(NYSE: ALLY) announced today that it has entered into a definitive agreement to acquire CardWorks in a transaction valued at approximately $2.65 billion. 18, 2020 / PRNewswire/ - Ally Financial Inc. Enhances Ally's return profile and immediately improves revenue generating capabilitiesĬHARLOTTE, N.C., Feb. ![]() Aligns with Ally's long-term strategic objective to provide a comprehensive suite of compelling, differentiated financial services products for our customers Acquisition provides Ally instant capability and scale opportunity in credit card, including full-spectrum unsecured servicing capability, and merchant services Strong cultural fit across both firms - relentless customer-focus and ongoing commitment to stakeholders, employees and communities Experienced and cycle-tested team with deep unsecured lending expertise CardWorks, founded in 1987, is a leading non-prime credit card and consumer finance lender with a full-spectrum unsecured servicing platform and robust merchant services capability Subsidiary Financials & Other Regulatory Filings Suppliers Suppliers Overview Supplier Toolsįixed Income Shareholder Information Financial Information Corporate Governance Back to Investor Relations menu ![]() Press Room Press Room Highlights Press Releases ![]() General account questions (personal loans only)Ībout Us Our Company Social Impact Careers Investor Relations Press Room Suppliers Back to About Us menu Our Company Overview History Awards & Recognition Headquarters & Offices Back to About Us menu Social Impact Overview Economic Mobility Employee Giving Diversity & Inclusion Grants & Sponsorships Financial Education Programs Back to About Us menu Careers Careers at Ally Interns & Graduates Employee Benefits Back to
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