• Gun-control advocates target Bank of America after Santa Fe shooting

    By: Caroline Hudson, Charlotte Business Journal

    Updated:

    Last Friday, 17-year-old Dimitrios Pagourtzis opened fire at Santa Fe High School in Santa Fe, Texas, killing 10 people. His weapons of choice were a Remington 870 short-barreled shotgun and a .38-caliber Rossi revolver, both stolen from his father, according to reports.

    This latest tragedy brought Charlotte-based Bank of America Corp. under fire once again for its decision to back a lending package to save assault-rifle manufacturer Remington Outdoor Co. from bankruptcy, for which it officially filed in late March.

    Critics of the Remington deal say the bank is going back on its earlier pledge to stop lending to manufacturers of “military-style firearms” in the wake of the February shooting at Marjory Stone Douglas High School in Parkland, Fla. 

    Following the Santa Fe shooting, gun-control advocacy group Guns Down America is circling BofA’s uptown headquarters in a truck with a billboard in tow. The billboard, expected to be around through Saturday, urges onlookers to “tell BoA to StopFundingGuns.org.”

    A bank executive defended the Remington deal in a statement.

    Read more on the issue here: http://bizj.us/1pm0qt 

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