|Key People||Franklin W. Hobbs (Chairman) | Jeffrey J. Brown (CEO) | Christopher A. Halmy (CEO)|
|☎ Telephone number:||+1-877-247-2559|
|Routing number:||Learn here|
|? Number of employees:||7,900|
|Number of locations:||Completely online; more than 43,000 fee-free ATM’s from partners|
|ATM locator||Find here|
Ally Bank: Introduction
Before you will get to know more about how to complete the Ally Bank online banking login procedure, we highly recommend you to learn more about this bank. And, actually, this section of our article aims to disclose a bit of information.
Unlike many other banks, Ally Bank was founded by General Motors back in 1919 in order to provide automotive customers with financing – the headquarters of this bank tends to be Detroit not accidentally. 20 years later, this bank also entered the market of vehicle insurance. This way, the company mostly focused on continuing to serve automotive customers and did not tend to be a “normal” bank.
The changes started to happen in the middle of the 1980s when the company was restructured. Later, the company was transformed into GMAC Real Estate and, as a result, formed GMAC Bank, a branchless bank. In 2005, General Motors sold more than 50% of the bank’s shares to a private equity firm. All in all, the bank’s name was changed to Ally Bank in 2009.
As of 2018, the bank is owned by a large number of minority shareholders, including Harris Associates, The Vanguard Group, BlackRock, Franklin Templeton Investments, and JPMorgan Chase.
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