Last April, we flogged the Bank of America for canceling the credit card handling arrangements of Phoenix-based McMillan Firearms. BoA got what it deserved on that one, with some quite large depositors removing their funds and a number of businesses canceling accounts.
Apparently, the lesson of that was not learned, because BoA is back at it in the same area. SGN advertiser American Spirit Arms of Scottsdale, Ariz. was shocked to receive a communication that BoA was freezing its deposits in the middle of the current buying frenzy. As owner Joe Sirochman reported on his Facebook page he was told that BoA was hanging onto his funds because “we believe you should not be selling guns and parts on the Internet.”
An aroused Sirochman pointed out that he is a federally licensed manufacturer selling a legal product, in the case of guns, though FFL dealers. He demanded his funds be cut loose, and after a couple weeks of argumentation with BoA functionaries, eventually got them, though a bit at a time and with extreme reluctance by the bank.
You might have dismissed the McMillan case as an aberration, but this repeat performance leaves no doubt. BoA, if not explicitly anti-gun, is somehow giving its employees the notion that it’s OK to screw with people in the gun business. It’s time to screw with BoA. If you have an account with them, move it. If you have one of their credit cards, cut it up. If you have stocks at Merrill, Lynch, find a new broker. If you don’t, you’re letting your money work against your rights.