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Gabe OrtízonMastodon21d ago
“The Montclair Township Council voted unanimously Tuesday to pull all of the town’s money — about $91.1 million — out of Citizens Bank, protesting the bank’s financing of the private companies that run federal immigration detention centers.” https://www.nj.com/essex/2026/07/nj-town-pulls-91m-from-citizens-bank-over-ice-detention-financing.html
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Accuracy92%
Framing85%
Context85%
Tone75%
Analysis Summary
Montclair Township's council unanimously voted Tuesday to withdraw $91.1 million from Citizens Bank in protest of the bank's financing of CoreCivic and GEO Group, private companies that operate federal immigration detention centers. Citizens Bank has since announced plans to wind down its relationships with these contractors following sustained public pressure from activist networks and municipal divestment campaigns. Two New Jersey municipalities have now pulled over $330 million combined from the bank in the De-ICE Citizens Bank coalition effort.
Claims Analysis (2)
“The Montclair Township Council voted unanimously Tuesday to pull all of the town's money — about $91.1 million — out of Citizens Bank”
Confirmed by nj.com article and corroborated by Montclair Local. Council unanimously voted to divest.
“Citizens Bank finances private companies that run federal immigration detention centers”
Multiple outlets confirm Citizens Bank had financial relationships with CoreCivic and GEO Group, which operate ICE detention facilities. Bank announced wind-down of these relationships in response to public pressure.
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