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Florida Bank Closes Donald Trump’s Accounts Without Explanation, More Banks Promise To Follow

Banking institutions execute political persecution in a ‘corporate shunning’ of former-President Trump

Frank Salvato by Frank Salvato
January 22, 2021
119
Bank United, Donald Trump
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In what can only be seen as private sector political persecution, a Florida bank has become the latest financial institution to dissolve its relationship with former-President Donald Trump over incendiary narratives floated by his detractors.

Bank United, a Florida-based bank, announced it had closed down the former-President’s account, cutting ties with him.

Mr. Trump stated he had two money-market accounts with Bank United with the accounts holding somewhere between $5.1 million and $25.2 million in worth.

“We no longer have any depository relationship with him,” a Bank United spokesperson said in a statement. There was no reasoning provided for its decision to shutter the accounts, thus disenfranchising the former-President.

Florida bank says it has closed Trump's accounts https://t.co/4WhyqIhC07 pic.twitter.com/avvde2f1YE

— The Hill (@thehill) January 22, 2021

Another Florida bank, Professional Bank, issued a statement announcing that it was ending its relationship with Mr. Trump last week. In its declaration – again providing no reasoning – the financial institution’s management said it would no longer conduct business with the former-President or his organizations.

ICYMI: Professional Bank offloads the Trump Organizationhttps://t.co/LVaVXkPOei

— SFBW (@SFBWmag) January 15, 2021

Signature Bank in New York and Deutsche Bank, two A-list financial institutions, have also declined to conduct business with Mr. Trump.

Signature Bank was overt in their opposition to the former-President and his allies in Congress in their dissolving of ties. An official statement from the institution called for Mr. Trump to resign in his last days in office.

Additionally, Signature Bank attacked the US Constitution through its threat not to conduct business with any lawmaker who objected to certifying the presidential election, a right bestowed on elected officials conducting the certification of Electoral College votes.

In 2016, several Democrats challenged elector slates for Mr. Trump from the State of Alabama. It is unclear whether Signature Bank currently does business with those members of Congress.

Since the Jan. 6 riots, the list of businesses and governments distancing themselves from Trump has grown to include Deutsche Bank, Signature Bank, the PGA, the city of New York and more. @hugomartin reports: https://t.co/F6y0lenLiw

— Los Angeles Times (@latimes) January 15, 2021

Deutsche Bank is seeking to unload more than $300 million in loans with the Trump Organization. The German multinational investment bank is reportedly looking to dump the loans onto another lender citing negative publicity because of their dealings with the former-President.

Tags: BankingDonald TrumpFinancePolitical PersecutionpoliticsStop The StealUS Capitol Riot
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Frank Salvato

Frank Salvato

Frank Salvato is the co-host of the Underground USA podcast and host of the National File podcast RightMinded. His writing has been recognized by the US House International Relations Committee and the Japan Center for Conflict Prevention, and has been published by The American Enterprise Institute, The Washington Times, Accuracy in Media, and Breitbart. Mr. Salvato appeared on The O'Reilly Factor on FOX News Channel and is the author of six books examining internal and external threats facing our country. He can be heard twice weekly on “The Captain’s America: Third Watch” radio program syndicated nationally on the Salem Broadcasting Network and Genesis Communications affiliate stations.

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