Ally Financial

GMACAllyGeneral Motors Acceptance CorporationGMAC Inc.Ally BankGMAC Financial ServicesGMAC Financing Ally Financial Inc.Ally Financial Inc
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.wikipedia
189 Related Articles

List of largest banks in the United States

largest banks in the United Stateslargest bank in the United States8th largest bank in the United States by total assets
Ally is ranked 19th on the list of largest banks in the United States by assets, is the largest car finance company in the U.S. by volume, and serves over 6 million customers.

Detroit

Detroit, MichiganDetroit, MICity of Detroit
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.
The most significant companies based in Detroit include General Motors, Quicken Loans, Ally Financial, Compuware, Shinola, American Axle, Little Caesars, DTE Energy, Lowe Campbell Ewald, Blue Cross Blue Shield of Michigan, and Rossetti Architects.

John McNamara (fraudster)

John M. McNamaraJohn McNamara
In 1991, the company was forced to write-off $275 million in bad debt as part of a $436 million loss suffered from fraud committed by John McNamara, who ran a Ponzi scheme.
McNamara was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.

Ditech

Ditech.com
In 1999, GMAC Mortgage acquired Ditech.
In 1999, DiTech was acquired by GMAC (now Ally Financial), then owned by General Motors.

Nuvell Financial Services

In January 2009, the company shut down Nuvell Financial Services, its subprime lending division.
Nuvell Financial Services was a subsidiary of GMAC (now Ally Financial) that originated subprime auto loans.

Bank holding company

bank holding companiesholding companybank holding
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.
As a result of the global financial crisis of 2008, many traditional investment banks and finance corporations such as Goldman Sachs, Morgan Stanley, American Express, CIT Group and GMAC (now Ally Financial) successfully converted to bank holding companies in order to gain access to liquidity and funding.

GMAC ResCap

Residential CapitalGMACGMAC Mortgage
In 2005, the company formed GMAC ResCap as a holding company for its mortgage operations.
In 2005, GMAC (now Ally Financial), a subsidiary of General Motors, transferred ownership of GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to Residential Capital Corporation (ResCap) and contributed $2 billion of equity.

GMAC Real Estate

Better Homes and Gardens Real Estate Service
In 1998, the company formed GMAC Real Estate.
GMAC Real Estate was founded in 1998, when GMAC (now Ally Financial) bought the Better Homes and Gardens Real Estate brand from Meredith Corporation.

Royal Bank of Canada

RBCRoyal BankRBC Royal Bank
In 2012, the company sold its Canadian banking operations to Royal Bank of Canada for $3.8 billion.
In 2013, RBC completed the acquisition of the Canadian subsidiary of Ally Financial.

Time Magazine Quality Dealer Award

The company sponsors the Miami International Auto Show and the Time Magazine Quality Dealer Award.
The Time Magazine Quality Dealer Award (TMQDA) is an annual Time Magazine-sponsored award, in partnership with Ally Financial, honoring new-car dealers in America who exhibit exceptional performance in their dealerships and perform distinguished community service.

Hendrick Motorsports

HendrickAll-Star Racing24
In 2019, Ally became the primary sponsor for seven-time NASCAR Cup Series champion Jimmie Johnson at Hendrick Motorsports.
48 Ally Financial for Jimmie Johnson, and the No.

440 South Church

In 2017, Ally signed a lease for 400,000 square feet at the Ally Charlotte Center in Charlotte, North Carolina, scheduled to be completed in 2021, and will move its offices from 440 South Church.
Major tenants are Ally Financial and HDR.

Brian Vickers

As GMAC, the company previously had primary sponsorships with Hendrick Motorsports from 1998 through 2007 with drivers Jack Sprague, Ricky Hendrick, Brian Vickers and Casey Mears, including Vickers' 2003 NASCAR Busch Series championship victory.
5 GMAC-sponsored Chevrolet owned by Hendrick Motorsports.

Casey Mears

Casey
As GMAC, the company previously had primary sponsorships with Hendrick Motorsports from 1998 through 2007 with drivers Jack Sprague, Ricky Hendrick, Brian Vickers and Casey Mears, including Vickers' 2003 NASCAR Busch Series championship victory.
25 Hendrick Chevrolet, with co-primary sponsorship from the National Guard of the United States and GMAC.

Jack Sprague

Sprague
As GMAC, the company previously had primary sponsorships with Hendrick Motorsports from 1998 through 2007 with drivers Jack Sprague, Ricky Hendrick, Brian Vickers and Casey Mears, including Vickers' 2003 NASCAR Busch Series championship victory.
After a one-race deal with Big Daddy's BBQ Sauce at Portland Speedway, Sprague won The No Fear Challenge in his debut for sponsor GMAC, allowing them to join full-time as sponsor.

Jimmie Johnson

(Jimmie) Johnson
In 2019, Ally became the primary sponsor for seven-time NASCAR Cup Series champion Jimmie Johnson at Hendrick Motorsports.
On October 28, 2018, Hendrick Motorsports announced that Ally Financial signed a two-year deal to sponsor the No.

Russell 1000 Index

Russell 1000 ComponentRussell 1000Russell 1000 Components

Ally Charlotte Center

In 2017, Ally signed a lease for 400,000 square feet at the Ally Charlotte Center in Charlotte, North Carolina, scheduled to be completed in 2021, and will move its offices from 440 South Church.
Ally Financial leased 400,000 square feet of space in the building and plans to relocate all Charlotte based employees to the new building from 440 South Church upon completion in 2021.

Ally Detroit Center

One Detroit Center
In 2015, it moved its headquarters to One Detroit Center, which was subsequently renamed Ally Detroit Center.
In March 2015, following the purchase of the building by Dan Gilbert, and Bedrock Real Estate Services, it was announced that Ally Financial will move its main office into the building from the nearby Renaissance Center as well as move all employees in suburban Detroit to the building, occupying 20 floors.

Delaware

DEState of DelawareGeography of Delaware
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.

Car finance

auto loancar loancar loans
Ally is ranked 19th on the list of largest banks in the United States by assets, is the largest car finance company in the U.S. by volume, and serves over 6 million customers. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.

Online banking

internet bankinge-bankingelectronic banking
The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.

Direct bank

branchless bankingonline bankvirtual bank
The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.

Vehicle insurance

auto insuranceautomobile insuranceinsurance
The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.

Mortgage loan

mortgagemortgagesmortgage loans
The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.