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View Full Version : Bank of America vs. McMillan?



BUC303
08-21-2012, 10:12
I checked snopes to see if this was true and it says "undetermined" but when I went to McMillans FB page there is stuff all over it about it. Figured I would share.



McMillian Mfg in Phoenix, Arizona, was contacted by Bank of America and informed that they will no longer be allowed to use their services ( Bank of America ) because they are in the firearms business and support the second amendment.

I am fine with you re-posting it. Thank for your support.

Kelly D. McMillan
Director of Operations
McMillan Group International, LLC
1638 W Knudsen Dr
Phoenix , Arizona 85027
McMillan Integrity-Global Vision

http://www.mcmillanusa.com/ (http://www.mcmillanusa.com/)
http://www.facebook.com/McMillanGroupInternational (http://www.facebook.com/McMillanGroupInternational)

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 (Bank of America) 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 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 want 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 left for him to say.

I think it is important 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 cannot, 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
623-582-9635 begin_of_the_skype_highlighting FREE 623-582-9635end_of_the_skype_highlighting
1638 W Knudsen Dr
Phoenix , Arizona 85027
McMillan Integrity-Global Vision
http://www.mcmillanusa.com/ (http://www.mcmillanusa.com/)

Ronin13
08-21-2012, 10:29
Never did business with BofA and I sure as holy hell will not be starting now! F those guys. McMillan is a great firearms company and I hope to one day get one of their guns!

Chad4000
08-21-2012, 10:33
interesting... If it's true,, boy that is basly of bank america..

Irving
08-21-2012, 10:33
Old news. Seems very odd for a bank though. They engage in all kinds of business practices that people don't agree with, so I can't imagine guns being a big deal. Must be someone with a lot of money invested has a personal vendetta.

asmo
08-21-2012, 10:34
I know first hand that BofA does not allow firearm related businesses. Wells Fargo is similar - but they just wont let you use their PoS terminals you can still have a firearms business account with them.

Teufelhund
08-21-2012, 10:54
This trend of companies taking firm political stance makes no sense to me. I can't imagine why any for-profit company would intentionally sabotage their own profits by alienating a large portion of potential clients.

I closed my BofA credit card when I saw this story a few months ago, and I let them know why when they asked.

Hoser
08-21-2012, 10:57
McMillan is a great firearms company and I hope to one day get one of their guns!

Meet Kelly and you just might change your mind.

Nice rifles and stocks for sure.

Ronin13
08-21-2012, 11:02
Meet Kelly and you just might change your mind.

Nice rifles and stocks for sure.

What? Not a nice person? Please elaborate... I still remember checking out (but sadly not shooting) the M88 .50 Cal "Anti-material rifle"... definitely put a smile on my face!

Hoser
08-21-2012, 11:30
Please elaborate...

Over a beer or at a match I will be more than happy to tell you a little story.

ChunkyMonkey
08-21-2012, 11:38
http://dailycaller.com/2012/05/10/bank-of-america-responds-to-anti-gun-claim/

There are more to the story. Unlike some other merchant accounts, BOA actually have no issue doing business with FFL.

lpgasman
08-21-2012, 12:44
Over a beer or at a match I will be more than happy to tell you a little story.

What about the rest of us? Would like to know also.:(

tmckay2
08-21-2012, 12:46
Meet Kelly and you just might change your mind.

Nice rifles and stocks for sure.

i have heard the same thing.

Hoser
08-21-2012, 12:51
What about the rest of us? Would like to know also.

See above. I will not go into it here.

trlcavscout
08-21-2012, 12:51
Who cares boa is the biggest supplier of credit cards to illegal imagrants. They cater to people like that and crap on their military customers. Screw them i hoe they go bankrupt.

wreave
08-21-2012, 12:57
http://dailycaller.com/2012/05/10/bank-of-america-responds-to-anti-gun-claim/

There are more to the story. Unlike some other merchant accounts, BOA actually have no issue doing business with FFL.

Sounds like the "more to the story" is that BoA won't do business with firearms manufacturers. Retailers, accessories, etc. are okay.

asmo
08-21-2012, 14:15
Sounds like the "more to the story" is that BoA won't do business with firearms manufacturers. Retailers, accessories, etc. are okay.

Untrue. They won't (wouldn't at one time - this was 10+ years ago in Kalifornia) do business with you even if you have your FFL. We started out with training, then some accessories, small stuff - once they found out it was gun related they closed our accounts down.

Had a long talk with the branch manager - he related that BoA's crack legal team had put together a position saying that anyone who was involved with a monetary transaction over a firearm could be held liable if that firearm was used in a crime. Complete horseshit.

Years later I found out that the flimsy legal premise above was actually being pushed out by VPC/Brady guys - just trying to scare the hell out of people with no basis in reality.

sniper7
08-21-2012, 14:27
I used to have a card with BoA but shut it down at least 5 years ago after some other stunt like this they pulled.

Madusa
08-21-2012, 19:34
BOA took bail out money from Barry. What else do you need to know?

Rucker61
08-21-2012, 20:17
BOA took bail out money from Barry. What else do you need to know?

http://projects.propublica.org/bailout/entities/27-bank-of-america

Is Barry a nickname for GWB? BOA had received all of the $45B CPP and TIP money by January 16, 2009.

It appears that they've paid back that $45B, too.

Danimal
08-22-2012, 03:19
Old news. Seems very odd for a bank though. They engage in all kinds of business practices that people don't agree with, so I can't imagine guns being a big deal. Must be someone with a lot of money invested has a personal vendetta.

Banks are in the business of making money from money. They don't care where it comes from. They pull investments based on risk and future performance assessments. It's kinda like they know that a business might fail before it fails. Take that as you will.

Madusa
08-22-2012, 17:40
http://projects.propublica.org/bailout/entities/27-bank-of-america

Is Barry a nickname for GWB? BOA had received all of the $45B CPP and TIP money by January 16, 2009.

It appears that they've paid back that $45B, too.


I guess we're wrong:
http://www.thomhartmann.com/forum/2011/01/obamas-bailout-bank-america-tune-120-billion

They were forced to pay off only 1.28 billion out of 128 billion owed...... that's 1%!

SA Friday
08-22-2012, 22:04
What about the rest of us? Would like to know also.:(

I know it might be difficult to evaluate Hoser's statement prema faca, but after knowing him for about 7 years, if he says he won't own or purchase from someone that's all it takes for me. I've never even asked for the story. I asked for his opinion on stocks once a few years back and have stuck to the advise ever since.

Edited to add: BTW, screw B of A. If they're willing to take a stance on principle, then they can fall on their sword by the same principle.

sbouslog
08-22-2012, 22:41
Gone

DSull
08-23-2012, 07:59
BofA lost a deposit that I made after I sold a home, needless to say I haven't been a customer of theirs for over 40 years.

Singlestack
08-23-2012, 11:32
I got tired of BofAs endless fees on small customers, and transferred my accounts a few decades ago.Don't plan to return...

Singlestack

Byte Stryke
08-23-2012, 16:00
Jeees, that time of the week again?