BUSINESS
01/18/2013 03:05 pm ET

Chappell Hill Bank Allows Concealed Handguns To Halt 'Yankee' Robberies

It seems a bank in Texas agrees with NRA Executive Vice President Wayne LaPierre that "the only thing that stops a bad guy with a gun is a good guy with a gun," -- and it isn't afraid to prove it.

Chappell Hill Bank is the first bank in the country to allow customers to bring in concealed handguns, KHOU 11 News reports. Located in the 350-person town of Chappell Hill, Texas, the bank decided to promote the policy after it was robbed five times, “all of them by Yankees,” according to Chappell Hill Bank President Ed Smith.

“Everybody wants the government to do something,” Smith told KHOU 11. “People need to do things for themselves.”

Since the concealed weapons allowance went into effect, Chappell Hill Bank has not been robbed again, KHOU 11 reported.

The bank’s decision comes in the wake of LaPierre’s controversial speech in which he proclaimed that the massacre in Newtown, Conn., could have been avoided if there were armed personnel at the school. LaPierre also announced that the National Rifle Association would help train school security and develop security plans -- free of charge.

Public relations experts later deemed LaPierre’s statement to be a complete disaster.

But Chappell Hill Bank isn’t the first organization to demonstrate a hard stance on gun control laws. James Yeager, the CEO of a Tennessee company that trains people in weapon and tactical skills, recently commented that he would "start killing people" if President Barack Obama passed further gun control policies. The CEO apologized, and his gun permit was taken away by the state.

On Wednesday, Obama unveiled the most expansive gun control policy reform in decades, proposing 23 different executive actions that will be put in place immediately. The president recommended reintroducing a 10-round limit on ammunition magazines, implementing mental health services in schools and requiring criminal background checks for all gun sales, among other initiatives.

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