'They basically offered nothing'
A Massachusetts gun store owner says it’s “too late” for a bank to mend a relationship that it broke.
Mark Cohen, who owns Powderhorn Outfitters, a Hyannis, Mass. gun retailer, said that his longtime bank, TD Bank, refused to extend a line of credit because of the business he is in.
Cohen explained what happened in an interview with The Daily Caller on Friday.
“This year I went to apply for a line of credit, and the bank manager came by the store,” said Cohen, adding that he’s known the bank manager for over 20 years.
“Mark, I apologize,” she said, according to Cohen, “your credit history is great, but the bank is turning you down because you sell guns.”
Cohen told his friend and lender that he would have no choice but to close his accounts with the bank since they couldn’t provide the services his company needs.
He then sent an email blast to his 5,000-plus email list and wrote a blog post for the website Northeast Shooters. The Washington Times first reported the story.
Cohen believes that TD Bank didn’t want to do business with his gun store because of a government initiative called Operation Choke Point.Read More...