Bank of America Corp. plans to stop lending to companies thatmake assault-style guns used for non-military purposes.

“It's our intention not to finance these military-style firearmsfor civilian use,” Anne Finucane, a vice chairman at Bank ofAmerica, said Tuesday in a Bloomberg Television interview. The firmhas had “intense conversations over the last few months” with thosekinds of gun manufacturers to tell them it won't finance theiroperations in the future, she said.

It's the first time an executive at the nation's second-largestbank has publicly laid out how it will deal with gun-industryclients following Feb. 14 shootings at a high school in Parkland,Florida, that left 17 people dead. The massacre set off a wave ofpressure on banks, payments processors and other firms to cutservices to the firearms industry and on money managers to stopinvesting in gunmakers. The response has varied.