August 30th, 2013

McMillan Merchant Solutions Processes Cards for Gun Industry

In April 2012, a major controversy arose when Bank of America (BofA) told McMillan Group International (McMillan Group) to take its banking business elsewhere. McMillan Group’s President Kelly McMillan was convinced that BofA’s reason for terminating its long-standing relationship with McMillan Group was that the family-run, Phoenix-based company produced firearms.

Kelly McMillan Group InternationalWell Kelly McMillan has fought back against the black-balling of firearms businesses by biased bankers. Kelly has created a new company, McMillan Merchant Solutions, to provide credit card processing for the firearms industry. The new company plans to donate a portion of every credit card transaction to firearms and outdoor associations.

McMillan Merchant Solutions, the only credit card processing company developed by the firearms industry, for the firearms industry, guarantees that it will never drop a customer simply because it is in the gun business. Kelly McMillan, who will serve as President of the new company, states: “I started McMillan Merchant Solutions in response to a growing trend for financial institutions to decline services to firearms companies. As president of McMillan Group International, an established firearms company, I personally experienced the biases of a financial institution and realized the need for a competitive, firearms-friendly credit card processing company. I have been very fortunate to have had a successful business in the firearms industry for over forty years. As a way to give back and help protect our Constitutional rights, I am committed to donating a portion of every credit card transaction made to firearms and outdoor associations.”

McMillan Merchant Solutions Credit Card Processing

About McMillan Merchant Solutions
McMillan Merchant Solutions is powered by LTD Merchant Services, a registered ISO/MSP of Wells Fargo Bank, N.A. Walnut Creek, CA and a registered ISO/MSP of BMO Harris Bank, Chicago, IL. McMillan Merchant Services handles all major credit card transactions with VISA, MasterCard, Discover, and American Express. For more information on McMillan Merchant Solutions, visit mmsllc.com.

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April 26th, 2012

Bank of America vs. McMillan Conflict Draws National Attention

Kelly McMillan Group McMillan firearmsLast week, we reported that Bank of America (BofA) had told McMillan Group International (McMillan) to find a different business banking provider. The Daily Bulletin was one of the first media sources to break the story — our report appeared a few hours after Kelly McMillan posted the details on McMillan’s facebook page. According to Kelly’s post, he had been visited by a BofA Sr. Vice President who, in essence, told McMillan to find another provider of banking services within six months. BofA’s stated reason for terminating its long-standing relationship with McMillan was that the family-run, Phoenix-based company now manufactures rifles (and not just fiberglass stocks).

Bank of AmericaBofA Action Provokes Criticism from Gun Owners
Over the past week, BofA been the focus of a torrent of criticism from gun owners and those who support Second Amendment freedoms. Bank of America (the recipient of $45 billion dollars in federal TARP bailout loans) responded with a notice saying that it does NOT have a corporate-wide policy preventing BofA from doing business with gun manufacturers. BofA pointed to its participation in a very large financing for the Freedom Group (which includes Remington and Bushmaster). Nonetheless, the BofA Sr. VP’s message enunciated to Kelly McMillan — i.e. find another bank within six months — has not been repudiated.

Major Media Pick Up Story — And Glenn Beck Sounds Off
Public interest in this story grows by the day. Major newspapers and media outlets are now running the story.The BofA/McMillan controversy was the focus of Glenn Beck’s April 24, 2012 radio show. Beck opined that BofA’s response was confusing at best — BofA may say that it has no written policy against doing business with gun manufacturers, but this does not prevent BofA’s executives or regional bank managers from denying lines of credit to gun-makers.

NRA Interviews Kelly McMillan
On April 23rd, NRA Radio host Cam Edwards interviewed Kelly McMillan via telephone. In the interview, Kelly provided more details of his recent interactions with Bank of America. Those interested in this controversy can listen to the full interview by clicking on the YouTube Video embedded below:

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April 19th, 2012

Bank of America Tells McMillan Group to Find Another Banker

McMillan GroupApparently Bank of America is no longer willing to provide banking services to McMillan Group Int’l, LLC (McMillan), a leading maker of gunstocks and an important supplier of stocks, rifles, and other hardware to our U.S. Armed Forces. Apparently it is not good enough that McMillan builds products used by our troops to safeguard our freedoms.

Here’s what went down. In the course of an “account analysis”, a Senior VP of Bank of America (BofA) confirmed that BofA wished to cease doing business with McMillan because the Arizona-based company now builds rifles, not just stocks and accessories. The details of the fall-out between BofA and McMillan were outlined April 19 in a post by Kelly McMillan on McMillan’s Facebook page.

HERE is the Text of McMillan’s Announcement Regarding Bank of America:

McMillan Fiberglass Stocks, McMillan Firearms Manufacturing, McMillan Group International have been collectively banking with Bank of America for 12 years. Today Mr. Ray F., Senior Vice President, Market Manager, Business Banking, Global Commercial Banking came to my office. He scheduled the meeting as an “account analysis” meeting in order to evaluate the two lines of credit we have with them. He 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 of accessories.

At this point I interrupted him and asked “Can I possibly save you some time so that you don’t waste your breath? What you are going to tell me is that because we are in the firearms manufacturing business you no longer want my business.”

Bank of America“That is correct” he says.

I replied “That is okay, we will move our accounts as soon as possible. We can find a 2nd Amendment friendly bank that will be glad to have our business. You won’t mind if I tell the NRA, SCI and everyone one I know that BofA is not firearms industry friendly?”

“You have to do what you must” he said.

“So you are telling me this is a politically-motivated decision, is that right?”

Mr. F. confirmed that it was. At which point I told him that the meeting was over and there was nothing left for him to say.

I think it is import[ant] for all Americans who believe in and support our 2nd Amendment right to keep and bear arms should know when a business does not support these rights. What you do with that knowledge is up to you. When I don’t agree with a business’ political position I can not in good conscience support them. We will soon no longer be accepting Bank of America credit cards as payment for our products.

Kelly D. McMillan
Director of Operations
McMillan Group International, LLC
McMillanUSA.com

Last name of Bank of America VP redacted at request of McMillan.

Commentary: The LAST thing Bank of America should be doing right now is terminating relationships with important, long-standing business customers. Because of a series of billion-dollar blunders by Bank of America executives, the company has suffered major financial losses and write-offs, and it was forced to sell off important assets. Reflecting the bank’s poor management, Bank of America share values declined 58% in 2011. That made BofA the “worst-performing stock in the 30-member Dow Jones Industrials Index” last year according to DailyFinance.com.

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