✅ Ally Bank ABA Routing Number - Where Is It? 🔴
4Ally Bank ABA Routing Number - Where Is It?
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About this product:
Ally Bank ABA Routing Number - Where Is It?
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgages, credit cards, and an electronic trading platform to trade financial 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,[2] and serves over 6 million customers.[1] Via its SmartAuction online marketplace for auto auctions, launched in 2000, the company has sold more than 5 million vehicles including 281,000 vehicles sold in 2018.[1]
The company was known as GMAC, an acronym for General Motors Acceptance Corporation, until 2010.
The company was founded in 1919 by General Motors (GM) as the General Motors Acceptance Corporation (GMAC) to provide financing to automotive customers. In 1939, the company founded Motors Insurance Corporation and entered the vehicle insurance market.[4]
In 1985, while GM was under the leadership of Roger Smith, who sought to diversify the company, GMAC formed GMAC Mortgage and acquired Colonial Mortgage as well as the servicing arm of Norwest Mortgage, which included an $11 billion mortgage portfolio.
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.
In 1998, the company formed GMAC Real Estate.[4] In 1999, GMAC Mortgage acquired Ditech.In 2000, the company formed GMAC Bank, a direct bank.[4] In 2005, the company formed GMAC ResCap as a holding company for its mortgage operations.[4]
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