Wells Fargo commits $60 million to expand anti-recidivism program

Wells Fargo commits $60 million to expand anti-recidivism program

Wells Fargo has announced a commitment of up to $60 million to Concordance, a nonprofit reentry program based in St. Louis, to support the national expansion of its anti-recidivism program.

Concordance’s 18‑month reentry program aims to address the root causes of reincarceration through services such as mental and behavioral health treatment, substance use treatment, and education and job training. The commitment from Wells Fargo will accelerate plans to open 40 new centers nationwide over the next eight years, supporting additional financial education and counseling. At each new center, World Wide Technology will provide technology and services as well as support job education and training.

“Our evidence‑based model breaks the generational cycle of crime, transforms communities, and changes racial equity for the better,” said Concordance chair and CEO Danny Ludeman. “It’s a holistic program that provides a structured pathway for successful reentry into society and lowers crime and reincarceration rates in the process.”

“Wells Fargo is committed to strengthening underserved communities and building a more inclusive economy,” said Wells Fargo CEO Charles Scharf. “Concordance’s mission of helping people build a new life and learn lasting financial skills aligns well with our desire to have a positive community impact.”

(Photo credit: Getty Images/andresr)