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, LS1565896, MA Third Party Loan Servicer Registration. We will leverage these strengths as we grow and diversify our company moving forward. 3, 212403, Ally Servicing LLC, 500 Woodward Ave. Our industry-leading businesses and robust capital and liquidity positions will enable us to continue serving as a source of strength during these uncertain times for all of our customers. The shares of Ally Financial Inc (NYSE:ALLY) are up 13 at 20.69 at last check, after. “Ally’s long-term strategic priorities remain intact, rooted in a relentless focus on our customers. Ally Financial and CardWorks agreed to cancel Ally's proposed acquisition. Cardworks is a privately held company with 4.7 billion in assets and 2.9 billion in deposits 1. (NYSE: ALLY) announced today that it has entered into a definitive agreement to acquire CardWorks in a transaction valued at approximately 2.65 billion. I want to express my deep appreciation for the considerable efforts and incredible commitment demonstrated by Ally and CardWorks employees. 18, 2020 / PRNewswire / - Ally Financial Inc. “This was a difficult decision to make following a long process to bring two strong companies together. (NYSE: ALLY) today announced that the companies have mutually agreed to terminate their merger agreement, previously.
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“Given the unprecedented economic and market conditions resulting from the COVID-19 global pandemic, Don Berman and I, along with our boards of directors, believe it is in the best interests of our customers and stakeholders to terminate the agreement,” Jeffrey J. Neither party will incur any termination or break-up fees as a result of the mutual decision to terminate the merger agreement. The board of directors for each company approved the termination after carefully considering the meaningful impacts of COVID-19 on global markets and the economy. Ally Financial and Cardholder Management Services ( CardWorks) mutually agreed to terminate their merger agreement, which was announced on Feb. Auto lender Ally Financial on Tuesday agreed to acquire privately held CardWorks for 2.65 billion as it looks to diversify its consumer product offerings, supported by a growing and low-cost.