Bank of America to gun company: Find another bank
Published: 5:07 PM 04/20/2012
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 ...