- Business
- Canadian Imperial Bank of Commerce (CIBC) (TSX: CM; NYSE: CM) is a leading North American financial institution that provides a full range of retail, business, commercial, wealth management and capital markets products and services to personal, business, public sector and institutional clients. The bank operates through four strategic business units: Canadian Personal and Business Banking, which offers everyday banking solutions including chequing and savings accounts, mortgages, personal loans, lines of credit, credit cards and digital banking platforms; Canadian Commercial Banking and Wealth Management, which delivers lending, cash management, trade finance, investment management, mutual funds, retirement planning, private banking, estate planning and trust services; U.S. Commercial Banking and Wealth Management, which provides corporate lending, treasury management and specialized financing to mid-market companies primarily in the United States; and Capital Markets, which includes investment banking, corporate finance, sales and trading, research and global transaction services. CIBC serves approximately 14 million clients worldwide through over 1,000 branches, nearly 3,000 ATMs and digital channels across Canada, the United States, the Caribbean, Asia and the United Kingdom; the bank employs around 49,500 people and maintains its headquarters at CIBC Square in Toronto's Financial District following the 2021 relocation. Formed in 1961 through the merger of the Canadian Bank of Commerce, founded in 1867, and the Imperial Bank of Canada, founded in 1875, CIBC continues to emphasize client-centric innovation and disciplined risk management. Recent developments include the November 2025 announcement of a strategic alliance between CIBC Asset Management Inc. and Avantis Investors to launch eight new Avantis CIBC ETFs in the Canadian market; the October 2025 launch of CIBC CRTeX, an AI-enabled client personalization and engagement engine; and the disclosure of an acquisition of common shares in Trisura Group Ltd. by CIBC Asset Management Inc.