ATLANTA — Bank of America announced it would take aim at gun manufacturers that produce military-style weapons for civilian use.

The company cited recent mass shootings making headlines as the reason they're cutting funding to those manufacturers. They have not made a decision on retailers that sell those types of weapons.

"We want to contribute any way we can to reduce these mass shootings," the company's Vice Chairman Anne Finucane said. "It's not our intent to underwrite or finance military style firearms on a go forward basis."

According to Finucane, the decision is effective immediately.

But as 11Alive's Ron Jones found out, many local retailers shrugged it off saying though they may not agree with the move, it will not hurt firearms manufacturer's bottom line in the long run.

Chuck Hinsdale owns Chuck's Firearms in Atlanta and said it won't really impact his business, either.

"Manufactures are going to find funds wherever they need them. They'll be plenty of sources of revenue," Hinsdale said. "Is it discriminating? I don't know. But it is their right to at least have their opinion. That's part of the first amendment."

Even though Bank of America is one of the largest financial institutions in the country, they admit they only finance a handful of those type of manufacturers. Nonetheless, those supporting the move call it the responsible thing to do.

"It'll influence other companies and banks to do the same thing," Jackie Atchison said.