Ally and CardWorks Reach Agreement on Sale of Ally's Credit …
Dec 31, 2024 · Cravath, Swaine & Moore LLP served as legal advisor to CardWorks. About Ally Financial Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The ...
Ally and CardWorks Reach Agreement on Sale of Ally's Credit …
Jan 22, 2025 · CHARLOTTE, N.C. and WOODBURY, N.Y., Jan. 22, 2025 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for ...
Ally and CardWorks Reach Agreement on Sale of Ally's Credit …
Jan 22, 2025 · Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to ...
Ally and CardWorks Reach Agreement on Sale of Ally's Credit …
Jan 22, 2025 · CHARLOTTE, N.C. and WOODBURY, N.Y., Jan. 22, 2025/ PRNewswire/-- Ally Financial Inc. and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its ...
Ally Financial Announces Agreement to Acquire CardWorks
Feb 18, 2020 · Ally Financial Inc. (NYSE: ALLY) announced today that it has entered into a definitive agreement to acquire CardWorks in a transaction valued at approximately $2.65 billion. Cardworks is a...
CardWorks’s Acquisition of Ally’s Credit Card Business
On January 22, 2025, CardWorks, Inc. (“CardWorks”), a leader in credit and payments, and Ally Financial Inc. (“Ally”), a financial services company with the nation’s largest all‑digital bank and an industry‑leading auto financing business, announced that they have entered into a definitive agreement for CardWorks, and its wholly‑owned bank subsidiary, Merrick Bank, to acquire ...
Ally Financial to sell credit card business to CardWorks
Jan 22, 2025 · Anton Vierietin. Financial services company Ally Financial (NYSE:ALLY) has reached an agreement to sell its credit card business to CardWorks.The transaction is expected to close in 2025, subject ...
Consumer lender Ally Financial to sell credit card business to ...
Jan 22 (Reuters) - Consumer lender Ally Financial (ALLY.N), opens new tab has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday. Shares ...
Ally Financial Sells $2.3B Credit Card Business to CardWorks in ...
Jan 22, 2025 · Ally Financial (NYSE: ALLY) has announced a definitive agreement to sell its credit card business to CardWorks and its subsidiary Merrick Bank. The deal includes a $2.3 billion credit card portfolio with 1.3 million active cardholders as of December 31, 2024.
Ally and CardWorks Reach Agreement on Sale of Ally's Credit …
Jan 23, 2025 · Ally Financial Inc. and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business, including a portfolio of $2.3 billion in credit card receivables with 1.3 million active cardholders as of Dec. 31, 2024.