This category includes the major financial institutions involved in funding CoreCivic and GEO Group, the two main private prison companies. These companies have historically relied on bank loans to expand their operations.
Between 2019 and 2021, several financial institutions pledged to no longer finance the private prison and immigrant detention industries. For more information, see our analysis as of September 2023.
A US-based retail and commercial banking company. It has been one of the main financial backers of private prison company CoreCivic.
A US-based banking and financial services company. It has been one of the main financial backers of private prison company CoreCivic.
A US-based banking company. It has been a major financier of private prison company CoreCivic.
A US-based banking and financial services company. It has been a major financier of private prison company CoreCivic.
A US-based bank holding company. Its subsidiary Truist Bank (formerly SunTrust Bank) has been one of the main financial backers of private prison companies CoreCivic and GEO Group. In 2019, it announced that it would no longer provide financing to companies that manage private prisons and immigrant detention centers. As of 2023, CoreCivic's and GEO Group's credit agreements do not publicly disclose the financial institutions involved.