Private Prison Financing

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

One of the largest banks in the world. It has been one of the main financial backers of private prison companies. In 2019, it announced that it would no longer extend funding to these companies; however, it is unclear whether it has upheld this commitment. The bank is also one of the funders of Atlanta's Cop City.

One of the largest banks in the world. It has been one of the main financial backers of private prison companies. In 2019, it announced that it would no longer extend funding to these companies; however, it is unclear whether it has upheld this commitment.

France

One of the largest banks in the world. It has been one of the main financial backers of private prison company GEO Group. In 2019, it announced that it would no longer extend funding to the company; however, it is unclear whether it has upheld this commitment.

A US-based retail and commercial banking company. Its subsidiary Citizens Bank has been one of the main financial backers of private prison company CoreCivic.

A US-based bank holding and financial services company. It has been one of the main financial backers of private prison companies CoreCivic and GEO Group. In 2019, it announced that it would stop financing companies that manage private prisons and immigrant detention centers. As of 2023, CoreCivic's and GEO Group's credit agreements do not disclose the financial institutions involved.

A US-based bank holding and financial services company. It has been one of the main financial backers of private prison company CoreCivic.

A UK-based bank holding and financial services company. It has been one of the main financial backers of private prison companies CoreCivic and GEO Group.

A US-based investment banking and financial services company. It has been one of the main financial backers of private prison companies CoreCivic and GEO Group. In 2019, it announced that it would stop financing these companies. As of 2023, CoreCivic's and GEO Group's credit agreements do not disclose the financial institutions involved.

A US-based bank holding and financial services company. Its subsidiary PNC Bank has been one of the main financial backers of private prison company CoreCivic. In 2019, it announced that it would not extend any additional credit to companies operating private prisons. As of 2023, CoreCivic's credit agreements do not publicly disclose the financial institutions involved.

A US-based bank holding and financial services company. It has been one of the main financial backers of private prison companies CoreCivic and GEO Group. After announcing in 2021 that it would not extend additional credit services to CoreCivic, it became the new trustee of a bond agreement with the company, set to mature in 2026.

A US-based bank holding and financial services company. Its subsidiary Synovus Bank has been one of the main financial backers 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.

A US-based bank holding company. It has been one of the main financial backers of private prison company CoreCivic. In 2019, it announced that it would no longer finance the private prison industry. As of 2023, CoreCivic's credit agreements do not disclose the financial institutions involved.

A US-based multinational banking and financial services company. It has been one of the main financial backers of private prison companies CoreCivic and GEO Group. In 2019, it announced that it would exit its relationships with these companies. As of 2023, CoreCivic's and GEO Group's credit agreements do not publicly disclose the financial institutions involved.

Private Companies

A private US-based investment management company. As of 2022, it serves as the administrative agent of CoreCivic's and GEO Group's loans.

This page was last updated on
6 September 2023