American Spirit Arms the Most Recent Victim of Bank of America Anti-Gun Discrimination

Bank of America - Bank of Hoplophobia
Bank of America – Bank of Hoplophobia
American Spirit Arms
American Spirit Arms

Scottsdale, AZ –-( 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 amounts revenue all generated in the last 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 to be sending much larger deposits to BANK OF AMERICA.

Well, this threw up a huge RED Flag with Bank of America.  So they decided to hold the deposits for further review, meaning that the orders/payments that were coming in through the web, being paid by honest customers, for goods that were shipped out by American Spirit Arms, were all help by the bank “UNDER REVIEW”

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 AS FOLLOWS…


I flipped out and told them that they have no right to make up their own new rules and regs..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 only 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 on our FaceBook page:


Joseph P Sirochman
American Spirit Arms
16001 N Greenway Hayden Loop Suite B
Scottsdale AZ 85260
480-367-9540 phone
480-367-9541 fax

About American Spirit Arms:
American Spirit Arms is a leading US manufacturer of precision firearms, offering the highest quality parts, accessories and complete rifles. Modeled after the AR15, M16 rifle and M4 carbine, American Spirit Arms builds only the finest components and rifles available today.  We manufacture our products in-house at our facility in Scottsdale, Arizona, and this provides an incredibly high standard of quality and design.  Our vast experience in machining, gives us the edge in order to build the best firearm components and offer the most reliable, accurate and overall superior rifles. Visit:

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I left the bank scene years ago. I hated the politics and misc fees all the time for simply doing business with them. Went to small Credit Unions, and couldn’t be happier. I would recommend everyone leaving the BANK and investing in their community. Not in Wall Street swindlers.

Tal Johnson

once again you need to go to bank with USAA! customer service in banking is the best in the world you with really enjoy what you’re working with! and I guarantee that they will thoroughly enjoy working in serving you. I have been banking with them since I graduated college for at least 25 years now. they make you feel like the bank is right around the corner!

Harvey Meltzer

Does “BOA” stand for Bank of Africa. Certainly not “America” because that means it stands for the constitution, and 2nd amendment!


MAN! I have accounts with BofA,guess its time to close them. What Banks are not ANTI-FIREARMS?

Brian Stendel

Canceling my credit card through BOA and sending a note as to why. BTW just ordered $700+ direct from ASA please alert me if the transaction is held up. Love to drop a lawsuit in their laps.


I wouldn't piss on BOA if it was on fire…


I made the switch from BOA to a CU and a couple year ago to Umpqua. No more BS from the bank, no more held deposits, no stupid charges for talking to a real person etc. And they actually care about their clients. Go figure.


BOA has allot of nerve "acting" morally superior to anyone… they are the bank that stole hundreds of millions from their shareholders in 2008 by lying about and not disclosing the facts about Merril Lynch's TERRIBLE financial condition as is required by law when BOA took over Merril.


The best way to let Bank of America know this type of activity wont be tolerated is to CLOSE OUR ACCOUNTS with them IMMEDIATELY.I just did…. The truth is folks, we all get upset with some of the things our Government and now Bank of America are doing, but weve become complacent,believe someone else will take care of it or simply dont believe any thing can be done. The framers of our constitution understood that words without action had no meaning. Stand up, let your voice be heard. CLOSE YOUR ACCOUNT…..Spread the word, call your local Bank of America branch… Read more »


This is wrong but it isn't any worse then you selling gun parts on your web site charging my credit card and me not finding out till 2 weeks later that they're back ordered and I won't be receiving them for another three months.

carl roberts

Let us act not over React—— Wrong doing continues because good people do nothing. Start today do something to protect your rights with out violence. 1st we need to be able to communicate. If this is a filtered system. There needs to be another way developed. If we can put a man on the moon we can do it or maybe we are doing it. I think we start where we have the most influence local level. Keep in mind most of those serving us come from the legal arena they took a oath to tell the truth but forgot… Read more »


If this keeps up I will be closing my account with the please keep everyone updated

Art Krueger

your Facebook page returned this: The page you requested was not found.

Rich D'Auria

Those who fear guns are anti-gun. I have persuaded 3-4 of these people a year to come to the range with me. I start them out with a .22 revolver and .22 auto and work up to .45acp. In some cases I stop at 9mm. It never fails, the anti-gun person quickly turns to liking guns. If every gun enthusiast in the USA took at least one anti-gun person to the range between now and 2014, we would not have to worry about the balance of power in the houses. And by 2016 we would elect a President who abides… Read more »


As a former Special Forces VietNam operative, I was a customer of BoA…once long ago, and it was the worst experience of my banking life. Biased and objectionable persons in both the lower and management parts of the bank, and just plain rude attitudes from almost every BoA employee I ever had any dealings with, from tellers, all the way to the top. They are extremely biased in favor of liberal, leftist agendas, and seem to violate any and all banking laws they possibly can. They were constantly messing up my accounts, and then, would tell me it was my… Read more »

David L Laffoon

I can not beleave that bank of America even thinks they have the right to punish a company thats followed all the laws and regulations to sell firearms and parts.Sir you should get in touch with the banking commision and see just how much of bank of AMERICA's money you are entitled to for this comunist act against you.


ANOTHER incident in the ATTEMPTS of the NEW WORLD ORDER TO Disarm the Entire world…


I'm not a gun owner or a NRA member. I am an AMERICAN and am disgusted with BOA conduct. I have been banking with BOA for over 10 years and today is the last. My business will be going to a local bank/credit union. I hope all that feel the same will do the same and send them a loud and clear message.

Thom Paine

Screw the banks, they have and continue to screw us ! Went to a Credit Union from Wells Fargo and couldnt be happier. I will never do business with a megabank again nor should in my opinion any American. From main street all the way to the Federal Reserve its one big scam and unconstitutional as hell. And that you can take to the bank! 😉

Col Martinez, US Arm

8 Jan 2013

I would suggest to Joe Sirochman, owner of American Spirit Arms, to transfer his bank accounts and bank business to USAA Bank, in San Antonio, Texas.


IMHO, I recommend (as a former realtor) that you never do business with the "Bank of The UnAmerica". A highly unethical Bank.

Armed and Ready

Oops — American Spirit – You need to contact the banking commission, etc. My Boo-Boo.

Armed and Ready

Everyone needs to withdraw all funds from BOA – they have NO RIGHT WHAT-SO-EVER to unlawfully seize anyone's funds for their own agenda.

SOT – you need to contact the Banking Commission and file suit against BOA for unlawfully seizing your funds.

This is not the first time that Bank of America has done this to a gun manufacturer. We really need to stick together and stop doing business with BOA

Adrian B.

As a 9 year old child immigrant from a former Eastern European Communist country, I hate to see that what my parents left over 30 years ago is what we're surrounded by today. We are headed for communism in this country fast, where the Government is taking over every aspect of our economy, (health care, banks, loans, etc), they are now taking guns away. NEVER GIVE UP YOUR GUNS AND DO NO REGISTER THEM. They are the only thing that keeps us away from TYRANNY. Obambi is an outright COMMUNIST.

Sir David

You Are So Right! I Grew up in America and my family has fought in every war since the Revolutionary War to protect the rights of the people of this country from Communism and look what we are ending up with ? A Government that is more corrupt than Russia, Our Muslim Extremist President is giving America away to Illegals that are Invading MY COUNTRY! Time to leave for a Scandinavian Country……

Tony Vance

If BOA hates guns they should get rid of their armed security guards outside all their branches and replace them with unarmed guards. They should also not have access to law enforcement in case they need it in an emergency, since those guys do carry guns as well. Especially off limits for BOA should be the assistance of SWAT guys, because those dudes might even carry one of those scary black rifles that jump around by themselves and kill people!