Banking....2A.....Feds declassifying Firearms industry as "High Risk"

THEIS

THEIS

Hi, Sincerely
Banned !
Full Member
Minuteman
    • Nov 27, 2017
    8,128
    30,003
    Louisiana/Florida/Ukraine/MENA
    hoplitearms.com
    #1
    Hi,

    So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

    One that will offer full range of Treasury services online so members do not have to be near the bank.
    One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
    One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


    Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

    Sincerely,
    Theis
     
    • Like
    • Love
    Reactions: Jim Out, JBELL74, lash and 14 others
    #5
    I'm guessing the Fed doesn't like this idea.
    As they are ass deep in any and all banking regs it would seem to be
    an unspoken rule.
    I'm sure someone has realized there is a huge market in this demographic.
    When they commonly shit on folks with gov contracts with impunity no one
    wants to rock the boat.

    R
     
    #6
    THEIS said:
    Hi,

    So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

    One that will offer full range of Treasury services online so members do not have to be near the bank.
    One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
    One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


    Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

    Sincerely,
    Theis
    Click to expand...

    Hoplite Financial

    Hoplite Banking

    HOPElite Banking


    Its got a ring to it.
     
    • Like
    Reactions: JBELL74, Black max, Sean the Nailer and 1 other person
    #8
    BLKWLFK9 said:
    Hoplite Financial

    Hoplite Banking

    HOPElite Banking


    Its got a ring to it.
    Click to expand...

    Hi,

    Hoplite Credit Union, lol.....
    Now onto the real questions, lol...
    State Chartered or Fed Charter?
    Investors for the banking adequacy report to file with Office of Currency Comptroller and FDIC.
    Business plan with endorsement from OCC.
    And the rest is legalese and documents, lol.

    In all seriousness....someone needs to do this now that the High Risk category has been removed officially!!

    Sincerely,
    Theis
     
    • Like
    Reactions: rlsmith1
    #9
    While I think its an interesting concept. Starting a bank and licensing is as much about high level contacts and licensing as anything else. In today's environment it would probably be more difficult than ever.

    It would likely be a profitable endeavor IF it could undwrite ins also
     
    #11
    You won't find any smart money going into consumer firearms in any way. Not to say that smart money is looking all that good these days...
     
    #14
    THEIS said:
    Hi,

    So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

    One that will offer full range of Treasury services online so members do not have to be near the bank.
    One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
    One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


    Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

    Sincerely,
    Theis
    Click to expand...
    Hi,

    Serious question. With the near inevitable repeal of the lawful commerce in arms act, and the almost inevitable increase in restrictions on ownership of firearms, and especially their transfer including posthumously, do you see the client base of such an endeavor ever being greater on day n+1 as it is on day n? In other words, the most likely gun control regime is one of attrition both in sellers and owners. Because any present value analysis of such an endeavor would look pretty ugly with a constant decline in client base.

    Thanks.
     
    #15
    Hi,

    Except that the client base is actually getting larger based on conversation yesterday with my ATF liaison about the data they are seeing in the annual firearms manufactured reports that just started being submitted for 2020.

    The theoretical impending restrictions would cause more gun owners to commit to a pro 2A banking institution. Such institution would not count on customer base that supports such restrictions, so in essence...the tighter the implied gun ownership restrictions the more push for such a banking institution., IMO.

    Just look at firearm sells in the average election cycle year due to panic of theoretical impending restrictions yet those restrictions pretty much never come to fruition. Those same panic purchasing gun owners are the same base to cater to for such banking establishment.

    Sincerely,
    Theis
     
    • Like
    Reactions: lash, AMGtuned, Bryan W M and 1 other person
    #16
    THEIS said:
    Hi,

    Except that the client base is actually getting larger based on conversation yesterday with my ATF liaison about the data they are seeing in the annual firearms manufactured reports that just started being submitted for 2020.

    The theoretical impending restrictions would cause more gun owners to commit to a pro 2A banking institution. Such institution would not count on customer base that supports such restrictions, so in essence...the tighter the implied gun ownership restrictions the more push for such a banking institution., IMO.

    Just look at firearm sells in the average election cycle year due to panic of theoretical impending restrictions yet those restrictions pretty much never come to fruition. Those same panic purchasing gun owners are the same base to cater to for such banking establishment.

    Sincerely,
    Theis
    Click to expand...
    I don't doubt that the client base is bigger now than it was before. I am not sure if gun control measures will come to fruition, for the reason you observe, at a consumer level. I think it is nearly certain that the lawful protection law will be removed. More to the point, however, is that this is almost certainly a temporary removal from the high risk category especially given the way the current government is seeming to act through EA. We will see. I would not touch the consumer firearms business with a ten foot pole these days. The risk reward ratio is just not there.

    ETA: If it was a stretch to assume the marginal gun buyer would vote solely on 2a lines, then a fortiori it would be a mistake to assume they would upend their banking relationships to change because of a new found devotion to the second amendment. The number of people who live their lives for the 2a is smaller than one would expect from an echo chamber such as this.
     
    #17
    Choid said:
    I don't doubt that the client base is bigger now than it was before. I am not sure if gun control measures will come to fruition, for the reason you observe, at a consumer level. I think it is nearly certain that the lawful protection law will be removed. More to the point, however, is that this is almost certainly a temporary removal from the high risk category especially given the way the current government is seeming to act through EA. We will see. I would not touch the consumer firearms business with a ten foot pole these days. The risk reward ratio is just not there.

    ETA: If it was a stretch to assume the marginal gun buyer would vote solely on 2a lines, then a fortiori it would be a mistake to assume they would upend their banking relationships to change because of a new found devotion to the second amendment. The number of people who live their lives for the 2a is smaller than one would expect from an echo chamber such as this.
    Click to expand...
    That law will not be removed. The implications to other industries far outweighs its benefit to the gun sector. That law is the equivalent of people being able to sue Boeing because a 757 and a 767 were used to attack NY.
     
    • Like
    Reactions: lash, pmclaine and Spooky68
    #18
    THEIS said:
    Hi,

    So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

    One that will offer full range of Treasury services online so members do not have to be near the bank.
    One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
    One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


    Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

    Sincerely,
    Theis
    Click to expand...
    Well, it would be nice to not self-finance every little expansion project. Even trying use an LOC will get some bad looks if they find out. Kind of stupid to make the high risk excuse - oil is more risky over the long-term, but those loans run deep.
     
    Last edited:
    #19
    TacticalDillhole said:
    That law will not be removed. The implications to other industries far outweighs its benefit to the gun sector. That law is the equivalent of people being able to sue Boeing because a 757 and a 767 were used to attack NY.
    Click to expand...
    I agree the law is a good one, but I don't think that repealing it would lead to any change in liability in other sectors. And I think it is a law that is easy to demagogue, thus easier to repeal than a ban on civilian ownership of something would be.
     
    #20
    8-AFB012-D-18-C4-482-E-BF0-A-1393-BBD62-CEF.jpg
     
    • Like
    • Haha
    • Sad
    Reactions: gigamortis, JBELL74, OldSalty2 and 5 others
    #21
    pmclaine said:
    We also need to start a SH stock "Run Up/Hedge Fund Destruction" buying group.

    Tired of the Autistics having all the fun while us Normies sit here beating our keyboards with fantasies of glory.
    Click to expand...
    Yeah, being on the plus side of one more good short squeeze would be good.
     
    #29
    THEIS said:
    Hi,

    Hoplite Credit Union, lol.....
    Now onto the real questions, lol...
    State Chartered or Fed Charter?
    Investors for the banking adequacy report to file with Office of Currency Comptroller and FDIC.
    Business plan with endorsement from OCC.
    And the rest is legalese and documents, lol.

    In all seriousness....someone needs to do this now that the High Risk category has been removed officially!!

    Sincerely,
    Theis
    Click to expand...

    With Abbot claiming to want to make TX a 2a safe haven, it only makes sense to do this in TX. Definitely state chartered, never involve the feds!

    Let me know when you're going to start this, ill drop everything to help with anything and everything.
     
    #30
    stello1001 said:
    With Abbot claiming to want to make TX a 2a safe haven, it only makes sense to do this in TX. Definitely state chartered, never involve the feds!
    Click to expand...

    Hi,

    LOLOL Abbot is a joke....

    I brought a proposal to him and the Texas Economic Development Board that would have cemented Texas as the leading State for International Military and Defense equipment manufacturing, brokering, holding and logistics in the USA.

    USA Chamber of Commerce along with multiple Domestic and International Defense Industry companies wanted to launch an International Defense Industries Manufacturing Complex outside of Houston. Harris County Mayor was giving the land at no charge to the Complex.

    Abbot DEMANDED that DPS and any other State agency he gave permission to would be able to go into any of the businesses and demand any and every document that he wanted them to get even though ALL the companies would have Federal licenses, permits and inspections.

    Sincerely,
    Theis
     
    Last edited:
    • Angry
    • Wow
    Reactions: Blue Sky Country, Sean the Nailer, lash and 2 others
    #32
    THEIS said:
    Hi,

    So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

    One that will offer full range of Treasury services online so members do not have to be near the bank.
    One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
    One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


    Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

    Sincerely,
    Theis
    Click to expand...
    If nobody can open a truly gold backed, 100% reserve bank in the states, how would a firearm centric bank be allowed? I love the idea however
     
    #33
    1moaoff said:
    Wtf
    Click to expand...

    Hi,

    There is a reason we moved Hoplite Arms from Houston to middle of nowhere Louisiana.
    Was not going to pay another dollar to the State of Texas in taxes and such.....

    As soon as we have production model rifles going I will revive the proposal. The Parish Economic Development Board here has already granted 100 acres for such proposal....

    Sincerely,
    Theis
     
    • Like
    Reactions: Desert Raven, Blue Sky Country, gigamortis and 5 others
    #34
    The D said:
    If nobody can open a truly gold backed, 100% reserve bank in the states, how would a firearm centric bank be allowed? I love the idea however
    Click to expand...

    Hi,

    A member driven/owned institution....back customers cash with ammunition and ammunition components :)

    Sincerely,
    Theis
     
    • Like
    Reactions: MacMan48, Blue Sky Country, lash and 2 others
    #38
    Even state chartered banks are also regulated by either FRB or the FDIC. Regulatory burden for a new denovo bank is ridiculous! This is why we are seeing all small family run banks selling to larger institutions. Number of banks nation wide is a third of what it was 15 years ago. It is almost impossible to start a new financial institution and be profitable in today’s world. Half a billion in earning assets is kind of the bare minimum it takes just to cover the costs in compliance and not be under constant letter of understanding from the regulators. All those rules put in for J.P. Morgan, Wells Fargo, chase etc apply to small FIs as well. Only the large survive with their 100’s of employers who do nothing to add value to customers but just to stay ahead of the regulations. There are still plenty of mid sized Local banks that welcome working with, LGSs, smaller ammo manufacturers and gun builders. Just hard for these size banks to deal with the big players in the industry just due to larger loan sizes. There are also merchant service providers (ability to take credit cards) that welcome these business as well.
     
    #41
    lariat said:
    What would you define as basic financial services?
    Click to expand...
    No loans = no earning assets. Income from an investment portfolio would not cover costs to stay open. Banks make their money from 2 main areas. Interest income( loans and very safe investments). Non interest income including deposit fees and transactional fees. The non interest income would not cover basic operations
     
    #42
    Spock said:
    No loans = no earning assets. Income from an investment portfolio would not cover costs to stay open. Banks make their money from 2 main areas. Interest income( loans and very safe investments). Non interest income including deposit fees and transactional fees. The non interest income would not cover basic operations
    Click to expand...
    Ding ding. We have a winner. Its the use of the F in Fractional Reserve Banking that keeps the bank lights on AND the economy chugging along.
     
    Last edited:
    #43
    Franko said:
    1. Credit card processing
    2. Money transfers along the lines of PayPal
    I would aim at the small slices of the market (e.g., guns and firearms related stuff) that have been abandoned by the established players due to "wokeness".
    Click to expand...
    There are plenty of smaller players in the cc processing that are more than happy to accommodate this right now. These are not banks but just a tech middleman. P to P transfers are a bit trickier with a more limited set of players. They also have a bigger risk attached as well thus making the fees higher and limits per transaction lower
     
    #44
    Franko said:
    1. Credit card processing
    2. Money transfers along the lines of PayPal
    I would aim at the small slices of the market (e.g., guns and firearms related stuff) that have been abandoned by the established players due to "wokeness".
    Click to expand...
    I suggest a book - The Innovation Stack by Jim McKelvey. Not necessarily the reason it was written, but it does show plainly that what you are suggesting is still a process that is beholden to banking corporations.

    Also remember - credit cards are loans. Regardless of what you do, you have a contract with a bank.
     
    • Like
    Reactions: Franko
    #45
    lariat said:
    I suggest a book - The Innovation Stack by Jim McKelvey. Not necessarily the reason it was written, but it does show plainly that what you are suggesting is still a process that is beholden to banking corporations.

    Also remember - credit cards are loans. Regardless of what you do, you have a contract with a bank.
    Click to expand...
    And there in lies the rub. Again a lot of community banks did not abandon this sector and neither did some of the merchant service providers. All FI’s are at the mercy of the Fed and regulation which scares the crap out of me. Most of the huge FI’s bowed out not due to the financial risk but more from not having to be drug throw the mud by the screaming left. At least at this point smaller institutions are not under that same level of public scrutiny.
     
    #46
    I like the idea and would definitely be a member of a credit union based on this model. All the naysayers, especially fudd Choid should take a good look into the mirror and decide right now who you really support. Lots of mouth but afraid to back it?
     
    #47
    Bottom line As a consumer you need at a minimum a checking account and debit card to play. Choose your local small bank, not credit union as they have caved on this issue. As a business this will Also serve you well. But clearly right now everything can change with a stroke of a pen. VISA and MasterCard also control way to much but so far they have been mostly content to talk the woke talk but not actual restrict transactions
     
    #50
    THEIS said:
    Hi,

    There is a reason we moved Hoplite Arms from Houston to middle of nowhere Louisiana.
    Was not going to pay another dollar to the State of Texas in taxes and such.....

    As soon as we have production model rifles going I will revive the proposal. The Parish Economic Development Board here has already granted 100 acres for such proposal....

    Sincerely,
    Theis
    Click to expand...


    Haha! Yeah i did notice Hoplite was based out of HTX initially but now out of LA.
     
    You must log in or register to reply here.

    Similar threads

    Blue Sky Country
    2A ALERT: VIRGINIA. VCDL URGENT LEGISLATIVE ACTION for pending gun bills. Salem gun show needs volunteers 01/18-19
    Replies
    9
    Views
    428
    232593
    232593
    Glassaholic
    Rifle Scopes Alpha Class High Magnification 6-36/7-35 FFP Scope Review
    Replies
    126
    Views
    7K
    Charcoal Victorious Alp
    C
    gr8fuldoug
    Industry News and Updates
    Replies
    0
    Views
    747
    gr8fuldoug
    gr8fuldoug
    Bakwa
    Casual KAC SR-15 Comparison [a study in performance]
    Replies
    74
    Views
    9K
    SigSauerM7
    SigSauerM7
    F
    2024 Legion Memorial Run and Gun, Honoring the Fallen as a Family
    Replies
    13
    Views
    780
    FatBoy
    F
    Top Bottom
    Back
    Home
    Forums
    Merch
    Alerts