Published By:Cincinnati Business Journal
Fifth Third slams the door on financing private prison companies
Fifth Third had $40 million in outstanding balances on term loans and revolving credit lines with Nashville, Tenn.-based CoreCivic, one of the two largest private prison operators, as of year-end, according to a report produced by the Center for Popular Democracy, In the Public Interest and the Public Accountability Initiative. CoreCivic has a total of $400 million in outstanding balances with big banks.