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Ally Bank

For information concerning Ally Bank online bank, please click here.

Ally Bank ACH Number: 124003116

Ally Bank is an FDIC insured institution headquartered at 200 W Civic Center Dr, Sandy, UT 84070.
It was founded in 2004 and has approximately $187 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - November 28, 2023

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57803
Date Established 2004
Assets $ 187.35 billion
Loans $ 134.71 billion
Deposits $ 158.82 billion
Capital $ 13.96 billion

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 9.67 billion
Interest-bearing balances $ 9.27 billion
Total securities $ 25.58 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 134.71 billion
Loan loss allowance $ 3.80 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.00 million
Goodwill and other intangibles $ 728.00 million
All other assets $ 16.47 billion
     Total Assets $ 173.39 billion

LIABILITIES
Total deposits $ 158.82 billion
      Interest-bearing deposits $ 158.53 billion
      Deposits held in domestic offices $ 158.82 billion
      % insured (estimated) 90.20%
Federal funds purchased and repurchase agreements $ 993.00 million
Trading liabilities N.A.
Other borrowed funds $ 15.63 billion
Subordinated debt N.A.
All other liabilities $ 2.98 billionn
      Total Liabilities $ 173.39 billion
      Shareholders’ Equity $ 13.96 billion

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 6.07 billion
Total Interest Expense $ 2.85 billion
Net interest income $ 3.22 billion
Provision for loan and lease losses $ 874.00 million
Total non interest income $ 1,307.00 million
Total non interest expense $ 2.32 billion
Pre-tax Net Operating Income $ 2.27 billion

Customer Reviews for Ally Bank (2)

Rated 3.50 stars out of 5 - based on 2 reviews

  • Hard to imagine how Ally got to be so bad, but 1 hour to speak with anyone on the phone is just not good business. It however is slightly better than my other bank which is CIT which hangs up on me.

  • Ally is so great and well run in everything that they do. I had thought about moving my account to a bank with a higher rate. If I could get another 1/10th of 1% on my account with $250,000, that would be another $250 annually. Then I look at this site and realized it really is not worth risking having problems with a bank that I have never heard of and that could easily lower their rate tomorrow.

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