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What is Cibc Bank?
CIBC stands for Canadian Imperial Bank of Commerce. It is the provider of the financial services in Canada. The bank in September 2012 completed the acquisition of Griffis and Small. It is the owner of the majority shares of the FirstCaribbean International Bank. The Corporate Knights in 2013 listed the bank among the Best 50 Corporate Citizens in Canada. The bank established the personal loan department in 1936 and became the Canada's first bank to do so. The Canadian Imperial Bank Of Commerce launched the cibc.com in 1995 and started offering the online banking services. The CIBC bank is in business since 1867. The bank was formed as a result of merging of the Imperial Bank of Canada with the Canadian Bank of Commerce. The head office of the bank is in Toronto, Ontario, Canada.
CIBC Branch Network
CIBC is organized business in Three
segments namely-Retail and Business Banking, Wholesale Banking, and Wealth Management. The company was at 172th position among the Forbes Global 2000. Moreover, Bloomberg
Markets magazine also ranked the bank 3rd among the world's strongest banks. Canadian Imperial Bank Of Commerce
has a large network of more than 1,100 branch offices and around 3,433 ATMs. According to 2013 records, the company had over 45,161 employees worldwide.
CIBC has four subsidiaries such as CIBC Retail Markets, CIBC Imperial Service, CIBC World Markets and CIBC Wood Gundy. The bank has been rewarded with the Best Consumer Internet Bank Award, Edmonton Mayor's Celebration of the Arts Award and Mutual Fund Lipper Award. CIBC provides a wide range of personal banking services including checking accounts, savings accounts, credit cards, mortgages, investments and insurance services. Apart from that, it also offers business banking services comprising of cash management, wealth management and merchant services.