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Canadian Imperial Bank of Commerce facts for kids

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Canadian Imperial Bank of Commerce
Public
Traded as tsx:CM
nyse:CM
S&P/TSX 60 component
Industry
Predecessors
  • Canadian Bank of Commerce
  • Imperial Bank of Canada
Founded June 1, 1961; 59 years ago (1961-06-01)
Headquarters ,
Canada
Key people
Brands CIBC Bank USA
Simplii Financial
Revenue
  • Increase CA$18.6 billion (2019)
  • CA$17.8 billion (2018)
  • Decrease CA$5.1 billion (2019)
  • CA$5.3 billion (2018)
Total assets
  • Increase CA$651.6 billion (2019)
  • CA$597.1 billion (2018)
Total equity
  • Increase CA$38.6 billion (2019)
  • CA$35.1 billion (2018)
Number of employees
  • Increase 45,157 (FTE, 2019)
  • 44,220 (FTE, 2018)
Subsidiaries
  • CIBC Bancorp USA Inc.
  • CIBC Investments (Cayman) Limited
  • CIBC Cayman Holdings Limited
  • CIBC Trust Corporation
  • CIBC World Markets plc
  • CIBC Asset Management Inc.

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. 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.

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