Ally Bank

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Overview

Ally Bank is NYSE: ALLY + US-based online commercial bank + auto finance + securities + credit cards + one of US's largest digital-first commercial banks + ~11M+ US Ally Bank customers + founded May 2009 as GMAC ResCap successor + May 10 2010 Ally Bank rebrand [1, us-cro].

History

1919 — GMAC General Motors Acceptance Corporation founded as US auto finance subsidiary of General Motors.

May 2009 — GMAC Bank renamed Ally Financial Inc post-2008 financial crisis US government bailout + GM divestiture.

May 10 2010 — Ally Bank launched as Ally Financial's US-based online commercial bank.

Apr 10 2014 — Ally Financial NYSE IPO under ticker ALLY.

Ownership & operator

Operating entity: Ally Financial Inc Ally Bank (US-based online commercial bank + auto finance + securities + credit cards; NYSE: ALLY).

Major shareholders: Vanguard + BlackRock + State Street + US + international retail + institutional + foreign investors free float (no major controlling shareholder).

Regulators: OCC + Federal Reserve + FDIC + Utah state regulators.

Technical integration

Ally Do It Right mobile app (iOS + Android; ~11M+ US Ally Bank customers) + ally.com online + Ally Bank online-only digital bank (no physical branches) + Ally Visa + Mastercard credit + debit cards + Ally Auto + Ally Invest US stock brokerage + Ally Lending; ACH + FedNow + Zelle + RTP The Clearing House Real-Time Payments.

Implementations & partners

Zelle US bank consortium member: [[zelle]] (Zelle; Early Warning Services LLC US bank consortium P2P payment network; ~125M+ US users).

Major US banking + digital bank + payments competitors: [[chase-mobile]] (Chase Mobile; JPMorgan Chase US; NYSE: JPM; world's largest bank by market capitalization) + [[bank-of-america]] (Bank of America; NYSE: BAC; US-based commercial + investment bank) + [[wells-fargo]] (Wells Fargo; NYSE: WFC; US-based commercial bank; ~70M+ US Wells Fargo customers) + [[citi-mobile]] (Citi Mobile US; Citigroup NYSE: C; US global banking group) + [[us-bank]] (US Bank; NYSE: USB; US-based commercial bank) + [[pnc-bank]] (PNC Bank; NYSE: PNC; US-based commercial bank) + [[truist]] (Truist Financial; NYSE: TFC; US-based commercial bank) + [[capital-one]] (Capital One; NYSE: COF; US-based commercial bank + credit cards) + [[marcus-by-goldman-sachs]] (Marcus by Goldman Sachs; Goldman Sachs Bank USA US-based digital bank) + [[chime]] (Chime; US-based digital bank) + [[venmo-app]] (Venmo; PayPal-owned US-based P2P mobile wallet) + [[cashapp]] (Cash App; Block NYSE: SQ + NYSE: XYZ US-based P2P mobile wallet) + [[paypal-app]] (PayPal; NASDAQ: PYPL; US-based global digital payment platform) + [[apple-pay]] (Apple Pay; US-based device-anchored mobile wallet) + [[google-pay]] (Google Pay / Google Wallet; US-based device-anchored mobile wallet).

Regulators: OCC + Federal Reserve + FDIC + Utah state regulators.

Status

Active, NYSE:ALLY + US-based online commercial bank + auto finance + securities + credit cards + one of US's largest digital-first commercial banks + ~11M+ US Ally Bank customers + founded May 2009 as GMAC ResCap successor + May 10 2010 Ally Bank rebrand [1, 2].

Sources

1 Ally Bank — official
2 Ally Financial — Wikipedia
us-cro In-corpus: reports/countries/US-united-states.md

Source

Biography extracted from ally-bank-app.md. See matrix.md for standards-support matrix if present.