Ally Bank

Ally Bank is an online financial institution that was established on August 2, 2004, originally named GMAC Automotive Bank. Over the years, the bank underwent several name changes and structural adjustments. On November 22, 2006, it became known as GMAC Bank, and then on May 11, 2009, it adopted its current name, Ally Bank. In conjunction with its name change, the bank transitioned to a commercial banking organization on the same day. By March 21, 2016, Ally Bank became a member of the Federal Reserve System and changed its primary federal regulatory agency to the Federal Reserve, as well as transitioning to a state-chartered bank. The main office of Ally Bank was relocated to 6985 Union Park Center, Suite 435, Midvale, Utah, on October 1, 2009, and later moved again on September 11, 2017, to 200 West Civic Centre Drive, Sandy, Utah. Throughout its development, Ally Bank has focused on providing online banking services without traditional branch locations, emphasizing customer accessibility and convenience.

Below is a list of some important events in bank's history, including mergers and acquisitions.

09-11-2017Main Office moved to 200 West Civic Centre Drive, Sandy, UT 84070.

03-21-2016Changed Primary Federal Regulatory Agency to FED.

03-21-2016Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

03-21-2016Institution becomes member of the Federal Reserve System.

10-01-2009Main Office moved to 6985 Union Park Center Suite 435, Midvale, UT 84047.