Banking

Ally Bank Corporate Office

Ally Bank was originally founded in 2001 under the name GMAC Bank. It has headquarters in Midvale, Utah, and is an extension of Ally Financial, Inc. Ally has no branches, although there is a customer corporate center in Charlotte, North Carolina. All transactions are done online.

The company offers higher interest rates on typical consumer banking options, such as CD’s, money market accounts, checking and savings as the company has no brick and mortar branches to maintain. Ally Bank also offers credit cards, lines of credit, and personal loans. The company is popular with those who are more interested in competitive rates, than in visiting branches.

Ally Bank also offers mobile banking via apps that operate on both IOS (Apple) devices and Android phones.

Ally Bank

Ally Bank also offers mobile banking via apps that operate on both IOS (Apple) devices and Android phones.

History

BB&T Bank Corporate Office

BB&T Bank (which stands for Branch Banking and Trust) was founded in 1872 by Alpheus Branch and Thomas Jefferson Hadley. The original name of the bank was Branch and Hadley Merchant Bank, with the first offices located in Wilson, North Carolina. Branch eventually bought out Hadley’s interest and renamed the bank Branch and Company.

Today, BB&T is one of the largest financial services holding companies in the US. The company had revenue in 2016 of $10.3 billion and has more than $222.6 billion in assets. The company has made numerous acquisitions over the years, including 21 Citigroup branches in 2013, 19 Colonial branches later that same year, and most recently, National Penn Bancshares in April of 2016 for $1.8 billion.

Forbes listed the company as one of the best workplaces for women in June of 2018.

BB&T Bank is publicly traded on the New York Stock Exchange under the ticker symbol BBT.

BB&T Bank

Forbes listed the company as one of the best workplaces for women in June of 2018.

History

BB&T Bank is publicly traded on the New York Stock Exchange under the ticker symbol BBT.

Synchrony Bank Financial Corporate Office

Synchrony Financial, sometimes called Synchrony Bank, was founded in 2003 originally as a finance division of General Electric. The original name of the company was GE Capital Retail Finance, which offered consumer financing, credit, and loyalty programs.

Synchrony is the largest provider of private label credit cards in the US. Companies that use Synchrony for their credit cards include Amazon, CheapoAir, Walmart, Lowe’s, and Discount Tire. CareCredit, which is used for elective health care procedures, is also through Synchrony Bank. The company went public on the NYSE in 2014 and is publicly traded under the ticker symbol SYF.

Synchrony Financial has $14.28 billion in revenue in 2018 and employs 16,000 persons. The company agreed to pay $225 million in 2014 for deceptive credit card practices, mostly stemming from add-on charges during telemarketing calls. These add-ons included items such as debt cancellation agreements, for which customers were charged, but were not told that these had been added to their accounts.

In July 2020, representatives from Synchrony Bank stated that when the $600 a week payments end in July for those unemployed due to the coronavirus, credit card payments would go into default.

In September 2022, Synchrony Bank raised its interest rate to 2.05% on its premium savings plan.

Synchrony Financial maintains a corporate office in Stamford, Connecticut.

Synchrony Financial

History

In July 2020, representatives from Synchrony Bank stated that when the $600 a week payments end in July for those unemployed due to the coronavirus, credit card payments would go into default.

In September 2022, Synchrony Bank raised its interest rate to 2.05% on its premium savings plan.

Synchrony Financial maintains a corporate office in Stamford, Connecticut.

M&T Bank Corporate Office

M&T is an abbreviation of Manufacturers and Traders Trust Company.

M&T Bank was founded in New York in 1856 by Pascal Paoli Pratt and Bronson Case Rumsey.

In 1902 M&T acquired Merchants Bank of Buffalo.

Soon after, the stock market collapsed and banks around the country are liquidated. M&T Bank survived, even though deposits shrunk.

From 1945 to 1966 M&T acquired 18 banking institutions.

In 1991 Warren Buffet through a subsidiary of Berkshire Hathaway, purchased $40 million in preferred stock. He continues to own 6% of M&T Bank’s stock. The company has been profitable every quarter since the early 1970’s.

Today M&T Bank trades publicly on the New York Stock Exchange under the ticker MTB, is a member of the S&P 500, is #521 in the Fortune 1,000, has 16,331 employees and had $4.996 billion in revenue in 2015.

M&T Bank

M&T is an abbreviation of Manufacturers and Traders Trust Company.

M&T Bank was founded in New York in 1856 by Pascal Paoli Pratt and Bronson Case Rumsey.

In 1902 M&T acquired Merchants Bank of Buffalo.

History

Soon after, the stock market collapsed and banks around the country are liquidated. M&T Bank survived, even though deposits shrunk.

From 1945 to 1966 M&T acquired 18 banking institutions.

WePay Corporate Office

WePay, Inc. was founded in 2008 by Bill Clerico and Rich Aberman. Aberman found he had difficulty collecting money from friends for his brother’s bachelor’s party, and after looking at the various online payment systems available, Aberman reached out to Clerico for help. WePay was later founded in California with monetary support from Max Levchin, a cofounder of PayPal, and angel investor Ron Conway.

Originally working out of the Boston area, WePay is now located in Palo Alto, California. What started off as a small endeavor is now one of the most-used payment services online. WePay covers many different areas of payment and finance including allowing small business owners to accept credit cards and utilizing crowdfunding for those who wish to seek funding for start-ups.

In 2011, the company had 30 employees, and by mid-2015 had grown to 100 employees, with an expected growth to at least 200 employees by the end of 2016.

WePay is #62 in the 2015 Inc. 5000 list of Fastest-Growing Companies in America with a three-year growth rate of 4,354%. The company has 93 employees and had $24.9 million in revenue in 2014. WePay is #5 in the Inc. list of Top Software Companies and #5 in Top San Jose Companies.

WePay

In 2011, the company had 30 employees, and by mid-2015 had grown to 100 employees, with an expected growth to at least 200 employees by the end of 2016.