Wells Fargo is the Go-To for Gun Industry


Wells Fargo has emerged as the preferred financier for the U.S. gun industry.

Bloomberg reports the bank has helped two of the biggest U.S. firearm and ammunition companies access $431.1 million in loans and bonds since December 2012.

The San Francisco based bank also works closely with the National Rifle Association.

The bank created a $28 million line of credit for the NRA and operate the primary accounts for the pro-Second Amendment group.

Wells Fargo responded in a statement that it doesn’t comment specifically on customer relationships.

In the aftermath of the Parkland shooting, some retailers have implemented stricter gun rules.

Many companies have made statements regarding the political issue. Delta Air Lines Inc., has cut all ties with the NRA’s member-benefit program.