Bank Of America Freezes Gun Manufacturers Account “We Believe You Should Not Be Selling Guns On The Internet”

(Ironic Surrealism)  On December 29, the owner of American Spirit Arms; Joe Sirochman relayed this chilling news via Facebook:

My name is Joe Sirochman owner of American Spirit Arms and I wanted to share my recent experience with Bank of America .  Which we have been doing business with for over 10 years .  

Everyone is familiar with the latest increase in guns sales , dealers selling out of inventory , manufacturers back logged for months, large revenue all generated in the last two weeks.

American Spirit Arms is no exception to the overwhelming demand . What we have experienced is that our web site orders have jumped 500 % causing our web site E commerce processing larger Deposits to Bank Of America. Well, this through up a huge red Flag with Bank of America .

So they decided to hold the deposits for further review, meaning that the orders and payments that were coming in through the web , being paid by the customer and that were shipped out by American Spirit Arms, the bank was keeping . As you could imagine this made me furious.

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”

I flipped the F**k Out and told them that they have no right to make up their own new rules and regulations, that we are a firearms Manufacturer with all the proper licensing FFL (Federal Firearm license ), SOT and that we follow all Federal and All States’ rules and regulations on shipping Firearms and parts and that we are also Audited by ATF and Homeland  Security on a regular basis.

She said that she understands that but that the deposits will be released After they have a chance to review and clear them …I told her that This was unacceptable and the those deposits (that were a week old by now ) needed to be released ASAP, that we are a small business and rely on the revenue to run and stay operational.

After that being said another Manager got involved and released one of the deposits (to help out )… So far to date after Two weeks of sales only 1/3 of collected internet sales have been released.  I am still pissed and looking for another Bank and options.  I just thought the public should know.  I will keep everyone posted on new developments.  Joseph P Sirochman American Spirit Arms

Update: Email reply to my inquiry from American Spirit Arms owner Joe Sirochman:


American Spirit Arms was featured in the Feb 2012 issue of Guns Magazine. Click to read article.

  • Jimmy Madrid.


  • Breaking News

    BOYCOTT these Crooks…What the hell is happening to this country!!!



  • clockwork angel

    absolutely true..I worked for Bank of America for years as a escalated supervisor..and am glad I got out when i could ..bigger the bank bigger the balls they think they own you ..I cant count how many lies the banking centers would tell you just to get your money …they suck and like making their own rules…boycott them damn right boycott them

  • Rod

    I don’t blame this guy for being pisse4d off. Bank of America can kiss my ass also. Because of this story I went into my bank dump closed my account with them and moved it over to my local credit union. Good Luck

  • Aaron

    Fuck BOA. Best of luck man!

  • Anonymous

    sign up, join a credit union. don’t give your money to these bloodsuckers!!=

  • juan wayne

    sign up, join a credit union. don’t give your money to these bloodsuckers!!=

  • Mark

    I suggest that your firm take legal action against BOA instead of whining.

  • Sam

    BoA is the worst bank to do business with! I am wrong, it is absolutely the worst bank period! I would not put a penny in BoA if it was the last bank on earth. The audacity of BoA manager to tell Joe he should not sell his merchandise on the internet! Joe if you decide to file a suit against BoA I will be the first to donate to your cause.

  • Casey

    BOA is the absolute worst bank ever and should be boycotted by everyone! ! I had a run in with them a few years ago with my business and taxes. They cost me $80k in legal fees to clear everything up. They believe that they can crush small businesses that are successful. Bottom line don’t use them if you don’t want to get screwed like so many countless others have. Local credit unions are the way to go.

  • Elmer Fudd

    This must be your Merchant Account to process major credit card transactions. This is not unusual, nor justified many times.
    The next step is for them to TMF:terminated merchant file you. This file is shared by all acquiring Banks that are registered with th Associations:mastercard visa etc.
    Please read your Merchant Processing Agreement and you will find it allows them to do what they want whenever they want for any or no reason at all.

  • Joe Ryan

    After 15 years with this bank I pulled all my funds when their nanny policies became too much to tolerate. It’s organization has a culture of overstepping their bounds with YOUR money and a good consumer must use their power to put these organizations in their place or they will continue to victimize their customers.

  • Emery

    Why would anyone do business with Bank of America or any of the major corrupt banks of the Federal Reserve system? Americans should boycott them all – if for no other fact that after the bailout they went right back to foreclosing and throwing families out of their homes.

  • RB

    Isn’t this like throwing out the bath water with the baby? It is such b.s., with this story…People kill people, guns, rocks, sticks, bats, knifes don’t kill people-> “People kill people” End of story!

  • How about start accepting Bitcoin? This is exactly what Bitcoin was made for.




  • Brian

    Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown.

    Under the deal announced Monday, the bank will pay $3.6 billion to Fannie Mae and buy back $6.75 billion in loans that the North Carolina-based bank and its Countrywide banking unit sold to the government agency from Jan. 1, 2000 through Dec. 31, 2008. That includes about 30,000 loans.

    After the revolution we need to round up the executives, seize their wealth and lock them up


    It is time to bring back a good ole American run on the bank ! If you are a patriot and have a Bank of America account, close every one out ! Let’s boycott these traitors !

  • Captain Vic

    Soon as I learned they are part of the big plan ( NWO! ) I dumped them after 40 years This was a mistake on their part when this gets out its going to pull them under

  • Rick

    Kill your bank accounts and join a Credit Union !

  • Jim Strathmeyer

    Bank of America doesn’t want you to have a gun when they get thugs to knock on your door and drag you out of your home. It’s not good business.

  • Ed


    • I did it back in 2004, when I realized, that both the 2000 and the 2004 “elections” were bought and paid for, by Bush Regime, Inc. and that Bank of America was a big financier of the Bush campaigns. Only later did I realize, that both “opposing” candidates – Al Gore (2000), and John Kerry (2004) – were also 322 (Skull & Bones) Members at Yale, right along with G.W.


      It’s all a fraud. The “War on Drugs” – a FRAUD. (The OSS/CIA was created by the ‘Old Boys’, Central Bankers, and the ‘Old Boys’ LAUNDER the profits from the CIA controlled global drug trade, in their offshore banking facilities). The “War on Terror” – a FRAUD. (Again, the Central Banker created CIA, in turn, created ‘Al-Qaeda’ as the bogey-man du jour, in the newly created “war on terror”, to scare up more funding for bogus agencies like DHS and TSA, and take not only more of Americans’ money, but also their GOD-GIVEN RIGHTS! The FBI just finds, then sets up “terrorist” patsies, with bombs and plans, then, right at the last minute foils the plans, and uses the patsy for more MSM (Main Stream Media) propaganda for the “war on terror”). ‘AGW’ or ‘global warming’ – a FRAUD. Look, in the 1970′s Scientists were saying we are heading for a NEW ICE AGE! C’mon folks, seriously, wake the F#@$ UP! The “Fiscal Cliff” – a FRAUD. Look, if NOTHING is done, the U.S. National Debt will be $25.8 Trillion, by 2022. Under Obama’s Plan, it would be $25.4 Trillion. Under Boehner’s Plan, it would be $25.2 Trillion. It’s all total political theatre, to distract you from something else – something else they are also doing, right now, by sleight of hand. WAKE UP!

      Look, the Central Banker orchestrated economic collapse now unfolding, and the ‘austerity’ that is to come, are the PRIMARY reason, why the Obama Administration is ramping up its push for “gun control”. They KNOW they need to disarm the public, if they are to be successful, at 1) Completely collapsing the U.S. Economy, with no criminal prosecutions, 2) Imposing “austerity” measures (more fraudulent debt) on the backs of the American public, 3) Surviving the coming collapse themselves, with assets intact, and 4) Coming out the other side of the collapse, smelling like a rose, with assets intact, no criminal prosecutions, and STILL IN CONTROL! IT’S ALL ABOUT CONTROL – OVER YOU! “War on Drugs”, “War on Terror” , “AGW”, “Fiscal Cliff” – it’s all just ONE MEME – gaining more control over YOU! Look, the ‘war on drugs’ and the ‘war on terror’ is a WAR ON ~ YOU! What do they ALWAYS talk about in relation to ‘AGW’ or ‘global warming’ – GLOBAL GOVERNANCE!, right? N.W.O.

      The ONLY GOD-GIVEN RIGHTS they can “take” away from you, are those YOU FAIL TO EXERCISE!

      A MUST READ!

      An Open Letter to Members of Congress…


      The ‘global’ economy as currently configured, is the greatest, largest successful PONZI-SCHEME, ever invented, by any one, anywhere, at any time, on the face of this Earth. It’s a great racket, and they don’t want it to end.

  • Italics Mine

    But in all fairness, there are undoubtedly many gun manufacturerers that disagree with the business practices of Bank of America.

  • Jake

    $10,000 says they did not give a single background check on the people they sold their guns to. Passing it off as their right as a “Private Collector.”

    • Opticonica

      Flagged: govt paid troll

  • America’s Biggest Killers: The Chart Anti-Gunners Don’t Want You To See

    “#1 Tobacco Use – 529,000
    #2 Medical Errors – 195,000
    #3 Unintentional Injuries – 118,021
    #4 Alcohol Abuse – 107,400
    #5 Motor Vehicle Accidents – 34,485
    #6 Unintentional Poisoning – 31,758
    #7 Drug Abuse – 25,500
    #8 Unintentional Falls – 24,792
    (Non-firearm covers the use of many varied weapons — knives, bats, hammers, poisons, and more.

    #10 Firearm Homicides – 11,493

    U.S. Deaths per year, from selected causes: Sources: CDC, FBI, U.S. Federal Government”