Story perspectives

Citizens Financial ends loans to CoreCivic, GEO after $350M withdrawals

7/18/2026

Summary

Story summary

U.S. Citizens Financial Group announced on July 17 2026 it will end credit facilities with CoreCivic and GEO Group.
Citizens said the termination reflects financing needs because government plans to buy CoreCivic sites and negotiate GEO purchases, describing it as a business decision, not political pressure.
Activists and New Jersey city councils threatened withdrawals, prompting over $350 million in pull-outs, including $13 million from the Boston Interfaith Organization and $7 million pledged by members.

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Story summary

U.S. Citizens Financial Group announced on July 17 2026 it will end credit facilities with CoreCivic and GEO Group.
Citizens said the termination reflects financing needs because government plans to buy CoreCivic sites and negotiate GEO purchases, describing it as a business decision, not political pressure.
Activists and New Jersey city councils threatened withdrawals, prompting over $350 million in pull-outs, including $13 million from the Boston Interfaith Organization and $7 million pledged by members.