Citizens Bank said it plans to wind down its financial relationship with two private prison companies that have been government contractors under the Trump administration to help run immigration detention centers, bowing to public pressure from advocates and left-leaning city governments.
Citizens provided banking services to CoreCivic and The GEO Group, both companies that own or run private prisons throughout the country. Under President Donald Trump, both companies have been contracted by U.S. Immigration and Customers Enforcement to operate detention or deportation centers as part of the Trump administration crackdown on illegal immigration.
