DETROIT, Dec. 19, 2014 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that the U.S. Department of the Treasury has sold its remaining 54.9 million shares of Ally common stock at $23.25 per share and as a result, Ally will have exited the Troubled Asset Relief Program (TARP) upon settlement of the sale. The U.S. Treasury received $19.6 billion in total on the $17.2 billion Ally investment, which is $2.4 billion more than originally invested.

"This marks another major milestone in Ally's journey," said Ally Chief Executive Officer Michael A. Carpenter. "We are appreciative of the investment the U.S. Treasury made in Ally and their understanding of how important available financing was to the U.S. auto recovery.

"Today, Ally stands as a stronger and more focused financial services company that is dedicated to continued progress in the future," Carpenter continued.

Ally entered TARP in December 2008 as part of the effort to stabilize and strengthen the U.S. auto industry, and today is a leading auto finance provider. Since receiving the investment from the U.S. Treasury, Ally financed 7.4 million vehicles to U.S. consumers through its expansive auto dealer network, which currently stands at approximately 16,000 dealers. This represents about one in every 12 new vehicles sold to U.S. consumers during this timeframe. Additionally, Ally provided inventory financing for nearly 23 million vehicles at more than 6,500 dealers since receiving the investment from the U.S. Treasury.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering. The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a copy of the prospectus may be obtained by contacting Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, email: prospectus-ny@gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, tel: 866-718-1649, email: prospectus@morganstanley.com.

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About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Corporate Finance unit provides financing to middle-market companies across a broad range of industries.

With approximately $149.2 billion in assets as of Sept. 30, 2014, Ally operates as a financial holding company.

Contact:
Gina Proia
646-781-2692
gina.proia@ally.com

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SOURCE Ally Financial