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Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims
CNSNews ^ | January 7, 2013 | Gregory Gwyn-Williams, Jr.

Posted on 01/07/2013 12:44:50 PM PST by neverdem

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.


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Front Page News; Politics/Elections; US: North Carolina
KEYWORDS: bancodelasamericas; banglist; bankofamerica; bofa
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1 posted on 01/07/2013 12:45:13 PM PST by neverdem
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To: neverdem

If this is not proof positive that, should conservatism/Constitutionalism wane and liberalism reign, the US would be under tyrannical despotic rule, then I don’t know what is...


2 posted on 01/07/2013 12:48:02 PM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: neverdem

Time to close my BOA account.


3 posted on 01/07/2013 12:48:47 PM PST by Internet Walnut
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To: neverdem

If this is true, then of course he should sue them into oblivion. But as I posted last week, I believe the Obama regime is doing everything possible behind the scenes to go after gun manufacturers and those associated with it.

Who runs BofA? Obama loving cronies.


4 posted on 01/07/2013 12:49:28 PM PST by Obadiah (Flirtin' with Disaster)
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To: neverdem

My wife worked for Seafirst bank in Seattle that was bought by BA. She worked there 32 years. She was terminated along with 300 other employees in her department around the USA by a phone conference. She had enough time to retire and did that. Plus she got the buy out package. But, she hated BA. They screwed all the SF employees and changed all the programs they had for pay, retirement, 401k etc to benefit them (BA). She was happy to retire and leave.


5 posted on 01/07/2013 12:50:00 PM PST by RetiredArmy (1 Cor 15: 50-54 & 1 Thess 4: 13-17. That about covers it.)
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To: neverdem

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


Frankly surprised that the Facebook post wasn’t censored.


6 posted on 01/07/2013 12:50:28 PM PST by 2 Kool 2 Be 4-Gotten
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To: neverdem

Let’s see - Spirit Arms has orders go up 500% while BofA won’t survive if ever off the gummint nipple. I’ll have to go to Spirit Arms to see if they have anything I need.


7 posted on 01/07/2013 12:50:44 PM PST by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
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To: neverdem

If anyone can’t see that we are headed to a barter society, then they have their head buried 10 feet in the sand.


8 posted on 01/07/2013 12:52:03 PM PST by fwdude ( You cannot compromise with that which you must defeat.)
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To: neverdem

Prosperity Bank or Frost Bank in Texas will be happy to have American Spirit’s account. Bank of America just settled a $10 billion payoff to the government. Who wants to trust that specious outfit with their cash?


9 posted on 01/07/2013 12:52:36 PM PST by txrefugee
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To: RetiredArmy

I worked for Rainier Bank, then Security Pacific, in Seattle. And in a very high position - just not high enough to get the golden parachute...experiences your wife had are very similar to mine....


10 posted on 01/07/2013 12:54:55 PM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: neverdem

I believe BofA should not be using taxpayer money to cover their toxic derivatives.


11 posted on 01/07/2013 12:54:58 PM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: Gritty; Constitution Day; TaxRelief; Tax-chick; RegulatorCountry; wardaddy; Squantos; ...
BANG! If American Spirit Arms didn't break the law, I'd find another bank.
12 posted on 01/07/2013 12:54:58 PM PST by neverdem ( Xin loi min oi)
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To: neverdem

Closed all my BA accounts (and explained the why to them) the last time they did something like this.

F’m


13 posted on 01/07/2013 12:56:17 PM PST by JMJJR ( Newspeak is the official language of Oceania)
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To: neverdem

I wonder when we’ll start seeing the gun-enthusiast-only drinking fountains and waiting rooms.

Will there come a day when conservatives will be indicted and mocked for “passing liberal?”


14 posted on 01/07/2013 1:05:16 PM PST by Tolerance Sucks Rocks (Happy New Year!)
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To: neverdem

How did they break the law? (And if they did, was it even a just law in the first place?)


15 posted on 01/07/2013 1:08:46 PM PST by Tolerance Sucks Rocks (Happy New Year!)
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To: Tolerance Sucks Rocks

Dear Bank of America, we would like to test your twenty dollar bills for traces of cocaine. - DEA


16 posted on 01/07/2013 1:09:04 PM PST by massgopguy (I owe everything to George Bailey)
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To: Tolerance Sucks Rocks
Will there come a day when conservatives will be indicted and mocked

Would have to say the mocked and mocking part began many years ago. The indicted part cannot be too far down the road, if not already begun. Who would mention it in the media, if has begun?

17 posted on 01/07/2013 1:09:04 PM PST by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: neverdem
In this case, Bank of America appears to be a bit of an ironic name. But, just naother reason why companies should not be bailed out with taxpayer dollars, as I believe BOA was.
18 posted on 01/07/2013 1:09:04 PM PST by Major Matt Mason ("Journalism is dead. All news is suspect." - Noamie)
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To: no-to-illegals

Check the Telegraph. The Brits will find out about it before we do.


19 posted on 01/07/2013 1:11:44 PM PST by Tolerance Sucks Rocks (Happy New Year!)
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To: neverdem

We don’t treat al Queda this way. :(


20 posted on 01/07/2013 1:11:51 PM PST by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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