CHARLOTTE, N.C. — A gun policy that Charlotte-based Bank of America Corp. adopted earlier this year in the wake of a mass shooting at a high school in Parkland, Florida, has eliminated it from working on a bond sale in Louisiana.
The state’s bond commission banned both Bank of America (NYSE: BAC) and Citigroup Inc. (NYSE: C) from potentially being selected to participate in the underwriting of a $600 million sale of bonds that would be used to finance interstate projects, according to Bloomberg. The two banks were among 19 financial institutions that issued solicitations for the series of highway improvements in Louisiana, according to the report.
Bank of America in April pledged to stop lending to companies that provide military-style firearms for civilian use. That came after the Feb. 14 mass shooting that killed 17 people at Marjory Stoneman Douglas High School in Parkland.
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