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. The debt outstanding on its
line of credit is at 61 percent.
But
at the bank’s request, he said, the McMillan group of companies would soon be
paying off its credit line and closing its accounts.
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.”
Read more: http://dailycaller.com/2012/04/20/anti-gun-bank-of-america-tells-gun-company-to-find-another-bank/#ixzz1sp3ujIF6
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