Up in arms, Louisiana bars Citi and BofA

Talk about a backfire. Louisiana has “prohibited” Citigroup and Bank of America from participating in an upcoming bond sale over their recent restrictions against doing business with gunmakers.

“I personally believe the policies of these banks are an infringement on the rights of Louisiana citizens,” State Treasurer John M. Schroder said. “As a veteran and former member of law enforcement, I take the Second Amendment very seriously.”

The bond commission’s vote was 7-6 to keep the Wall Street banks from underwriting its upcoming public debt offering.

The two banks adopted new corporate policies around arms makers this year following the school shooting in Parkland, Fla., where 17 people were killed.

Citi was the first major bank to impose restrictions on corporate clients, requiring gun retailers to sell to people over 21, carry out background checks and avoid selling high-capacity magazines.

“Citi adopted this policy because we believe it is a positive and balanced step to promote gun safety without undermining free markets or Second Amendment rights,” Scott Helfman, a bank spokesman, told The Post.

“It is disappointing that the taxpayers of Louisiana will be deprived from competitive bidding for necessary public works because the process has been politicized.”

BofA had followed Citi in saying it wouldn’t lend to makers of “assault-style” weapons, but did lend $43.2 million to Remington, according to reports.

A spokesman for Bank of America declined to comment.