Canadian Imperial Bank of Commerce

History

Canadian Imperial Bank of Commerce (CIBC) was formed when The Canadian Bank of Commerce (established 1867) and the Imperial Bank of Canada (established 1875) merged on June 1, 1961. This was the largest merger of two chartered banks in the history of Canada. CIBC’s history spans nearly two centuries and is full of adventure and enterprise. Through diversification of its business and introduction of innovative technologies to serve its clients, CIBC has grown to be a reputed name in banking industry.

Mission

The mission of Canadian Imperial Bank of Commerce is to help their clients, employees, and shareholders achieve what matters to them.

Area of Operation

The businesses of Canadian Imperial Bank of Commerce are: Personal Banking:

• Everyday Banking
• Borrowing
• Investing
• Wealth Services
• Insurance

Business Services:

1. Small Business:
   • Day-to-Day Banking
   • Borrowing and Credit
   • Investing & Wealth
   • Specialty Services
   • Community Commitment
   • International Services
   • Institutional Sites
2. Commercial and Corporate:
   • Commercial Banking
   • Large Corporate
   • International Services
   • Institutional Sites

Key Statistics

• Canadian Imperial Bank of Commerce holds assets of $237.16 billion.
• Canadian Imperial Bank of Commerce has made profits of $-0.03 billion in 2006.
• Canadian Imperial Bank of Commerce operates in North America and around the world, with major operations in Canada.
• Canadian Imperial Bank of Commerce has 37,308 employees.

Organization

The organization of CIBC is controlled by:

• Board of Directors
• Board Committees
• Management Team
• Executive Team

International Ranking

• Canadian Imperial Bank of Commerce ranks 529 in the world according to Forbes Magazine list.
• Canadian Imperial Bank of Commerce ranks 436 in Fortune Global 500 list.

Recent Acquisition

CIBC acquired a majority interest in Wood Gundy Inc., one of Canada's leading securities dealers and the foremost Canadian dealer internationally in 1988.

Headquarter Address

Commerce Court
Toronto, Ontario M5L 1A2
Canada
Phone: 416-980-2211
Website URL : www.cibc.com

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