Source: rv-pro

CardWorks: Merrick Bank Merges Into Ally Financial

Canadian manufacturers said rail blockades across the country are hurting a key coAlly Financial has entered into a definitive agreement to acquire CardWorks in a transaction valued at about $2.65 billion. Cardworks is a privately held company with $4.7 billion in assets and $2.9 billion in deposits. Under the terms of the agreement, Merrick Bank, a wholly owned subsidiary of CardWorks, will merge into Ally Bank. Ally Financial has entered into a definitive agreement to acquire CardWorks in a transaction valued at about $2.65 billion. Cardworks is a privately held company with $4.7 billion in assets and $2.9 billion in deposits. Under the terms of the agreement, Merrick Bank, a wholly owned subsidiary of CardWorks, will merge into Ally Bank.

Read full article »

Top Competitors or Alternatives

Missing a competitor? Contribute!

Est. Annual Revenue
Est. Employees
Don Berman's photo - Chairman & CEO of CardWorks

Chairman & CEO

Don Berman

CEO Approval Rating

82/100

CardWorks provides non-prime credit card, consumer finance lending and compliance services for individuals and businesses. Read more