Home  »  Guns  »  ‘We Believe You Should Not Be Selling Guns On The Internet': Bank of America Freezes Gun Manufacturer’s Account

Jan 7, 2013 Comments Off Spit Stixx

Excerpted from The Examiner: Joe Sirochman, owner of American Spirit Arms, an Arizona-based company that describes itself as a “leading US manufacturer of precision firearms,” including parts and accessories for weapons patterned after the AR-15, M-16 and M4, said in a Facebook post that Bank of America decided to freeze his deposits, telling him they believed he should not be selling weapons on the Internet, Jim Hoft reported at the Gateway Pundit on Sunday.

In his post, Sirochman said that his company saw a 500 percent increase in web sales recently, throwing up what he called a huge red flag at Bank of America, a company he has done business with for over ten years.

“So they decided to hold the deposits for further review,” he wrote, “meaning that the orders/payments that were coming in through the web” were being held for review by the bank. The action, he added, “made me furious.”

After spending “countless hours” on the phone, he finally spoke to a manager who reportedly told him in no uncertain terms why the funds were being held.

“We believe you should not be selling guns and parts on the Internet,” the unidentified manager allegedly said.

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Excerpted from CNS News: 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.