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VICTORY - Citizens Bank Announces Intent to exit relationship with CoreCivic and GEO Group
On July 17th, Citizens Bank announced via a written statement that they would be exiting its credit relationships with CoreCivic and The GEO Group, the two largest private prison and immigrant detention corporations in the country.
This is the outcome we have been organizing toward through the "Not With Our Money, Citizens!" campaign. This victory is the result of months of pressure from GBIO, our sister organization Greater Cleveland Congregations and the national voice of the De-ICE Citizens Bank Coalition. Together, our organizations pledged to move over $25 million from the bank if they continued to support these companies that have helped inflict irreparable harm across many American communities.
While Citizens Bank maintains that this announcement comes from a business perspective, the mounting pressure from our campaign is undeniable. This month, municipalities in New Jersey pulled over $350 million from Citizens, further demonstrating public backlash against their support of CoreCivic and GEO Group.
We are grateful for our allies, as well as the over 100 individuals across GBIO who pledged to move their money with us. This is our time to celebrate!
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