The bank sent two letters to Lindell on February 11 that were seen by Insider. Lindell’s accounts with the bank would be closed by the end of business on February 18, according to one letter from the bank.
The Minnesota Bank & Trust has dropped MyPillow CEO Mike Lindell as a client, a month after the financial institution labelled him a “reputation risk,” a Business Insider reports said.
Lindell has been subpoenaed by the House Jan. 6 Committee and he is being sued for $1.3 billion by Dominion Voting Systems.
The letter said that any unpaid amount in the account will be mailed to the address given in file. The letter also said that alternatively, he could transfer the remaining sum to his other banking institutions via online banking by February 18, 2022.
The coup architect told Insider that he had nine bank accounts, none of which were tied to his primary MyPillow company. He said that one bank account was tied to his website Frank Speech and another to the Lindell Recovery Network, the pillow CEO’s platform for addiction recovery.
Lindell stated that the bank had disgusted him and had de-banked and had cancelled him. He went on to say that he believed “someone” had “gotten to” the bank and convinced it to cut ties with him. He also said that he has been in the news almost every day and thinks the bank is trying to “destroy” Frank Speech and him.
He revealed that he had set up a backup bank, but he did not say which one. He also stated that the Frank Speech broadcast will not be affected, Insider reported. Frank Speech is the website where he delivers his nightly hour-long daily show “Lindell Report.”
The fact that Lindell’s phone records were subpoenaed by a House select committee on January 6 caused worries at Minnesota Bank & Trust and its parent firm, Heartland Financial USA, according to Lindell. In a call with MyPillow’s financial controller, he said senior officials at the banking institutions judged him a reputation risk.
Lindell remains one of the most vocal supporters of former President Donald Trump, and he recently told Insider he’d spent $25 million pushing Trump’s voter-fraud claims. He is embroiled in a $1.3 billion defamation lawsuit with the voting-machine company Dominion Voting Systems and a separate defamation suit with the voting company Smartmatic, both of which are suing him for peddling baseless voter-fraud claims.
