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This N.J. town just pulled $91M from Citizens Bank over ICE

Source: NJ.com Statewide · Jul 17, 2026, 12:00 PM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

This N.J. town just pulled $91M from Citizens Bank over ICE news image

A New Jersey municipality has withdrawn $91 million from Citizens Bank as part of a broader protest against the bank's financing of Immigration and Customs Enforcement (ICE) detention facilities.

This action brings the combined total of funds pulled by New Jersey municipalities through the De-ICE Citizens Bank coalition to over $330 million, reflecting growing pressure from local governments opposing ICE detention financing.

Key points

  • New Jersey town withdraws $91 million from Citizens Bank over ICE detention financing
  • De-ICE Citizens Bank coalition has coordinated over $330 million in combined municipal withdrawals
  • The movement reflects local government opposition to banking partnerships that support ICE operations
  • Multiple New Jersey municipalities are participating in the divestment campaign

FAQ

Why are New Jersey towns pulling money from Citizens Bank?
Towns are withdrawing funds to protest Citizens Bank's financing of ICE detention facilities, which they view as ethically problematic. The withdrawals are coordinated through the De-ICE Citizens Bank coalition.
How much total money has been pulled from Citizens Bank?
Two New Jersey municipalities have pulled more than $330 million combined from Citizens Bank as part of this divestment effort.
What is the De-ICE Citizens Bank coalition?
It is a coalition of New Jersey municipalities coordinating to pressure Citizens Bank by withdrawing municipal funds in protest of the bank's ICE detention financing activities.

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