We were just informed that Wells Fargo Bank would not do business with us, refusing to provide their services based on the fact that we manufacture “weapons” (aka knives). Incredibly, this refusal came after THEY initially pursued us to gain our business. Once we had decided to go with Wells Fargo, they then pulled the plug saying they could not provide their services since we manufacture weapons…Needless to say, we are shocked and confused – considering their logo is a stagecoach and driver with a shotgun too! We felt we needed to inform the firearm and knife community of this discriminatory stance Wells Fargo has taken.
The “knife community” hears you Hogue, and is attempting to get the word out. Alex Antoniou, editor of KnifeNews.com actually alerted me to the story, and wanted to get my opinion on it. You can read their coverage here.
I also corresponded with KnifeRights Chairman Doug Ritter about the situation and he sent me the following statement:
“When Aaron Hogue let me know what had happened, I was shocked to a degree, but not entirely surprised. We know some banks and credit card processors have been discriminating against knife retailers for some time now, but this was the first time I’ve been aware of a bank discriminating against a knife manufacturer. Moreover, this is after they came looking for Hogue’s business. Pretty disgusting on so many levels, in my opinion. We’re working to see what Knife Rights can do to assist our good friends at Hogue.”
Disgusting would be a diplomatic term for it. I can think of several stronger.