Business
Ally Bank Earns Fourth Consecutive 'Outstanding' CRA Rating
Ally Bank, the nation's largest all-digital bank with an industry-leading auto financing business, announced today that it has received an "Outstanding" rating on its most recent Community Reinvestment Act (CRA) performance evaluation by the Federal Reserve Board. Since 2017 Ally Bank has earned the highest possible rating four consecutive times. This distinction places Ally among the top 15% of U.S. financial institutions evaluated under the CRA.
About this update from Ally Financial Inc.
[{"type":"text","content":"Federal Reserve recognition highlights deep, long-term commitment to community investment","length":89,"tagName":"p"},{"type":"text","content":"SALT LAKE CITY, Aug. 18, 2025 /PRNewswire/ -- Ally Bank, the nation's largest all-digital bank with an industry-leading auto financing business, announced today that it has received an "Outstanding" rating on its most recent Community Reinvestment Act (CRA) performance evaluation by the Federal Reserve Board. Since 2017 Ally Bank has earned the highest possible rating four consecutive times. This distinction places Ally among the top 15% of U.S. financial institutions evaluated under the CRA.","length":536,"tagName":"p"},{"type":"image","alt":"Ally Financial (PRNewsfoto/Ally Financial)","displaySize":"","headline":null,"caption":"Ally Financial (PRNewsfoto/Ally Financial)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":233,"url":"https://media.zenfs.com/en/prnewswire.com/8ba376f604a1ff81daebbc44f49879c4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Mi7ys_QQYKzNvAjCSUDrFQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8ba376f604a1ff81daebbc44f49879c4","width":400,"height":233}},"href":"https://mma.prnewswire.com/media/1743708/Ally_Financial_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Ally's fourth consecutive 'Outstanding' CRA rating reflects that doing right by our communities is foundational to our long-term business success," said Ally chief legal and corporate affairs officer, Hope Mehlman. "This rating is a testament to the strength of our CRA program and the passion our teams bring to serving their communities."","length":378,"tagName":"p"},{"type":"text","content":"As part of the most recent exam period (2023-2024), Ally delivered on its community reinvestment mission through $2.68 billion of community development loans and investments, including:","length":185,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$1.7 billion in community development investments, including $1.47 billion supporting affordable housing","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"$734.4 million in community development loans, including $138 million supporting economi...