Company type | Public |
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tsx:CM nyse:CM S&P/TSX 60 component | |
Industry | |
Predecessors | |
Founded | June 1, 1961[1][2][3][4][a] |
Headquarters | , Canada |
Key people | |
Brands | CIBC Bank USA Simplii Financial |
Revenue | |
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Total assets |
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Total equity |
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Number of employees |
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Subsidiaries | |
Website | 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.[3][6]
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.[5] 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.[7]
On June 1, 1961, the Canadian Imperial Bank of Commerce was formed through the merger of The Canadian Bank of Commerce and the Imperial Bank of Canada.
Canadian Imperial Bank of Commerce was founded on June 1, 1961 and is headquartered in Toronto, Canada.
It was created through the 1961 merger of two Ontario-based banks, the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger of two chartered banks in Canada's history.
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