ALLY BANK, FORMERLY KNOWN AS GMAC BANK AND GMAC AUTOMOTIVE BANK, WAS ESTABLISHED IN 2004 TO ACQUIRE AND HOLD AUTOMOTIVE RETAIL AND LEASE ASSETS, AUTOMOTIVE COMMERCIAL ASSETS AND DEPOSITS. THIS ENTITY PURCHASES RETAIL INSTALMENT SALE CONTRACTS AND LEASES FROM AUTO DEALERS, ORIGINATES DEALER LOANS, AND MAKES WHOLESALE FLOORPLAN LOANS TO DEALERS. IN ADDITION, THIS ENTITY HOUSES DEPOSIT PRODUCTS AND DEPOSIT OPERATIONS, CORPORATE FINANCE, MORTGAGE ORIGINATION AND MORTGAGE ACQUISITION, AND PROMOTES CONSUMER CREDIT CARDS THROUGH A RELATIONSHIP WITH TD BANK. ALLY BANK'S HOME OFFICE IS LOCATED IN SANDY, UT. SENIOR MANAGEMENT OF ALLY BANK SIT PRIMARILY IN CHARLOTTE, NC AND DETROIT, MI. THE BANK?S DEPOSIT OPERATIONS ARE HOUSED PRIMARILY IN THE ADMINISTRATIVE OFFICE LOCATED IN FORT WASHINGTON, PA. IB FINANCE HOLDING COMPANY, LLC IS THE SOLE SHAREHOLDER OF ALLY BANK. EFFECTIVE DECEMBER 24, 2008 BY ORDER OF THE UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS, THE BANK CONVERTED FROM A UTAH-CHARTERED INDUSTRIAL BANK TO A UTAH-CHARTERED COMMERCIAL BANK. EFFECTIVE MAY 15, 2009, GMAC BANK CHANGED ITS NAME TO ALLY BANK. IN MARCH 2016, ALLY BANK BECAME A STATE MEMBER BANK OF THE FEDERAL RESERVE SYSTEM THROUGH THE FEDERAL RESERVE BANK OF CHICAGO.
Agent Name
C T CORPORATION SYSTEM
Agent Address
900 FORT STREET MALL, SUITE 1680, HONOLULU, Hawaii, 96813
