On Friday, businessman and MyPillow CEO Mike Lindell announced that Heartland Financial and Minnesota Bank and Trust are moving to de-bank many of his accounts associated with his multi-million dollar businesses and charities.
The announcement came on Friday's episode of War Room, where host and former Trump adviser Steve Bannon played a recording of a telephone call between a top executive at Minnesota Bank & Trust and Lindell's controller.
That executive stated during the call that the bank, a subsidiary of Heartland Financial, had concerns about being connected with "someone who could be in the news."
"Not that the FBI is even sniffing and looking, but what if somebody came and said, 'Do you know what? We are going to subpoena all of his account records, and this and that.' And then all of a sudden we make the news," the executive said.
"So it's more of a reputation risk," he said.
Accounts that are being threatened with de-banking include Lindell Management, Lindell Outreach, Lindell Recovery Network, Lindell-TV, Lindell Foundation, Lindell Publishing, Frankspeech, Michael Lindell Personal, and MyStore.
Lindell told Bannon that he has been given one week to remove Frankspeech, "and they want all the rest gone within 30 days."
"I said, 'I am not being part of this. I'm not leaving. So you're going to have to throw me out of your bank,'" Lindell said.
"Where does it end everybody? Where does it end?" he questioned.
Lindell noted that he received an email from Minnesota Bank and Trust CEO Stephen Bishop following repeated attempts to get a hold of him on the phone, with the CEO telling Lindell that he was in meetings, and would "look into it."
"Look into what? You're — I'm supposed to be able to sleep and all this just knowing I'm getting cancelled yet again?" Lindell said.