Ally Bank is a unit of Ally Financial.
It became a bank holding company in December 2008.
GMAC's banking unit officially changed its name to Ally Bank in 2009.
The bank is headquartered in Midvale, Utah.
In 2004 they opened two locations in USA.
The locations are one in Utah and one in Pennsylvania.
It has 616 employees.
They gave the name Ally to it because it stands for trust.
The other location is at North Carolina.
It was founded in 2001.
It was founded by Michael Carpenter.
He has a quote that said, "I'm not saying it's going to grow at the rate it has grown in recent times. But it's a central part of the activities of GMAC."
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