McMillan Fiberglass Stocks, McMillan Firearms Manufacturing and McMillan Group International have been collectively banking with Bank of America for 12 years. But no more: In a recent meeting, the mega-bank told the firearms company that its business is no longer welcome.
Operations director Kelly McMillan told the Daily Caller that his company has never been late on a payment and has never bounced a check. …
Writing Thursday on Facebook, McMillan described a meeting at his office with Ray Fox, a business banking Senior Vice President with the giant bank. What was originally scheduled as an “account analysis” meeting, however, quickly became a political smackdown.
The Bank of America emissary, he said, “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,” McMillan said, 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.’”
Fox’s reply, according to McMillan? “That is correct.”
via The Daily Caller.
Well that pretty much says it all (more details to the story at the link.)
I hate it when people say this but… please pass this story along. It is just so wrong that BofA would stop doing business with a successful company solely based on their manufacture of a legal and non-prurient product.
I, thankfully, don’t do any business with BofA. Can say that I certainly don’t intent to do so now.
UPDATE: Title changed to more accurately reflect the story.