that most surely the federal government must be the master and definer of exactly what the 2nd Amendment is supposed to mean via the government interpretation and enforcement. This was done by her exact words as follows ” the need to rein in what has almost become almost the article of faith that anybody can have a gun, anywhere, anytime, I don’t believe that this in the best interest of vast majority of the people.” This is nothing more than a guise of keeping gun ownership a function of the government policies. She prefaced this as extending a olive branch to gun owners that she still supported the 2nd Amendment though it can be interpreted that she supported under the control of the federal governments right to define and enforcement of the definition that they decide what is meant by the 2nd Amendment. And just as an added commentary husband Bill agreed with Hillary that is must surely be a gesture preceded by an olive branch to the present and future gun owners. I will make only one comment and I am sure many will agree-the ” Ruling Class,” will very soon destroy every right and liberty that we have, if they haven’t already done so and we just don’t know it yet. Why is it necessary to fly armed drones over the citizens of the United States? Has your elected representative explained Obamacare to you and your fellow citizens, mine hasn’t and won’t do so. Tell me why a President would need to seal his record, including educational records from the citizens of the United States? Obama did make the statement that he would transform this country and it has been and is still going on. The border with Mexico is wide open, the speeches he has made implied that come on in if you want to do so. They are coming and bring diseases that we had eradicated in this nation that will soon become commonplace again, not to mention that this is such an easy way for a rather large group of terrorist to waltz right on it here unhindered. I recently read a number of 113 billion dollars that it took of our social services to spend on illegals for there care last year. Can you imagine what it will be this year and the upcoming years. They should have no right to vote in this country, the democrats would not be so hell bent on getting them into this country so they could get them on welfare and have another huge voting bloc. Do you know by law that English is not the official language of the United States, tired of spanish being printed on everything and being ask on the telephone whether I want to speak english or spanish. I fail to see where that should become part of our culture, speak english or pack up and go. Contact your representative and ask him/her to sponsor a bill making english the official language of this nation and see what reply you get. Probably the same one that I did–nothing was written back to me, nor did I receive any type of information in any other form. I guess by now you have figured out that I want all of the illegals and children rounded up and shipped home now. Not tomorrow but today. Why should we bring more people in that cannot generate enough tax, because the jobs they will hold, will not pay for the services they consume. Do some reading on England and France and see what they have gotten themselves into with an relaxed border, non-enforced laws. I am quite sure it will open your eyes really wide. Just one more nugget of information I want to pass along to you and I do want you to verify this for yourself, Lenin said the first step to in socializing a country is controlling the health care system. God Bless America

  • gian2012

    I prefer Credit Unions, they’re better than banks for borrowing money, but it would be nice to know which are anti gun so they can be avoided.

  • Eric Holder started this. he sent legalize, mumbo jumbo alerts to the banks that the banks could be ultimately responsible for the actions of gun mfg. duh…that was a threat. so the banks cave to the little Nazi and there you go. it was another tactic along with Bloomberg and his groups. thankfully the gun industry are’nt pansies like the pos in the w.h. and won’t go down w/o fighting.

  • Richard Johnson

    As far as I’m concerned I don’t have ANY bank accounts. Use a credit union. Lower rates on loans, you can use ATMs at just about any credit union in the country and at many 7-11’s without paying any fees for doing so. They are more local and just a much friendlier atmosphere when you walk in. I’ll never have anything to do with a bank again.

  • LosingHope

    I am a licensed FFL dealer. My commercial bank was PNC. I had two businesses with banking accounts at PNC. Just last month not only my FFL licensed company had all of its accounts closed but my other business had all accounts closed as well. The manager said the main office would not tell him why but he believed it was because of the firearms license.

    • Bullets First

      With all my interactions with PNC, being from Pennsylvania i’ve had a few, I never cared for them all that much and it doesn’t surprise me in the least if they closed your accounts for exactly the reason of your FFL.

  • Bullets First

    To those of you who have defended these banks because your branch doesn’t have a problem with you carrying I say this, while not having criminal empowerment zones is a good thing, if these banks have their way, there will not be any gun makers left with whom you can buy firearms in order to exercise your right in the first place.

    That’s the issue that is addressed in this article.

  • John Taylor

    Word around the streets is that Wells Fargo is now closing the accounts of businesses that sell any sort of firearms, including pawn shops, that only sell guns they have loaned money on. So to put it squarely, Wells Fargo not only is one of the banks that puts intense pressure on it’s employees to up-sell every customer with more and more “packages” that the customer does NOT NEED, but now will close accounts without cause (other than the cause of conducting business that violates the political stance of corporate execs) …….
    Yet another attack on the US Constitution …. seems what the founders foresaw is now coming to pass, and is being thwarted before the people can protect themselves ….. YAY FREEDOM ….. (or should I say GOODBYE to it ?)

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  • Use these bank cards to get money from ATM, buy a gun, copy the receipt and then send the copy to their main office with a note, “Thanks for the gun. You still don’t get that outlawing guns will not stop someone intent on getting a gun, and I am a good guy. Imagine what the bad guys will be doing without you.

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