Canadian Imperial Bank of Commerce

History

Canadian Imperial Bank of Commerce (CIBC) was formed when The Canadian Bank of Commerce (established in 1867) and the Imperial Bank of Canada (established in 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 interesting details. .
CIBC has grown to be a respected name in banking industry through diversification and introduction of innovative technologies to serve its clients.

Mission

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

Scope of Operation

The divisions Canadian Imperial Bank of Commerce are:
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Personal Banking

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

Small Business Services

• Borrowing and Credit
• Investing and Wealth
• Specialty Services
• Community Commitment
• International Services
• Institutional Sites

Commercial and Corporate

• Commercial Banking
• Large Corporate
• International Services
• Institutional Sites

Key Statistics

• Assets of $237.16 billion
• Profits of $-0.03 billion in 2006
• Operations in North America and around the world, with major operations in Canada
• 37,308 employees

Organization

The organization of CIBC is controlled by:

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

International Ranking

• 529th in the world according to Forbes Magazine
• 436th in Fortune Global 500 list

Recent Acquisitions

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