Regions Bank will not finance CoreCivic in its latest mega-prison construction projects
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(File) Representatives with Regions Bank announced that the financial institution will not finance CoreCivic in its latest construction projects that includes two of the three mega-prisons to be built in Alabama.

To promote more inclusive prosperity and advance racial equity, Regions Bank announced it will not finance the state's latest mega-prison construction projects, one of which is planned for construction on Riffle Range Road just outside the city limits of Tallassee.

On Friday, Jan. 29, representatives with Regions Bank announced that the bank has committed to stop financing the private prison "behemoth" CoreCivic. This decision comes following  a meeting between Regions Bank and Black Lives Matter Birmingham, Faith in Works, and Alabama Students Against Prisons.