Wells Fargo has provided hundreds of millions of dollars in loans and lines of credit to gun manufacturers and has had a close financial relationship with the NRA. While they prohibit non-security employees from carrying guns on their premises, they have no public policy barring customers from carrying guns. They have made significant donations to lawmakers who are backed by the gun lobby and members of Congress who denied the 2020 election results.
June 2015: Joined TD Bank, Regions Bank and BB&T to provide a $175 million revolving line of credit and $105 million loan to Smith & Wesson.
September 2018: Provided $40 Million Line Of Credit To Sturm, Ruger, And Co.
October 2022: Joined TD Bank, Citibank, Capital One and other institutions to support a $1.55 billion credit agreement to Olin Corporation, a major manufacturer of ammunition.
National Rifle Association Political Victory Fund banks with Wells Fargo.
Code of Conduct prohibits non-security employees from carrying weapons, but no public policy barring customers from carrying guns in business locations.
In 2019, a Wells Fargo spokesperson said the bank would invest $10 million in studying gun violence prevention and improving school safety.
Since the 2020 election, Wells Fargo’s PACs have donated $60,000 to NRA-backed members of Congress.
Since the 2020 election, Wells Fargo’s PACs have donated $431,500 to members of Congress who denied the 2020 election results.
Bonus points for investing $10 million for the study of gun violence and improving school safety.
