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Ally Bank has an ally in GMAC. Formerly known as GMAC Bank, Ally Bank offers savings and money market accounts, as well as traditional and no-penalty CDs. Unlike standard banks, Ally does not offer loans or checking accounts (but its money market accounts have withdrawal features that are similar to checking accounts). The bank offers its services online; it operates no physical branch locations. As a subsidiary of GMAC (which is now partially owned by the US government), the bank was revamped and renamed in 2009 in the midst of GM's very public financial difficulties. Predecessor GMAC Bank had been in operation since 2001.
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Address: |
6985 Union Park Center
Midvale, UT 84047
| | Phone: | 801-790-5000 | | Fax: | |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 1995.70 M | | Employees (2008): | 42 |
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Key People
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President and CEO:
Mark B. Hales
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Corporate Treasurer, GMAC Financial Services:
Jeffrey J. Brown
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Chief Marketing Officer, GMAC Financial Services:
Sanjay Gupta
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