Bank of America drops firearms manufacturer

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Bank of America (yes, the same Bank of America that was bailed out with your tax dollars) allegedly dropped McMillan Group, a company that manufactures firearms and accessories.

Glenn explained that McMillan is comprised of McMillan Fiberglass Stocks, McMillan Firearms International, and McMillan Group International, and that all three companies had been model customers of Bank of America’s for twelve years.

“We know who Bank of America is. They are in the pocket of this administration. They are in the pocket of this government now. And this government never does anything straight up – this is why Cass Sunstein is the most dangerous man in America. They regulate. They isolate. They put you out of business. They’re not going to come after the guns. They’ll just put everybody out of business. This is what is happening now with McMillan,” Glenn said.

On Thursday, the Director of Operations, Kelly McMillan explained on McMillan’s Facebook page:

Today Mr. Ray Fox, Senior Vice President, Market Manager, Business Banking, Global Commercial Banking [of 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 what my business.’

‘That is correct’ he [said].

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.

Bank of America responded by posting the following on their Facebook page:

“We want to let you know that we hear your comments and questions regarding one of our customers. While we cannot discuss the details of any individual client we work with, we can assure you the allegations being made here are completely false. Bank of America does not have a policy that prohibits us from banking clients in this industry. In fact, we have numerous, longstanding customers in the industry.

“We are also extremely proud of our support of the US military and reject any assertion to the contrary. We count as clients many companies that provide for our nation’s defense. We employ thousands of veterans, Guardsmen, and Reservists, and plan to increase our hiring this year.”

McMillan responded to that statement with the following:

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.

McMillan also posted this:

I just want to let everyone we will post here and on our website which bank we finally choose as our bank. We have had a large number of banks that have expressed an interest in being our bank of choice. You can rest assured that we will pick the appropriate bank and that they will be clear about their support of our 2nd Amendment rights and the firearms industry in general.

Many of you may have seen BofA’s official position. Frankly it doesn’t surprise me. It hurts some for others to claim that I am dishonest and that what I posted didn’t happen, but it doesn’t surprise me. I haven’t made any claims about what their policy is, I haven’t even made any speculation. I just reported the events which took place in my office.

I am in the process of checking with my merchant services provider to find out whether or not I will be able to discontinue taking BofA credit cards for payment. It has been mentioned that my contract with Visa and MasterCard may prevent me from doing so. Either way I will let everyone no when I get the news.

I remember a saying I have heard most of my life, if you tell the truth you don’t have to have a good memory. Rest assured my story won’t change. I might get better at typing and proof reading, God knows I need that, but the story remains the same.

Again thanks to everyone for your support. Do me a favor and tag in and let me know if you happen to hear any of the radio interviews scheduled over the next few days.

“This is how companies do business now. They’re fighting on the Facebook,” Stu said.

Glenn explained that Bank of America does not have a policy that bans them from doing business with firearms companies. He also pointed out that Bank of America took the DNC’s donor mailing list as collateral for a $32 million dollar line of credit. What kind of message does that send to cash starved small businesses?

“That’s creepy,” Stu said, “that any company that would be using personal information like that as collateral for a loan.”

Glenn noted that while he doesn’t do boycotts, but if you are looking for a bank, this is something you should take into consideration, and if you’re looking for a gun, you may want to check out McMillan Firearms.

“Why would you be in business with anybody who is at all unclear or fuzzy, even though they don’t have a corporate wide policy?” Glenn asked. Glenn noted that maybe they should have a corporate wide policy that their branches don’t discriminate against businesses or individuals because of their 2nd Amendment rights.

“Nobody is covering this story,” Glenn said. “You’d think that would be a big story wouldn’t you?”

  • http://www.artinphoenix.com/gallery/grimm snowleopard (cat folk gallery)

    Indeed we see the long arms of the Obama administration reaching out to gain leverage over the second amendment; if they cannot inspire control, coersion and change via Fast and Furious, or via direct legislation in the Congress then they will go the next back door route.

    By forcing BOA to stop dealing with McMillan Group, a precident is set, showing the clear political challenge and threat of Obama’s message:

    “Comply and do not resist; or you will be crushed in the end by all means necessary.”

    How many other banks are now being pressured or dominated by the administrations promise of multi year, chaos inducing, constant audits and controls to make sure that the McMillan Group will not be able to deal business anywhere?

    One step at a time, one precident at a time, and they become ever bolder as they see no one will step up to hold the line…thus they will use this path and many others to strangle off the gun industry one part at a time.

    The battle for the second amendment has now entered a whole new phase; and a dangerous one at that.

  • landofaahs

    Buy more guns and ammo.   With all the trouble being stirred up by the race hustlers, we are going to need it “WHEN” the collapse comes. 

  • Anonymous

    Well I dropped them about ten years ago for bad business practices, I support a small town bank!

  • http://misfitpolitics.co/ Corran Horn

    Yes now Obama is using the banks to attack our guns now. First they went for the Catholic with the banks now it is our guns. This is an attack on our rights and they don’t even care.

  • Anonymous

    If Obama is re-elected I’m afraid there will be another civil war in this country.

  • Anonymous

    If Obama is re-elected I’m afraid there will be another civil war in this country.

  • Nathan Hardy

    I think any president elected this next term would mean another cival war. just sayin for now…

  • Anonymous

    Well, I guess one couldn’t count it out. Good point.
    Subject: [glennbeck] Re: Bank of America drops firearms manufacturer

  • Anonymous

    Didn’t Warren Buffet invest billions in Bank of America this past year??

  • Anonymous

    Glenn Beck: restoring love one gun at a time. You know how much we needs guns for loving each other. Each bullet you put into the enemy shows them how much you love them. And of course, conservatives do love their guns.

    So, okay, I’m not against guns. But do tell me. If the aim is to protect love with guns, then restoring love cannot be all that peaceful, as Beck claims. We didn’t se MLK, whom Beck takes often as example, telling segregated and discriminated African Americans to arm up and fight the white men oppressing them. Did he?

    But I do get it. This ain’t a world without threat of oppression and tyranny. But do tell. Is all the Odumbo-Libratd-DemocRat hate that oozes from the corners of this site, as well as from FOX News –the main news network for conservative Republicans–, part of restoring love? Oh, right. I’m supposed to buy into the idea that half the country (the liberal side) are demons that must be destroyed or deported. Got it.

  • Anonymous

    This has been going on for years…… Evilbay banned the sale of most gun parts in 2007
    Paypal has frozen accounts of licensed dealers for selling those evil gun parts…….
    a major firearms distributor properly licensed to do business was told by a credit card
    company they would no longer process their sales because they (the card company)
    couldn’t tell if they were making illegal transactions….. they were licensed…. by the government…..
    since when does a bank need to determine if your business is legal?  they don’t seem to have
    trouble with sending large sums of money south of the border….. is that leagle money? Or is it
    just American businesses that must suffer?……….

    Go to the NRA website and check out the section of corparatons that are anti-gun/anti-2nd amendment…..

    http://www.nraila.org/news-issues/fact-sheets/2010/national-organizations-with-anti-gun-po.aspx?s=anti-gun+corporations&st=&ps=

  • Anonymous

    You know, you are an idiot of epic proportions. If you simply can not see a problem with this, you have got to be dumber than what anyone could have imagined. Firearms are our 2nd Amendment right. Where do BofA, the government or you get off thinking you have the right to usurp everyone’s 2nd Amendment rights? The answer: you have no right. Make all your stupid puns about restoring love, some of us realize that it will take more than that.

  • Anonymous

    Actually, it really doesn’t matter who is elected, it’s coming. My mistake, there is one person who would probably stop it, but Americans are too dumb to vote for him, his name is Ron Paul.

  • Anonymous

    This is far from the first time they have gone after us, using the banks, look at the government having real-time access to your bank account, contained in Obamaocare.

  • Anonymous

    And if you don’t get how Beck eats his own butt, the epic useful idiot is you.

  • Anonymous

    Mr. Beck says he doesn’t believe in boycotts but I like being able to fire my suppliers that provide me poor service or don’t treat its customers fairly.  (Hat tip to Mr. Romney.)

    The free market has a self adjusting mechanism.  It is supposed to punish companies for misbehavior and/or shoddy products.  I, for one, shall exercise my free market right to award my business to companies that treats its customers fairly, not screw long time good customers like McMillan was for BofA.

    I am fairly sure this BofA/McMillan incident is from Obama administration intrusion, which it has no right to do.  I will be voting with my vote in November as well.  In the mean time, I will be voting with my time, energy, and money to get Mr. Romney elected. 

    I know some here are skeptical of Romney but I am absolutely sure of his loyalty is to the USA and is not a commie (as Mr. Beck touts as Mr. Romney’s qualification over Obama).  I am convinced that Obama’s loyalty is to his Progressive agenda.  I am 99.99% confident that Obama is a communist.  I suspected during the 2008 campaign that Obama is communist.  I am now sure well beyond reasonable doubt.

  • Anonymous

    I own guns I don’t hate anyone…. do I believe in Love thy neighbor as you love yourself ? yes.
    But the Bible also says Thou shall not murder….. killing in defense of your own life or the lives of others is justified…. so where is the problem? Jesus told His disciples” if they did not own a sword to sell their cloak and buy one”…. I believe in what restoring love stands for and to the best of my ability I will follow but that does not mean I will be a sheep for the slaughter by those of evil intent……

  • Anonymous

    Thank you for trying to set this person straight. I think you are wasting your time because that person has NO clue. This administration has let known terrorist groups into its inner circle and has filtered into most of our government. If you think Hitler and his group were bad for the population, wait and see what happens if this poor excuse for POTUS gets re elected. ALL bets are off if that happens. GOD have mercy on our souls after that move.

  • Sunshine Kid

    Got this information by email a few days ago.  There is a move to drop Bank of America accounts.  If I had a BA account, it would be moved to another bank in a heartbeat, and, yes, I DO support the right to bear arms!

    An armed person is a citizen; an unarmed person is a subject. 

    “Those who beat their guns into plowshares will plow for those who won’t” – Thomas Jefferson

  • Sunshine Kid

    Your perception of reality is like your dreams – Fine tapestry totally unwoven and ragged.

  • Anonymous

    You may be right but I’m sure you’re not very wrong. Keep up the good fight, it may be our countrys last one. I’ve nerver been as worried about my countrys survival in my life as I am these days.

  • Anonymous

    You’re beating a dead horse my friend, or at least the back end of one.

  • Anonymous

    He invested heavily in the railroad BNSF knowing that obama would not allow the Keystone  oil pipeline to go all the way to Texas and knowing that BNSF railroad was the one that had to transport the oil by rail. No backroom double dealing here though! George Soros is also in this deal. No insider trading here either. RIGHT!

  • Anonymous

    No, no, no. The use of Bible is not the problem. It’s Beck’s use of MLK’s memory. Can you quote him saying to his followers “if you don’t own a gun sell your truck and buy one”?

  • Anonymous

    Thanks!

  • Sunshine Kid

    Sunandfun, you are SOOOOOO right, but FT is a masochist, so I help him enjoy his existence.

    Besides, little pleasures help my sanity!

  • Anonymous

    Love your comments. I wish our politicians had the guts to protect our constitution and follow it. We have allowed our government to get too big and now we are paying for it.

  • Anonymous

     If not a civil war, at least rioting in the streets.  The Trayvon Martin thing is already a powder keg.  I am surprised no one else (besides TM) has been killed yet.  I hold Obama responsible for any violence in connection to the TM incident.  He has the power to calm things down.  I am sure Jesse Jackson, Al Sharpton, Spike Lee, et. al., including the people, will back down if Obama comes out and publicly calls for calm.  But he hasn’t.  Obama is responsible as he does have the ear of the people stirring things up.  I don’t think Obama is stirring things up but he does have it in his power to calm things down but he chooses not to.

    This McMillan incident is a data point for the tyranny we can expect under Obama.  I am sure he is directly responsible for that.

    I still cannot understand how Obama is so popular.

  • Anonymous

     I actually just googled Warren Buffet and Bank of America and guess what? Old Warren invested 5 BILLION dollars in Bank of America in August of 2011.

    Why does Warren’s name keep popping up when questionable business practices are being discussed?????????

  • Anonymous

    This is why guns buying has gone up 63% since BO came in office.  This is why they are trying to get the Small Arms Treaty passed, and oh yes, George Soros wants this.  I bet all of the BOFA exects  have guns in their closets to protect them., but who is going to protect them  when BO and the commies nationalize the banks.
    Where is Dirty Harry when we need him?  

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    Naturally gun owners are incensed, as am I.  But I’ve had a longstanding dislike for B of A.  It’s an AWFUL bank — always has been. We had quite a row years ago — they “done me wrong.”

    Bad idea, B of A.  As a result, I very publicly kicked Bank of America’s butt from San Diego to San Francisco.  I gave them hundreds of thousands of dollars of bad publicity.   

    Payback’s a bitch, as B of A found out.  It’s a fun tale, if you don’t care for B of A:

    http://open.salon.com/blog/richard_rider/2012/04/24/how_i_kicked_b_of_as_butt_across_the_state_of_california

  • chev65

    I agree. Ron Paul is the one. Unfortunately he won’t get elected. If America thinks things are bad now then just wait another 4 years under Obama administration. People better wake up and vote for the right man for the job. 

  • Anonymous

    Civil unrest is EXACTLY what Obama wants. He has been driving wedges between as many factions as he can possibly think of. Obama THRIVES on civil unrest. Obama LOVES civil unrest. Obama WANTS to destroy this country because he HATES this country…the country that paid for his education and his employment because he wasn’t “born with a silver spoon in his mouth”. Obama HATES that also. He HATES people who are successful UNLESS those people are giving him EXACTLY what he wants. Just listen to him when he addresses a select group of people. He chooses his audience, just as Hitler did, and tells them EXACTLY what they want to hear. Obama is a trained and disciplined dictator who knows how to manipulate his worshipers. Obama is used to dealing with mentally challenged homeless indigents in the Chicago South Side and he thinks the 300 million people in this country are just like them. Obama is a MADMAN!!! He’s ANGRY and he wants revenge. Subject: [glennbeck] Re: Bank of America drops firearms manufacturer

  • Anonymous

    I think Ron is a bit too far right. He has a lot of “hinky” proposals with which I am not really comfortable. Subject: [glennbeck] Re: Bank of America drops firearms manufacturer

  • Anonymous

    Oh, I don’t know, Geo.   How many people listen to B.O. now?   Wasn’t too long

    ago when he called for civility after the shooting of Gabby Gifford.  How long did

    that last?  He displayed which side he was on when he stated that the Martin

    boy could be his own.  There has been more news lately (online) about the true

    character of this ”innocent.”   

  • Anonymous

    DonUsaf this not thecountry I fought for nor the one, my Father foughtfor. under obama.ithas be–//come a hitler like … where one man thinks for all.

  • Anonymous

    If this is not reason enough for each of us to get our friends and neighbors out to vote in November, then you must not care about our future.

  • Anonymous

    You know what would be interesting?  It would say a lot if somebody discovers that some really sleazy business (like Playboy, or the Communist Party USA, for example) has accounts with B of A.  I have no way to investigate such a thing myself; but if anyone comes up with hard evidence (legally obtained, of course!) of objectionable entities who have B of A accounts that are in good standing, I hope they shout the news from the rooftops!

  • Anonymous

    This administration is playing with fire.   Now that they own banks,  we’ll probably hear more and more of this happening.   I hope there are still decent and honest banks out there;  private banks that are for the people instead of against. What other private company is next?

  • Anonymous

    I was a loyal customer for years and dropped them recently.   Interestingly, the fact they have America as part their title is symbolic of their demise.   The powers that be are sending a message.  

  • Anonymous

    Funny thing…and they castigated Dick Cheny for his ties to Haliburton where there was none after he retired.   Warren Buffet, the weasel and the commie, BHO make for dangerous bedfellows.

  • Anonymous

    I wonder when BofA will drop Bass Pro Shops (BPS).  I went there recently to purchase firearms and to take advantage of a discount, BPS offers a credit card to receive the discount.  I had no idea that it was a BofA, all they told me was that it was a MasterCard.  When I got my first bill and saw BofA, I knew once I paid it off I would be canceling it.  So I wonder if they know BPS sells firearms…  Better yet will BPS be next or are they too big of an account???  Find someone else BPS, please stand up!!!

  • Hal Jordan

    This is a “he said, she said” slap fight on Facebook and the blogs now. McMillan says a B of A Vice President said one thing, and B of A says they have no such policy. So either McMillan misunderstood or is lying, or the VP went against B of A policy, or B of A is lying about their policy. There are several explanations that could fit the events, but it seems most folks are willing to engage in the Great American Exercise, jumping to conclusions. Why not get someone from B of A on the air with Mr. McMillan and see what happens?

  • http://pulse.yahoo.com/_4HAW7OERGSC7VZM72V7IGDJ3B4 Sharmane

    Who’s next – Cabelas or Bass Pro?    If we don’t start standing up to this nonsense and holding feet to the fire over the disrespect shown to our Constitution and Bill of Rights we have only ourselves to blame.   We will be putting McMillan Group on our list to check into for purchasing items; while also looking into disassociating from BOA.   We have to stand up and be counted or we are part of the problem.

  • Anonymous

    No one is covering this story because it’s not a story, it’s an allegation. Less than two weeks ago, BofA loaned $250 million dollars to Freedom Choice, a firearms manufacturer. They obviously are not trying to put gun manufacturers out of business as Glenn postulates. How many of you idiots went out and bought something from McMillan? Well played, McMillan, well played.
    http://articles.chicagotribune.com/2012-04-12/news/sns-rt-markets-uscorpbondsl2e8fcdm6-20120412_1_senior-notes-high-yield-market-municipal-bonds

  • Anonymous

    Way to go, McMillan! I’m thrilled that they let us in on the attempted strong-arm tactics of BofA. Kelly McMillan did a superb job during the meeting. Enough with the BS, be a man, say what you mean, now you can leave. I thought the comments from BofA were funny about how they support the military, blah, blah, nation’s defense. But what about me and you? I’m not a veteran. I’m just a good ol’ girl who likes her guns. As a matter of fact, I like scootin’ down and getting my shoulder behind a TAC-50! (That’s a McMillan 50 BMG you may have seen on tv.) I only wish I had a BofA credit card so I could cancel it!

  • Anonymous

    Bof A is also the same bank that allows illegals to have accounts by opening with $50.
    They are the same bank whose stylized logo is the US flag and who had a manager pull US flags out of the ground in front of their bank branch the day of a patritoic parade.

  • Anonymous

    Show me one instance where Glenn has asked anyone attending his events to bring a firearm?  it has always been lock arms…. you know the right and left things hanging from your sholders not guns…. but telling people to be prepaired in case force of violence is brought against them
    has no relationship to his events…. but it is common sense to be prepaired to protect oneself and loved ones…. you yourself must admit in the past weeks we have seen those who may organize against conservitives rather than let the wheels of justic run their course put a bounty of dead or alive on a man’s head… if these organizations are
    willing to promote violence to their ends should one not be prepaired to resist and defend against it?

  • Anonymous

    Fight anger with anger… violence with violence… and there is no end to it. Love in face of torture and death… give the rest of the world an inspiring example of unconditional love. Beck here wants to have his cake and eat it too. I’m just pointing to how he embodies the same qualities he condemns in others. That’s all.

  • Anonymous

    People face it, you have Banks that the Government fully controls.  They work for Obama and will help him destroy this country and any business or organization who does not comply with Socialism.

  • Anonymous

    Except you miss the entire point, this has nothing to do with Beck, he is simply the messenger. You really are one stupid M F er. As I stated before, some of us realize it will take MORE than love. That does not sound as if I am backing what Beck is saying. Nevermind that though, a moron can not understand.

  • Anonymous

    How’s insulting everyone who disagrees with you working out for you? You sound miserably angry. Remember, all you need is love.

  • Anonymous

    I would cherish being able to drop BoA as my home loan provider… I simply can’t afford to do it… but I can let others know about their practices being under the influence of politics instead of dealing straight up with their customers.

  • Anonymous

    Bank of America is my new financial institution. Good for BoA for having the integrity for standing up to the gun nuts and scumbags at the NRA. P.S Getting a draft dodging guy who shits his pants to get out of his committment in vietnam. You guessed it that wacky rocker Ted Nugent

  • http://pulse.yahoo.com/_Q64VESC4TTIKUIFPKN4EMMKK4I Harry G

    Remember what happened the last time someone called a presidential nominee ‘The One’? My, what short memories people have.

  • Anonymous

       O-Yea….  MR. MUSH HEAD, U BET !!!!!!!!!! NO BRAINIER JUST WHAT WE NEED  ……………

  • Anonymous

    Can you say Martial Law?

  • Anonymous

    People in this country better start looking at who is getting their money. A little research is in order.

  • Anonymous

    I have to think he’s popular with the people who’s heads are in the sand.  Stupid people or people who live in their own insular world.  I can’t wait until his policies start to come down on some of these supporters, which they will eventually. When it hurts them personally, it may be too late.    At that point,  my only pleasure will be watching these goofballs suffer.  I’ve been stressed out for the past three years and I want his minions to be stressed out too.   I do think Obama stirs things up – for example, his statement about Treyvon looking like his son.  He knows exactly what he’s doing.  He may not stir things up personally all the time, but I’m sure that his administration is paying people (in one way or another)  to keep things going.

  • Anonymous

    Some see Obama as a Celebrity.  Like a movie star.  It’s hard to believe, but you can thank Holly weird for this.  My own mother (who’s not a citizen) thinks Obama is 2nd only to God.   I thank God that she can’t vote. 

  • Anonymous

    Ron Paul is a good man, but he can’t win.  Any vote for him splits the vote and allows Obama a second term.  Please keep this in mind.  We are once again asked to vote for the lesser of two evils.  It’s getting really old.

  • Joe Stan
  • http://www.facebook.com/people/Ron-Looney/100000339032603 Ron Looney

    This is one of the ways Obama and his communist party is trying to take away our 2nd.

  • http://www.facebook.com/people/Douglas-Pucky-Junghans/1437925118 Douglas Pucky Junghans

    One small step at a time folks…..One step at a time…. 

  • http://twitter.com/Lastkintacoy James J Rieker

    Bank of America takes our taxpayer dollars and they has the audacity to drop a business for political reasons.
    This business must be allowed to go bankrupt under a new admininstration;  sell its assets to another bank.; because Bank Of Amerika is bankrupt in the monatary sense as well as themorally sense. It is not an honest American business

  • http://profile.yahoo.com/HXTX7Y6H5N2IXE26AULTILQB6Q Debra

    I presently have a credit card with BA and will be canceling it soon.  When I cancel it I will definately tell them why.  Boycotts are good-they do it-so should we!!!