Home Forums Hunting & Shooting Hunter's Campfire Bank of America Freezes Gun Manufacturer's Account

Bank of America has reportedly frozen the account of gun manufacturer American Spirit Arms, according to its owner, Joe Sirochman.

In a Facebook post dated December 29, Sirochman wrote the following:

�My name is Joe Sirochman owner of American Spirit Arms...our Web site orders have jumped 500 percent causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review.

�After countless hours on the phone with Bank of America, I finally got a manager in the right department that told me the reason that the deposits were on hold for further review -- her exact words were -- �We believe you should not be selling guns and parts on the Internet.��(emphasis added)

Sirochman also wrote that he told the bank manager that �they have no right to make up their own new rules and regs� and that �[American Spirit is a] firearms manufacturer with all the proper licensing.�

He also noted that he has been doing business with Bank of America for over 10 years, but will now be looking for a new bank.

According to Unlawful News, this isn't the first time Bank of America has targeted a customer involved in the firearms industry.

McMillan Group International was reportedly told that its business was no longer welcome after the company started manufacturing firearms � even after 12 years of doing business with the bank.

http://cnsnews.com/blog/gregory-gwy...nufacturers-account-company-owner-claims

Too bad that Bank of America is not holding any of my funds. It would be a kick if we could get arms owners to start a run.

BofA was the first bank to start openly giving checking accounts and credit cards to illegals some years ago. Out here in Cali anyway.

Sounds like she will be getting fired??? Now banks can decide what you can do with your own money. Unreal.

They received 97 billion in bailout funds. They are owned.

I heard about this. Truly amazing.

That's why McMillan told them to GFT.


Travis

I closed my credit card account after the MacMillan fiasco. They tried to give me the runaround and talk me out of it. I used my cc mostly for reloading component and shooting gear purchases. I told them to look at my purchases and see if they could figure out why I was closing the account. I then wished them a speedy bankruptcy. I doubt it bothered them much but I felt better.

That explains it right there!

I used to have accounts with B of A.

When I said goodbye, after doing business with them for many years, I extended the "hand of friendship" minus three fingers and a thumb.

Lawsuit time?

Should be.

I put my coins in the little brown envelope to take to school for a bank of America bank account in grade school. Later when I decided to withdraw, the entire account had been eaten up with fees. IIRC I got about thirty cents back.

It was a lesson well learned.

I'm sure the ACLU will be filing suit anytime now....

I wish my AkAir card was with someone else.

I canceled my AkAir card when it became almost impossible to book a flight using just standard mileage.

Fug 'em.

Wells Fargo wasn't very damn far behind them, and I think the first to actually start selling them homes knowingly as primary residences!

Phil

I fired those worthless b#stards two years ago after they declined the charges on ALL of my NM hunting applications.

I can understand a corporation having to deal with them, but why in the heck would any individual do any business with a bank, in the first place?

Ditto here. And the real killer BASS PRO SHOPS uses BofA for their credit card issuer. When I contacted BPS for a response after I closed my cards (one of them was the BPS BofA card) they went silent (email and call). I no longer shop at BPS even though it couldn't be more convenient.