Name: Canadian Imperial Bank of Commerce (CIBC)
Products: Personal and commercial banking, wealth management, insurance
Headquartered In: Toronto, Ontario
Where to Buy: Online or at over 1,000+ branches across Canada
Website: cibc.com
Canadian Owned: Publicly traded on TSX
The Canadian Imperial Bank of Commerce was formed when two old Canadian financial institutions, Canadian Bank of Commerce (1867) and the Imperial Bank of Canada (1875) merged in 1961. Today, CIBC has its headquarters in Toronto, Ontario, similarly to many other major financial institutions in Canada.
CIBC is one of the leading banks in Canada and offers both personal and business banking services. Its wide product portfolio includes a range of account options for both individual and business customers, credit cards, loans, wealth management and investment options. CIBC is known for its customer service, both online and through its digital platforms, and it is publicly traded on both Toronto and New York stock exchanges.