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-   -   Bank of America Tells McMillan Firearms to Find Another Banker (http://www.professionalsoldiers.com/forums/showthread.php?t=37581)

Team Sergeant 04-20-2012 13:42

Bank of America Tells McMillan Firearms to Find Another Banker
 
That's it for me!!!!! I'll be changing banks ASAP! Please spread this around to all weapons and military websites!

Bank of America Tells McMillan Firearms
to Find Another Banker

Apparently it is not good enough that McMillan builds products used by our troops to safeguard our freedoms.

Apparently Bank of America is no longer willing to provide banking services to McMillan Group Int'l, LLC (McMillan), a leading maker of gunstocks and an important supplier of stocks, rifles, and other hardware to our U.S. Armed Forces.
Here's what went down. In the course of an "account analysis", a Senior VP of Bank of America (BofA) confirmed that BofA wished to cease doing business with McMillan because the Arizona-based company now builds rifles, not just stocks and accessories. The details of the fall-out between BofA and McMillan were outlined April 19 in a post by Kelly McMillan on McMillan's Facebook page.

HERE is the Text of McMillan's Announcement Regarding Bank of America:
McMillan Fiberglass Stocks, McMillan Firearms Manufacturing, McMillan Group International have been collectively banking with Bank of America for 12 years. Today Mr. Ray F., Senior Vice President, Market Manager, Business Banking, Global Commercial Banking 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. F. 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 import[ant] 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 can not 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
McMillanUSA.com
Last name of Bank of America VP redacted at request of McMillan.

Dusty 04-20-2012 13:44

I ditched Bank of Amigo when it came out with the free credit card for illegals.

This just amplifies the idiocy.

JimP 04-20-2012 13:47

Guys - BOA is probably THE most anti-American bank dong business today. They went 'round the bend years back when they allied with Jesse Jerk-Off in the shakedown business.

TS - Put yourself on report and get some retraining.

DIYPatriot 04-20-2012 14:08

Thanks for the head's up, TS. My family banks locally, but I know of others that should hear this. I'll spread the word.

Dusty - I found the perfect bank for you! :D

http://redneckbank.com/

Dusty 04-20-2012 14:10

Quote:

Originally Posted by DIYPatriot (Post 445235)
Thanks for the head's up, TS. My family banks locally, but I know of others that should hear this. I'll spread the word.

Dusty - I found the perfect bank for you! :D

http://redneckbank.com/

:D: Hee Haw.

chance 04-20-2012 15:21

I left those Moron's and went to USAA.

Buffalobob 04-20-2012 15:24

I was cleaning my rifle with the A-5 stock just today after shooting it on Wednesday.

Eddie Harren is building me a lightweight rifle in 260 with a McMillan stock for hunting pigs.

I don't do any business that I know of with BOA but if I did I would change.

afchic 04-20-2012 15:58

It is a little hypocritical of them for other reasons. Funny BOA doesn't mind being the company providing DOD with our travel cards. Wish I didn't have to support them, but unfortunately it is DOD policy thatvwe have to use the card to at least purchase our airline tickets and rental cars while TDY.:mad:

airbornediver 04-20-2012 16:33

Ditched them a long time ago. I bank exclusively with USAA and local credit unions.

longrange1947 04-20-2012 19:28

This is not new news. BOA started ditching all firearms industry accounts years ago and I sent them my credit card, that I never used anyway, shredded.

Sarski 04-20-2012 21:24

Fu@k em. I left BOA back in 94 when they were Nations Bank. I had my account with them for 10 years, opened it when I was 14. Then following my enlistment, there was a 30 day period of inactivity, and they closed my account. Havn't looked back since, and never had an account at any bank since. I use a credit union.

I am tired of banks charging for services that banks provided once as part of the banking industry. I am tired of the commercials that portray banks as friendly, and on the side of consumers, tired of interest rates below 1%, and tired of banks raping their customers.

They are a huge part of the problems we as a country face today.

Surgicalcric 04-20-2012 21:34

I will be closing my accounts on Monday.

PRB 04-20-2012 21:41

I left BOA, after many years, when they bought up the 'Countrywide Mortgage paper' after the 'crash'....what a boneheaded thing to do...like that will pay off.
Look at USBank....very conservative outfit financially

Sarski 04-20-2012 23:48

Quote:

Originally Posted by PRB (Post 445336)
I left BOA, after many years, when they bought up the 'Countrywide Mortgage paper' after the 'crash'....what a boneheaded thing to do...like that will pay off.
Look at USBank....very conservative outfit financially

So...based on that, I did a couple google box searches based on Countrywide, and the fact that I know one of their office buildings (106,000 sq ft) is just down the road from me here in Texas .

Basically all I did was enter " Countrywide" or "Countrywide Plano, Tx" and such into the field, and BOA comes up numerous times along wwith other questiomable facades...such as Sabre...

The mortage scandals are all tied into these banks in someway or another, and it does not end here, it merely gets mitigated and passed along so nobody has any real extent of the damage done.

http://www.google.com/search?hl=en&s...j2.12.0.&mvs=0

and

http://www.google.com/search?hl=en&s...j7j1j0j1.12.0.

Includes results such as BOA, Counttywide, Sabre...a web of deciet from the top down, orchestrated to make things appear not as bad as they are, IMO..

33army 04-21-2012 05:39

IMHO, they should move to Navy Fed. I used BoA and USAA and the fact that all line of credit requests through both businesses are done by a computer bothers me. Navy Fed has ALWAYS reviewed my requests using a HUMAN. I had some financial issues in the past thanks to my ex and neither of the two would give me any assistance. I walked into a Navy Fed, without being a member, and requested an auto loan. 1 hour later I was at the dealership buying a car for the first time in 5 years. I would recommend this institution to Obama if I didn't think he would run them dry. Oh, and it is the largest credit union in the world, so thats a bonus.

KimuraFTW 04-21-2012 07:59

Looks like I'll be making a switch come Monday...

DIYPatriot 04-21-2012 09:59

BofA Parody
 
TS- I already found a bank for Dusty and literally stumbled upon this one for you and anyone else that ever had a bad experience with BofA. Once upon a time, I banked (for lack of a better term) with them, too.


Your new BofA

Paslode 04-21-2012 10:55

I quit banking at BoA years ago after they 'lost' car payments and cashed voided checks. In the many cases of 'lost' car payments, on several occasions I drove right over and gave them another check....only to have both checks clear the next day.

Considering BoA has laundered money for the drug cartels, it is somewhat of a surprise that they would turn away the business of a legitimate business such as McMillan. But then again the moment BoA got bailed out by the DC Mob they lost control of their operations

You know, BoA doesn't offer counter checks to their customer......no kidding. I was cashing a check at a BoA a few months bank. The lady in front of me requested some counter checks because BoA lost her check order and the Teller told her she couldn't get them. A Branch Manager interceded only to tell the lady she need to use her debit or credit card and that checks are so pass'e.

I never have those problems with the local bank down the street.

cbtengr 04-21-2012 12:00

So judging from the comments posted so far I have come to the conclusion that this bank is not being very well run. I thought banks were in the business of handling peoples money, now if you piss off and run off the people who have the money just what kind of a bank will you have to run? There are a lot more of us out there than there are of them. Thanks for bringing this issue to our attention, hit them where it hurts!

DJ Urbanovsky 04-21-2012 12:19

A visual aid, and one more reason not to use BofA. You'll have to scroll down a ways, because they made the top three...


http://demonocracy.info/infographics..._exposure.html

Paslode 04-21-2012 12:42

Quote:

Originally Posted by DJ Urbanovsky (Post 445417)
A visual aid, and one more reason not to use BofA. You'll have to scroll down a ways, because they made the top three...


http://demonocracy.info/infographics..._exposure.html


And yet another reason:

Bank Of America Forces Depositors To Backstop Its $53 Trillion Derivative Book To Prevent A Few Clients From Departing The Bank

http://www.zerohedge.com/news/bank-a...ew-clients-dep

The Reaper 04-21-2012 16:35

I was with Ft. Sam Houston National Bank for many years before they were absorbed by BoA into a branch called BoA Military Banking.

They kept most of the FSH policies and are a lot less expensive to use than the main BoA.

At the same time, I also use a military credit union for my mortgage, credit cards, auto loans, checking, and savings.

The reason we kept the BoA account open was the sheer number of branches that we can use to cash checks, pay bills, etc.

I am wondering now if we really need that convenience.

TR

Red Flag 1 04-21-2012 17:02

Been with USAA for decades. Will BOA change it's name to BOO? It should.

mojaveman 04-21-2012 17:41

Been with BofA since '87 after they bought out Security Pacific but I think I might just write the CEO a letter and let him know how I feel. If they don't make ammends with McMillian then it's adios. Their service is not what it used to be anyway.

longrange1947 04-21-2012 19:34

They will not make amends and will send you a standard form stating that their policy is to not do business with firearms manufacturers. They are actually proud of that s**t. That is how liberal the a**holes are.

VVVV 04-21-2012 21:06

Quote:

Originally Posted by Paslode (Post 445400)

You know, BoA doesn't offer counter checks to their customer......no kidding. I was cashing a check at a BoA a few months bank. The lady in front of me requested some counter checks because BoA lost her check order and the Teller told her she couldn't get them. A Branch Manager interceded only to tell the lady she need to use her debit or credit card and that checks are so pass'e.

I have to agree with the manager on that. I haven't used a paper check in years.

longrange1947 04-21-2012 22:10

Quote:

Originally Posted by WCH (Post 445483)
I have to agree with the manager on that. I haven't used a paper check in years.

I use them all the time. Guess I am old fashioned. :munchin :D

glebo 04-22-2012 04:06

Quote:

Originally Posted by longrange1947 (Post 445489)
I use them all the time. Guess I am old fashioned. :munchin :D

That's right...ya got checks...ya got money...:D:D

33army 04-22-2012 07:05

I like handing exact change to cashiers these days.....throws them off when they have to count and actually engage their damn brains.

Gypsy 04-22-2012 08:10

Quote:

Originally Posted by longrange1947 (Post 445489)
I use them all the time. Guess I am old fashioned. :munchin :D

Me too.

Word passed around, I'm not a BoA customer so that's a plus.

Destrier 04-22-2012 08:12

Quote:

Originally Posted by DIYPatriot (Post 445389)
TS- I already found a bank for Dusty and literally stumbled upon this one for you and anyone else that ever had a bad experience with BofA. Once upon a time, I banked (for lack of a better term) with them, too.


Your new BofA


Thought Dusty used his mattress.;)

Sarski 04-22-2012 09:28

For anyone that uses a credit union, or is contemplating the switch to a credit union, one of the great services they offer is called "shared branching," in which the CUs are all network branched yogether.

The advantage here is that you can access your account and take care of all your banking/credit union needs at just about any other credit union.

So, for instance, if I am with Navy Federal Credit Union, but I go on vacation to a city that does not have Navy Federal, but does have an Intouch, or a Small Town CU (I made that one up) or any other CU, chances are high that they will offer shared services between differing branches.

Not all CUs are set up for this, but a majority across the nation do offer shared branching. You will have to check with your CU (or the one you are planning on joining), and of course the one you may be using while not at your home CU. Just ask if they offer shared services or shared branching.

There are limits, such as withdraw max of $500 per day, and you can't open or close your account at a shared branch (you have to visit your home CU for that).

DIYPatriot 04-23-2012 07:51

Quote:

Originally Posted by Destrier (Post 445511)
Thought Dusty used his mattress.;)

You have a very valid point. I'm sure there's some safety deposit boxes (coffee cans) scattered around his property, too. :D

Richard 04-23-2012 08:16

Their bank - their option.

My family and most of the ranchers/farmers in the area where I grew up in NorCal banked with BofA throughout the 50s-60s - then things began to change and, as they expanded, they became more 'corporate' and less 'regional' or 'personal' in their SOP which did not sit well with those who took a more personal approach to who they dealt with when it came to their finances.

My family left BofA in the mid70s and moved all of their accounts (which included a decent chunk of $$) to a local community bank with strong ties to the farming/ranching community and who better understood their personal needs.

I still ascribe to that philosophy.

And so it goes...

Richard
:munchin

Richard 04-24-2012 06:53

Bump.

Although I don't use BofA for the reasons I've previously stated, BofA has posted this on their official FB page after receiving a number of inquiries about the McMillan statement.


Quote:

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.
Hmmmmm...:confused:

And so it goes...

Richard
:munchin

KimuraFTW 04-24-2012 07:34

Quote:

Originally Posted by Richard (Post 445782)
Bump.

Although I don't use BofA for the reasons I've previously stated, BofA has posted this on their official FB page after receiving a number of inquiries about the McMillan statement.




Hmmmmm...:confused:

And so it goes...

Richard
:munchin

It seems, as always, the truth lies somewhere in the middle...

koz 04-24-2012 08:28

I use BOFA for my checking. I started looking for a new bank after this McMillan thing. I hoped it was overblown but this statement by them seems like it's just damage control. Somewhat like a politician saying he "misspoke."

Why not put "the gun / firearms industry" in the message? Ray Fox should put out a statement saying this is not true and offer accounts for other gun industry businesses. But just because there is no "official policy" doesn't mean they don't support 2A industry.

I'm still looking for a new bank.

Sarski 04-24-2012 09:05

That letter on FB is pure BS. They hire veterans? What company that large doesn't? They plan to hire more? Is that to replace the ones that were culled in their layoffs during the last six months? The last two years?

No policy in place just means there is nothing to prevent them from doing what they did. I have a policy that I don't drink and drive, that doesn't mean that I've never done it.

On top of it all they don't really address the specific issue anyway. Just another great example of a bank trying to be freindly and on our side, as I stated in my first post in this thread.
:boohoo:boohoo:boohoo

KimuraFTW 04-24-2012 09:11

Quote:

Originally Posted by Sarski (Post 445793)
That letter on FB is pure BS. They hire veterans? What company that large doesn't? They plan to hire more? Is that to replace the ones that were culled in their layoffs during the last six months? The last two years?

No policy in place just means there is nothing to prevent them from doing what they did. I have a policy that I don't drink and drive, that doesn't mean that I've never done it.

On top of it all they don't really address the specific issue anyway. Just another great example of a bank trying to be freindly and on our side, as I stated in my first post in this thread.
:boohoo:boohoo:boohoo

Wait...are you telling us that Bank of America can't be trusted?! :D

longrange1947 04-24-2012 09:20

I call BS because during the great firearms debacle lead by libs and Nancy jerk off, they came out against Fire Arms Manufacturers at that time. They stated in a letter that they could no longer support those accounts.

Since this is a great California Institution, my guess is that they were following Pelosi and the Libs and got bit.

I will try to find the original statement, but my google fo is week.

I would love to stick this in someones ear and eye.


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