Private Prison Financing

The Private Prison Financing category focuses on the banks that serve as the primary financial backers of the two largest private operators of prisons and immigrant jails, CoreCivic and GEO Group, which depend on these banks for their expansion.

Banks that have pledged not to provide future loans to these companies, as many have done, remain on our database until their existing credit lines expire. To know which banks are financing which company and when their loans are expected to mature, see our summary of this industry here.

The list of companies involved in this sector
Select private companies are listed below publicly-traded companies.
(!) symbol means this company is on our divestment list
Publicly-Traded Companies

The second largest banking institution in the US. Has been one of the main financiers of private prison and immigrant detention companies. In 2019 it has announced it would not provide these companies with new loans.

A UK-based multinational bank that has provided credit, loans, and bond underwriting services to US private prison and detention companies.

France

A French banking group that is one of the largest retail banks in the world. Has been one of the main financial backers of private prisons and immigrant detention companies. In 2019 it announced it would stop providing loans to these companies.

A US-based financial services and bank holding company. Its subsidiary Citizens Bank has provided credit and loans to private prison corporation CoreCivic.

A US-based financial services and bank holding company. Its subsidiary Fifth Third Bank has provided credit and loans to private prison corporations CoreCivic and GEO Group.

A US-based financial services and bank holding company. Its subsidiary First Horizon Bank has provided credit and loans to private prison corporation CoreCivic.

A UK-based financial services and bank holding company. Its subsidiary banks have provided credit and loans to private prison corporation GEO Group.

The largest banking institution in the US. Has been one of the main financiers of private prison and immigrant detention companies. In March 2019 it has announced it would not give these companies new loans. Also charges prisoners exorbitant rates for prison banking services.

A US-based financial services and bank holding company. Its subsidiary PNC Bank has provided credit and loans to private prison corporation CoreCivic.

A US-based financial services and bank holding company. Its subsidiary Regions Bank has provided credit and loans to private prison corporations CoreCivic and GEO Group.

A US-based financial services and bank holding company. Its subsidiary Synovus Bank has provided credit and loans to private prison corporation CoreCivic.

A large U.S.-based regional bank, formerly SunTrust Banks. Has been one of the main financial backers of private prisons and immigrant detention companies. In 2019 it announced it would stop providing loans to these companies.

One of the largest banks in the US. Finances private prison companies CoreCivic and GEO Group. Has been one of the main financial backers of private prisons and immigrant detention companies. In 2019 it announced it would stop providing loans to these companies.

One of the largest banking and financial services companies in the world. Has been one of the main financial backers of private prisons and immigrant detention companies. In 2019 it announced it would stop providing loans to these companies.

This page was last updated on
5 October 2019