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Posted on 07/23/2026 12:27:23 PM PDT by lowbridge
Citizens Bank said it will exit lending agreements with two private prison operators after receiving intense public scrutiny over those relationships.
The financial group announced in a statement Friday that it would stop extending credit to GEO Group and CoreCivic. The companies, which collectively run about 130 facilities in the United States, contract with the Immigration and Customs Enforcement agency to provide detention centers. Numerous progressive groups have protested Citizens Bank's business dealings with GEO Group and CoreCivic in recent months, calling on the company to sever ties through pickets outside bank branches and even a flyover banner across the the company's namesake South Philly stadium.
Citizens Financial Group insisted that its decision was based on the private prison operators' "reduced need for a bank with Citizens' full range of capabilities" rather than public pressure. It did not "reflect any change in our view regarding these companies' business models or operations," the banking group claimed.
The hit to its public image has clearly stung. Citizens Financial Group said activists had "tried to define us through a narrow lens inconsistent with who we are," citing its charitable donations to support immigrants.
"Citizens has been disappointed that the activists have dragged it into what is largely a political matter," the statement read. "Public characterizations of Citizens by activist groups, including as it relates to our commitment to immigrants and to communities, do not reflect who we are or the record we have built."
Several Philadelphia-area chapters of Indivisible, which organized the Citizens Bank Park flyover and other protests, did not immediately respond to request for comment. The De-ICE Citizens Bank Coalition called the decision "an incredible win" on social media, while calling on clearer commitments from Citizens Bank to end any current or future relationships with private prison companies.
(Excerpt) Read more at phillyvoice.com ...
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This will not withstand judicial challenge.
Looks like Citizens Bank cares mor for NON-citizens!
Non-Citizens Bank
So Black Rock and Vanguard own almost 1/3. That would explain this move. Those bastards bankroll a lot of the leftist agenda.
So Black Rock and Vanguard own almost 1/3. That would explain this move. Those bastards bankroll a lot of the leftist agenda.
Government is buying up the facilities thus reducing their need for credit.
No big deal.
Don’t get jerked.
“So Black Rock and Vanguard own almost 1/3. That would explain this move. Those bastards bankroll a lot of the leftist agenda.”
Not for long. Soon you will own most of them.
Don’t get jerked.
What does tgis mean?
Please explain.
If you let activists direct your policies, everybody involved needs to be fired, including the CEO.
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It means Vanguard owns 12% of the bank and Blackrock 11% of the bank....
It also means they probably have the most votes on the board
Yet these same activists were applauding Bank of America, State Street Bank and the rest that were debanking conservatives, Trump supporters and Christian organizations when the dementia patient was squatting int he WH...
Sounds like a civil rights violation.
Yet, they make loans and offer accounts to ILLEGAL INVADERS, still, right??
Hate to see business commit eco-cide.
but, Bye Bye Citizens.
Was nice to know ya.
I’m sure federal regulators will have an opinion on this.
More debanking.
OK, thanks! I didn’t realize that banks could be owned by such entities. How can one find out who owns a bank corporation? Is this information public?
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