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Ally Bank, History

The following are major historical events for Ally Bank, including mergers and acquisitions.

2004-08-02Institution established: Original name:GMAC Automotive Bank
2006-11-22Changed name to GMAC Bank
2006-11-22Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
2009-05-11Changed name to Ally Bank
2009-10-01Changed organization type to COMMERCIAL BANK
2016-03-21Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2016-03-21Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2017-09-11Moved bank headquarters from MIDVALE, UT to SANDY, UT