After Quitting One Gay-Friendly Bank, Franklin Graham Joins Another

Rev. Franklin Graham announced last week that he would pull his accounts from Wells Fargo after the bank aired an ad featuring a gay couple, but the evangelist preacher did not have the best of luck finding a new bank that does not “promote homosexuality.”

Graham told Family Research Council’s “Washington Watch” on Monday that he would switch to BB&T, a bank based in North Carolina. However, as Right Wing Watch pointed out, BB&T is a sponsor of the Miami Beach Gay Pride Parade.

The bank hosted a fundraiser for Miami Beach Gay Pride in February to honor “Legacy Couples,” where the bank also held a wedding ceremony for a gay couple at a makeshift chapel in the bank’s South Beach branch.

Arthur Costa, the regional multicultural markets officer at BB&T told the Miami Herald that the bank supports “individuals and organizations that broaden our perspectives and strengthen the diverse fabric of our communities.”

In a Facebook post on Friday, Graham said he would boycott Wells Fargo in order to “fight the tide of moral decay that is being crammed down our throats by big business, the media, and the gay & lesbian community.”

He told the Charlotte Observer that while he would not target businesses that serve or hire gays and lesbians, he doesn’t believe Christians should give money to companies “that use shareholders’ advertising dollars to promote homosexuality.”

“A bank should be promoting the best interest rates they’re going to give me and what they can do for me as a business. But they should not be trying to get into a moral debate and take sides,” he said.

Representatives at the Billy Graham Evangelist Association could not immediately be reached for comment.

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Sincerely,
TPM Staff
Latest Livewire
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Reporters:
Newswriters:
Director of Audience:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: