Wells Fargo and Bank of the West have been investing in Core Civic and GEO Group, the two main private prison companies running detention centers on the border. Sonoma County currently has investments in these two major banks.
On July 23rd, protestors gathered to call on the Sonoma County Board of Supervisors. Their demand? Begin a process that could lead the county to divest taxpayers’ money from the two banks. But when do ethics overpower financial incentives? Activists may call for divestment, but the county treasury is concerned about the loss of revenue. KRCB’s Isabella Bloom has the story.
Since the protest, Vice President of GEO Group Kathy Prizmich, who happens to live in Sonoma County, sent a letter to Hopkins, urging the board not to divest. You can read about that update on our website norcalpublicmedia.org.