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Last night I was reading an article that was posted in another thread and ran across some interesting information. American Spirit Arms has banked with B of A for over 10 years yet since the CT shooting and the sudden spike in "assault/tactical" weapons and parts B of A started holding all of the on line credit card purchase funds generated from Spirit's website account. When Joe Sirochman, CEO/President of Spirit, contacted the bank they said that they had to verify each transaction, blah, blah, blah... Apparently they are taking an average of 3+ weeks to release the funds while prior to the gun ban push it was near instantaneous. After Joe finally was transferred to a manager they kept giving him bogus reasons until they finally told him that the bank did not approve of him selling assault weapons, guns, or gun parts on line and suggested he cease to do so. Joe is looking to move his banking to another establishment as he does not feel that his bank should try to project their personal views on to him as business practice requirements.
*Note: this was an independent post and I am not sure where the person got their information*
*Note: this was an independent post and I am not sure where the person got their information*