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History
The company was founded in 1919 by General Motors Corporation as the General Motors Acceptance Corporation (GMAC) to be a provider of financing to automotive customers. Over the following years the business has expanded to include insurance, online banking, mortgage operations, and commercial finance.
On May 15, 2009, GMAC's banking unit changed its name to Ally Bank.
On May 10, 2010, GMAC Inc. announced that it re-branded itself as Ally Financial Inc.
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