Apparently 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.”
“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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This video by Mark Dalzell demonstrates the long-range capabilities of the Savage 110 BA chambered in .338 Lapua Magnum. Mark took his “BadAss” rig out to the southwest Nevada desert just north of Jean Dry Lakes. He placed a 2’x3′ target way, way out there — a full mile (1760 yards) away. At that range, flight time to target was 3.75 seconds! Sighting with a Nightforce 5-22x50mm NXS scope, Mark needed a few shots to get on target, but eventually made multiple hits, using 67 MOA of elevation and 2.25 MOA left windage. You can view the hits starting at 1:56 time-mark on the video. (Mark had a second camera set up closer to the target — this displays frame in frame in the video, and if you watch carefully you can see the strikes.) The ammo was HSM 250gr HPBT match with a 3.600″ COAL. The shooting was done at 8:13 in the morning, with clear conditions, very light winds. Temp was 57°, humidity 24.5, Density Altitude 3666. Video soundtrack is La Grange by ZZ Top.
— CLICK to hear Mark Dalzell TALK about his .338 LM Savage 110 BA and how he scored hits at 1760 yards.
Good Shooting Mark. That’s darn good for a factory rifle. You also had the elevation dialed in real close before the firing started! That shows a good knowledge of your ammo’s long-range ballistics. We also noticed how effective that muzzle brake was. Recoil looked about the same as an un-braked .308 Win.
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As you may know, Norma is working hard to make its products more readily available in the USA. Norma has put a new distribution system in place, and quality Norma ammunition and cartridge brass is now carried by many major vendors. Leading the way is Midsouth Shooters’ Supply, which now stocks a full selection of Norma brass and a large inventory of Norma loaded ammunition. Most of the Norma cartridge brass types now come in 25-unit boxes. This allows you to try out the Norma brass without breaking the bank. For example, 25 pieces of Norma 6mm PPC brass (item 013-10260105) costs just $20.25. You can “buy it and try it” without a big up-front investment.
SAVE 5% on Norma Brass and Ammo Orders! Midsouth Shooters Supply has announced a special discount just for Accurateshooter.com readers. Just enter PROMO CODE 6mmNORMA during check-out to get 5% off select Norma merchandise. Listen to the Audio clip below to learn more about this special discount!
HOW TO GET 5% OFF CLICK “PLAY” to hear Midsouth’s Michael Ryan explain how to use the 6mmNORMA Promo Code. Save 5% on your order!
Target shooters will be pleased to find Norma cartridge brass in these accurate calibers: .222 Rem, .223 Rem, 6mm PPC, 6mmBR, 6XC, .260 Rem, 6.5×284, .308 Win, .300 RSAUM, and .300 WSM. Varmint Hunters should consider these other offerings: .204 Ruger, .220 Swift, 22-250, and .243 Winchester. Big game hunters will find a huge selection of cartridge types — everything from .25-06 to .375 H&H. Of course Norma offers nearly all the popular deer-hunting cartridges, such as 6.5×55, .270 Win, .270 WSM, 7mm-08, 7mm Rem Mag, .280 Rem, .30-06, and .300 Win Mag.
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People enjoy shooting and hunting for a variety of reasons. For some it is the challenge, and the satisfaction of performing a difficult task with mastery. For others the appeal is the camaraderie — the fellowship of other shooters. Some folks enjoy the mechanical aspect — the process of reloading and just “tinkering around with guns”.
For this Editor, one of the main reasons I enjoy shooting is the chance to experience nature — to get away from the city, to a place “far from the madding crowds”. With that spirit in mind, here is an amazing time-lapse video (with music soundtrack) filmed from many vantage points in Yosemite National Park. We challenge you to watch the full video and not long to go out into the “wild places”. As John Muir said: “Going to the woods is going home.”
Everybody needs beauty as well as bread, places to play in and pray in, where nature may heal and give strength to body and soul alike. John Muir, The Yosemite (1912)
Photo from Spectacular Yosemite book by Stuart Booth and Photographer Quang-Tuan Luong.
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We’ve stated that getting more young people and women involved in shooting is key to the preservation of shooting ranges and the protection of our rights as gun-owners. The good news is that CNBC reported last week that more women than ever before are acquiring firearms and learning to shoot.
CNBC reports: “A good part of the [increase in gun sales] is women. While gun sales last year were up 14% nationwide from the year before, 47% MORE women are now shooting than they were ten years ago. And 23% of all women now own a gun — according to Gallup (2011 Gallup Poll)”. As a result of this trend, gun manufacturers’ profits are up and their stocks are rapidly climbing on Wall Street. Both Ruger and Smith & Wesson equity share prices are way up this year. Moreover, CNBC reports that mainstream retailers such as Cabela’s and Dick’s Sporting Goods are seeing “big profits from guns”. The NSSF observes that, across the nation, many local gun shops are now holding “Ladies Nights”, and enrollments in womens’ training classes is up significantly.
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Powder Valley just announced it has received 120 4-lb kegs of Vihtavuori N320 powder. This stuff has been hard to find lately, so Powder Valley suggests: “Get em quick. They won’t last long!”
We know why N320 powder is in high demand (most vendors are sold out right now). This is a truly outstanding propellant for the .45 ACP. It is very accurate, burns clean, and it meters well from progressive presses. This Editor has tried a dozen different powders for my .45 ACPs and N320 is my top choice for 180-200gr bullets. Nothing was more accurate, and N320 burned cleaner (with fewer sparks and unburnt particles flying back) than WW 231 (which is also very accurate).
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Apparently 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.“That is correct” he says.
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