Financial Officers Accuse Bank Of America Of ‘De-Banking’ Conservatives

Amid the ongoing persecution of Americans whose views do not align with the establishment narrative, a group of 15 state financial office holders from 13 different states have called out Bank of America for “de-banking” their conservative customers.

In a letter sent to Bank of America CEO Brian Moynihan, the financial officers have accused the major banking institution of taking actions that harm the civil liberties of Americans.

“We write to express our concerns over Bank of America’s troubling track record of politicized de-banking,” the letter stated. “Bank of America’s de-banking policies and practices threaten the company’s financial health, its reputation with customers, our nation’s economy, and the civil liberties of everyday Americans.”

“We are especially troubled by Bank of America’s track record of discriminating against religious ministries,” the letter continued. “Notable examples include Memphis-based charity Indigenous Advance Ministries, the Timothy Two Project, and Christian author and speaker Lance Wallnau.”

The financial officers cited several examples in the letter, including Bank of America discriminating against Christian groups’ accounts. Another instance cited in the letter was Bank of America’s decision to close the account of Timothy Two Project International, which trains pastors in several countries around the world. The bank reportedly claimed that the group was “operating a business type we have chosen not to service, according to the Washington Examiner. Bank of America also claimed in follow-up letters that Timothy Two Project International “no longer aligns with the bank’s risk tolerance.”

The letter was signed by financial officers from Alabama, Arizona, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Nebraska, Nevada, North Dakota, Oklahoma, South Carolina and Utah.

Kentucky State Auditor Allison Ball, who signed on to the letter, told Fox News that the shocking practice of “de-banking” has become “all too common” in the United States.

“Americans should never have to worry that their personal financial decisions will be weaponized against them. This practice has become all too common, and banks must urgently course correct to uphold their fiduciary duty and safeguard the constitutional freedoms of Americans,” she told the outlet, slamming executives of financial institutions for exacerbating an already-divided political atmosphere in the United States.

There have been many other instances of “de-banking” that were not mentioned in the letter. One prominent example of a bank account being shut down over First Amendment-protected speech involved the owner of the popular X account “Catturd” and his podcast co-host, Jewels Jones. He announced the shocking actions of Bank of America in a post on X, noting that the financial institution had closed the bank account for their podcast with no explanation.

Other banks have also been caught taking similar actions to financially harm conservatives, including Minnesota Bank, which previously closed all of MyPillow CEO Mike Lindell’s accounts with no warning, causing serious harm to his business.

Lindell’s online merchant server also closed his accounts for a charity that he runs to help recovering addicts, which was especially shocking.

Tim Pool and his co-hosts on the “Timcast IRL” podcast spoke about the de-banking of conservatives in the aftermath of Lindell’s accounts being closed, pointing out that major banks appear to only have a problem with serving customers who espouse conservative viewpoints — while having no problem with continuing to serve abhorrent individuals like Jeffrey Epstein even after he was outed as a child trafficker.

Daily Wire host Ben Shapiro also previously called out Chase Bank for similar actions taken against the Proud Boys, pointing out that “we are in real trouble as a country if banks are going to start rejecting your ability to do business based on political disagreement.”

It is currently unclear whether any substantial legislative change is being sought to deal with the increasing amount of “de-banking” happening in the U.S., though the issue is extremely important and should be dealt with as soon as possible to protect the First Amendment.

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