South Jordan-based Merrick Bank, a wholly owned subsidiary of CardWorks Inc., has acquired the credit card portfolio and platform of Ally Financial, a Detroit-based banking institution. The credit card business moving to Merrick Bank includes $2.2 billion in credit card receivables, the bank’s credit card division team and 1.3 million active cardholders.
CardWorks is a credit and payments industry company based in Woodbury, New York.
“This acquisition is a perfect example of what CardWorks does best: finding the right opportunities and Please log in to see the rest of this story.
