Jump to content
Bearing Arms

Another Bank Joins List Of Those Who Won’t Do Business With Gun Makers

Recommended Posts

The battle over our Second Amendment rights has never been hotter, despite a pro-gun party holding both chambers of Congress and the White House. Anti-gunners have shifted gears, trying to create a culture of hostility toward guns in the American culture. One of their greatest moves to date is recruiting financial institutions to help make life difficult for gun makers to do business.

It looks like another has joined their ranks.

From a press release from Spike’s Tactical:

APOPKA, Fla. – Representatives from Fifth Third Bank visited Spike’s Tactical, a Florida based firearm manufacturer, last Tuesday to inform them that the bank was discreetly planning to exit the banking sector for gun-related businesses.

According to Spike’s Tactical co-owner Angela Register, the bank representative informed her and their chief financial officer that their business line of credit would not be renewed and encouraged them to find a new bank to hold their accounts, even mentioning that their commercial mortgage should be transferred or it could potentially be called early.

“This is frightening because yet again, we’re continuing to see the Second Amendment under attack in more and more places,” said Register. “It also seems completely hypocritical that institutions, which have been and continue to be protected by guns, are now attacking the very industry that is often their first line of defense.”

Fifth Third Bank, which according to Forbes is one of the largest banking institutions in the U.S., has now apparently joined a growing list of banks, which are choosing to no longer do business with firearms manufacturers.

Earlier this year, Bank of America and CitiGroup, announced they would also begin restricting their business dealings with gun-related companies.

As a result of the decision made by Fifth Third, Spike’s is now looking for a new bank to help them manage their multi-million-dollar yearly revenue.

Banking is not the only angle where firearms manufacturers and dealers have been under attack. Companies like YouTube, Facebook, Shopify, Google, Walmart and Dick’s Sporting Goods have all made recent moves to restrict or prohibit gun-related business.

“We understand that the gun industry is not a protected class and that banks and other businesses can choose to not do business with us, but we also believe that customers should know if that vendor has decided to enter the political arena and they’ve taken a stand against guns,” said Register. “Additionally, this is yet another example that the market is beginning to look highly lucrative for companies to emerge that will solely support the gun industry, which is estimated at $51 billion per year and employs more than 300,000 people in the U.S.”

About Spike’s Tactical

Spike’s Tactical was founded the day before 9/11 by Mike and Angela Register and is headquartered in Apopka, Florida. The family-owned business employs around 40 people and all products are made exclusively in the USA and assembled in Florida. Spike’s Tactical is regarded as one of the premier AR-15 manufacturers in the world. Their mission is to build the highest quality products and offer them at the best possible price to the consumer. Spike’s Tactical weapons are designed to military specifications for civilian, law enforcement and military use. All products manufactured by Spike’s Tactical feature a manufacturer’s lifetime warranty.

Honestly, this is getting ridiculous. This is a business that is accused of committing no crimes at all, yet they’re being treated as criminals.

I tend to believe that businesses can do business with whoever they want to do business with, but I can’t help but notice how those who support this nonsense also think a baker should be legally required to bake cakes for weddings that go against his Christian values. The rank hypocrisy of this is disgusting, for one thing.

What these dipsticks don’t get is that if they keep this up, pro-gun activists will start pressuring lawmakers to provide protections for the firearm industry. That’s the last thing anyone should want, but it’s what’s going to happen.

Unless, as Register notes, an industry emerges that looks to take care of the gun industry’s financial needs. That’s a definite possibility and I suspect even those companies who haven’t had issues with their banking may looking to jump ship simply to prevent anything from happening.

While that’s unlikely to put a big dent in the rest of the banking industry’s business, if that industry also catered to gun owners as well, it might. After all, there sure are an awful lot of us. If we all jumped ship and supported an industry dedicated to our constitutional rights, well…I can’t help but think these guys would feel the pinch then.

Just a thought.

The post Another Bank Joins List Of Those Who Won’t Do Business With Gun Makers appeared first on Bearing Arms.

View the full article

  • Thanks 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Who Viewed the Topic

    3 members have viewed this topic:
    John Last Dale Let_Freedom_Ring

Who we are

We are a community of concerned patriots who are not overly confident in the current direction of our society, from the wild political climate to what can be summed up as a lack of morals or a complete void of integrity and pretty much a blatant disregard of respect..... Respect for our past, respect for our future and respect for each other. In order to protect our constitution and life as we know it, we decided to not be the silent majority anymore and pull our selves up by the bootstraps and make the world a better place. This website is to unite people like us, people who want to make a difference ... and do it the right way, Little did we know that in doing so we would create the number one militia community online. Here we are. Enjoy.

Disclaimer

We require all members to think before they post. We understand the issues raised on this site may lead to heated debate, but we still require all users to maintain a respectful environment. My Militia website bears no responsibility for the accuracy of anyone's comments and will bear no responsibility or legal liability for any discussion postings. We reserve the right to remove posts without notice, and the right to ban anyone who willfully violates the rules. All content is posted live with no moderation. If you see something that you think shouldn't be here please report it so we can handle it accordingly. Always respect the privacy of others if something is shared with you in a private fashion such as real names, emails or phone numbers. Please keep them private.
×

Important Information

Your Privacy Is Important To Us Learn More: Privacy Policy