banks

As more and more businesses break ties with the NRA, little attention is given to the gun manufacturers themselves, and the banks propping them up. The largest gun manufacturers like Sig Sauer, Remington and Smith and Wesson (owned by American Outdoor Brands) are being propped up by more than a dozen banks through credit arrangements.

Is your bank one of them?

1. Bank of America

Bank of America is supporting Remington, the company that made the weapon used in the Sandy Hook massacre, as it faces bankruptcy. B of A also supports Sturm, Ruger, and Co., to whom it recently renewed a $40 million line of credit. They also support Vista Outdoor. They did, on Saturday, B of A said they were reaching out to these companies to talk about “shared responsibility”, but no specifics were given.

2. Bank of Montreal

Bank of Montreal also extends credit to Vista Outdoor, which manufactured the gun the Sandy Hook killer used to shoot his mother before taking up his Remington at an elementary school.

3. Berkshire Bank

Berkshire financially supports Sig Sauer, which made the rifle used in the Pulse Nightclub shooting in Orlando, Florida.

4. Branch Bank and Trust

In addition to supporting Sig and Vista, BB&T extends a revolving $78 million line of credit to Smith and Wesson parent company American Outdoor Brands.

5. Capital One

What’s in Vista Outdoor’s wallet? A line of credit from Capital One.

6. Citizens Financial Group (Citizens banks)

Like the other backers of Sig, Citizens was named in a call to end support of the manufacturer of the Pulse massacre’s rifle.

7. JP Morgan Chase

JP Morgan is yet another financial backer of Vista.

8. Morgan Stanley

And another backer of Vista.

9. MUFG

Formerly known as Bank of Tokyo-Mitsubishi UHJ, MUFG also extends credit to Vista.

10. Northern Trust

Guess who they extend credit to? Vista Outdoor.

11. People’s United Bank

In addition to Vista Outdoor and Sig Sauer, People’s United extends a $36 million revolving credit line to Smith and Wesson.

12. Regions Bank

Regions looks a lot like People’s with support to Vista and Sig, but it’s revolving credit line to Smith and Wesson is $78 million.

13. Stifel Bank and Trust

Stifel is another backer of Vista.

14. TD Bank

TD extends another $78 million in revolving credit to Smith and Wesson, as well as a credit line to Sig.

15. U.S. Bank

Like more than a dozen others on this list, U.S. Bank extends credit to Vista Outdoor.

16. Wells Fargo

Wells Fargo extends $78 million revolving to Smith and Wesson and a line of credit to Vista. While the bank wouldn’t comment on these particular deals, it did tell ThinkProgress Monday that it would encourage a conversation to discuss additional steps to promote public safety.

17. Zions First National

Zions is yet another bank giving credit to Vista Outdoor.

 

Though the banks that bothered to comment on their ties to rifle manufacturers did so in the vaguest terms, one pattern does clearly emerge from ThinkProgress’ research – Vista Outdoor really has a lot of credit cards. Also, there doesn’t seem to be much concern that helping fund the creation of the weapons used at massacres will have consequences for these seventeen banks.

 

Katelyn Kivel is a contributing editor for Grit Post in Kalamazoo, Michigan. Follow her on Twitter @KatelynKivel.

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