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    Home/News/Topics/Ethical Banking

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    Ethical Banking

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    Regulatory ComplianceProfessional ServicesEthical BankingLocal Government ProcurementPolicy
    119 days ago

    Montclair Township Votes to Divest $91M from Citizens Bank Over Ethical Concerns

    Montclair Township, NJ, has divested approximately **$91.1 million** from Citizens Bank due to its financing of private immigration detention centers. This decision highlights a significant trend where local governments reassess banking relationships based on ethical standards, potentially reshaping procurement strategies in the public sector.

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