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Ally Financial (the US parent) used to be General Motors Acceptance Corp (GMAC), the auto-financing arm of GM. GM sold 51% of GMAC in 2006 to raise cash. and with the big bailouts diluting equity I think it's remaining stake is something like 7%. GMAC was never a deposit-taking institution - it only became a bank holding company in 2009 to be eligible for TARP money.

Ally Canada is part of ResMor Trust (which is owned by Ally Financial). It was bought it 2007 (after GM sold it's majority stake in GMAC), so GM the car company never technically owned Ally Canada!

ResMor is selling off its Canadian mortgage business to concentrate on auto financing (and the Ally banking). I think the intention was to rename ResMor as "Ally Bank Canada" or something, but if it is going to be sold new branding may be needed eventually.