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What is the relationship between Ally Financial, Ally Bank and GMAC Inc.?

April 26, 2017ally ally financial Bank GMAC relationship

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What is the relationship between Ally Financial, Ally Bank and GMAC Inc.?

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GMAC Inc. has been renamed Ally Financial Inc. The Ally brand was first introduced in May 2009 as the online bank, Ally Bank. The brand has resonated very well with customers so we are leveraging the Ally brand for the broader corporation. We will continue to use the name Ally Bank for our online bank, which now is a subsidiary of Ally Financial Inc.