Canadian Imperial Bank of Commerce (CIBC) is a Canadian financial institution headquartered in Toronto, Ontario. The bank provides a broad range of financial products and services to individuals, businesses, institutions and governments through its Canadian and U.S. operations.
CIBC’s main businesses include personal and business banking, commercial banking, wealth management, and capital markets. Its offerings include deposit accounts, mortgages, consumer and business lending, credit cards, investment and advisory services, and financial planning. Through its capital-markets operations, the bank provides investment banking, corporate banking, equity and debt markets, and research services.
CIBC traces its history to the merger of the Canadian Bank of Commerce, founded in 1867, and the Imperial Bank of Canada, founded in 1873. The two institutions combined in 1961 to form Canadian Imperial Bank of Commerce. The bank primarily serves clients in Canada and the United States, with additional international activities supporting its institutional and capital-markets businesses. Victor G. Dodig has served as CIBC’s president and chief executive officer since 2014.
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