Thursday, February 22, 2018

NRA dumped by biggest private bank in USA

Today, First National Bank of Omaha announced (via Twitter) that it will sever its relationship with the NRA, via its FirstBank subsidiary, which issues the gun organization's credit cards.
     Sometimes privately-held corporations have a freer hand in acting decisively than do publicly-held firms. First National Omaha is the USA's biggest privately-held bank (assets: $19,000,000,000), and is is run by a 6th generation Lauritzen, Clark, who is in his early 40s.
     The bank has faced vociferous social media criticism in the last several days. Yesterday its NRA Visa sign-up website was taken offline.

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