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No one-trick pony: How Ally got to $100b in deposits

Bank Innovation

But Detroit-based Ally, which has no branches, was the one of the earliest digital-only banking players, rolling out a product suite a decade ago when it rebranded from General Motors Acceptance Corporation. With the rise of digital-only challenger banks, it’s easy to overlook Ally Bank. Since then, Ally has acquired more than 1.9

Detroit 210
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Ally keeps its ‘head down’ after CardWorks deal falls through

BankInovation

The Detroit, Mich.-based Ally Financial is reigning in its appetite for new business growth, a pivot that has prompted a mutual termination of its pending CardWorks acquisition as it retreats to focus on its existing business lines, CEO Jeffrey Brown said on the company’s second-quarter earnings call today. based Ally, which has $182.5

Detroit 64