Ally To Sell Credit Card Portfolio To CardWorks/Merrick Bank

Ally and CardWorks, Inc (and its wholly-owned bank subsidiary, Merrick Bank) have entered into a definitive agreement to for CardWorks to acquire Ally’s credit card portfolio that includes a total of 1.3 million active cardholders and $2.3 billion in credit card receivables. The deal is expected to close in 2025.

Subscribe
Notify of
guest
The comment form collects your name, email and content to allow us keep track of the comments placed on the website.

14 Comments
newest
oldest most voted