Smith and Wesson's BANK targeted...
- Thread starter mbt2001
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RetiredUSNChief
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Personally, I wouldn't be too surprised if Bank of America pulled their financial support from Sturm Ruger and Co over this.
They've already done so with McMillan Firearms in April of 2012 and American Spirit Arms just this month.
"According to Kelly McMillan, operations director of McMillan Firearms, in April 2012, Bank of America began terminating its business relationships with the company. McMillan said the company's accounts were in good standing and that a bank representative, Ray Fox, said the bank felt McMillan had moved from simple accessories to more involvement with manufacturing firearms. According to McMillan, when asked if this was a political decision, Fox replied that it was. Bank of America again closed service to a legally qualified gun store in January 2013. American Spirit Arms owner Joe Sirochman says Bank of America froze his account and later told him they did not believe he should be selling gun parts on the internet."
Source:
http://en.wikipedia.org/wiki/Bank_of_America#Gun_stores
They've already done so with McMillan Firearms in April of 2012 and American Spirit Arms just this month.
"According to Kelly McMillan, operations director of McMillan Firearms, in April 2012, Bank of America began terminating its business relationships with the company. McMillan said the company's accounts were in good standing and that a bank representative, Ray Fox, said the bank felt McMillan had moved from simple accessories to more involvement with manufacturing firearms. According to McMillan, when asked if this was a political decision, Fox replied that it was. Bank of America again closed service to a legally qualified gun store in January 2013. American Spirit Arms owner Joe Sirochman says Bank of America froze his account and later told him they did not believe he should be selling gun parts on the internet."
Source:
http://en.wikipedia.org/wiki/Bank_of_America#Gun_stores
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