Canadian Imperial Bank of Commerce (CIBC)

The Canadian Imperial Bank of Commerce (CIBC), is one of the “Big Five” banks in Canada.

The bank is headquartered at Commerce Court in Toronto, Ontario.[3] CIBC’s Institution Number (or bank number) is 010, and its SWIFT code is CIBCCATT. It is also one of the two major banks originally founded in Toronto alongside Toronto-Dominion Bank.

The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce (founded 1867) and the Imperial Bank of Canada (founded 1873), the largest merger between chartered banks in Canadian history.

The bank has four strategic business units: Canadian Personal and Small Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets.

It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.

Traded as:           TSX: CM;     NYSE: CM;    S&P/TSX 60 component

Industry:              Financial services;     Banking

Predecessors:   Canadian Bank of Commerce;     Imperial Bank of Canada

Founded:            June 1, 1961; 59 years ago

Headquarters:   Toronto, Ontario, Canada

Subsidiaries:      

    CIBC Bancorp USA Inc.

    CIBC Investments (Cayman) Limited

    CIBC Cayman Holdings Limited

    CIBC Trust Corporation

    CIBC World Markets plc

    CIBC Asset Management Inc.

Website:              www.cibc.com

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