# CIBC

> CIBC, legally the Canadian Imperial Bank of Commerce, is a Toronto-headquartered North American bank serving 15 million personal, business, public-sector and institutional clients. Its four connected businesses span Canadian personal and business banking, Canadian commercial banking and wealth management, U.S. commercial banking and wealth management, and capital markets. The bank earns primarily from lending spreads, service and advisory fees, wealth-management fees, and market activities, while using its branch, advisory and digital networks to deepen client relationships across financial needs.

- **Founded:** 1867
- **Headquarters:** Toronto, Canada
- **Founders:** William McMaster (Principal founder and first president of the Canadian Bank of Commerce), Henry Stark Howland (Principal founder and first president of the Imperial Bank of Canada)
- **Team size:** Approximately 50,000 employees
- **Products:** Personal banking, Business banking, Commercial banking, Wealth management, Capital markets
- **Notable:** Opened for business as the Canadian Bank of Commerce in 1867 and became CIBC through the 1961 merger with the Imperial Bank of Canada., Introduced Canada's first 24-hour cash dispenser in 1969., Launched Canada's first banking app for the iPhone in 2010.

## Products & services

- **Personal banking** — Chequing and savings accounts, credit cards, mortgages, personal lending, investments, insurance and financial advice delivered through branches, contact centres, mobile and online banking.
- **Business banking** — Accounts, credit, payment, cash-management and advisory solutions for small businesses, including programs for skilled trades and other owner-operated firms.
- **Commercial banking** — Relationship-led lending, deposits, treasury management and specialized financing for middle-market companies, entrepreneurs and private-economy clients in Canada and the United States.
- **Wealth management** — Investment advice, brokerage, asset management, private banking, trust, estate and family-office services through brands including Wood Gundy, Investor's Edge and CIBC Private Wealth.
- **Capital markets** — Corporate banking, investment banking, research, global markets, sales and trading, underwriting and advisory services for corporate, government and institutional clients.
- **Simplii Financial** — A direct banking brand offering no-fee everyday banking products to Canadian consumers.
- **CIBC mobile and online banking** — Digital account access, payments, transfers, cheque deposits, financial insights, alerts and self-service tools; CIBC launched Canada's first banking iPhone app in 2010.
- **CIBC AI (CAI)** — An internal task-oriented generative-AI platform for research, text-based data analysis and presentation preparation, scaled across the bank with required responsible-use training.

## Achievements

- Opened for business as the Canadian Bank of Commerce in 1867 and became CIBC through the 1961 merger with the Imperial Bank of Canada.
- Introduced Canada's first 24-hour cash dispenser in 1969.
- Launched Canada's first banking app for the iPhone in 2010.
- Reached 88% digital engagement in fiscal 2025.
- Reported record fiscal 2025 revenue of C$29.1 billion and net income of C$8.5 billion.
- Ranked first for customer satisfaction in Canadian online and mobile banking in the 2025 J.D. Power study cited by CIBC.
- Won The Digital Banker's Best Gen-AI Initiative award for a second consecutive year in 2025.
- CIBC Private Banking was named Best Private Bank in Canada by Euromoney in 2026.
- CIBC Capital Markets was named Best Investment Bank in Canada by Global Finance in 2026.
- Recognized as one of Canada's Greenest Employers for a fifth consecutive year in 2026.

## Latest updates

- **2026-05** — CIBC reported fiscal Q2 revenue of C$8.006 billion, up 14% year over year, and net income of C$2.465 billion, up 23%.
- **2026-05** — CIBC agreed to sell its 91.67% interest in CIBC Caribbean to Butterfield for total consideration of approximately US$1.6 billion, subject to approvals and an expected first-half 2027 close.
- **2026-05** — CIBC said its CIBC Capital Markets unit was recognized by Global Finance as the 2026 Best Investment Bank in Canada.
- **2026-04** — CIBC was recognized as one of Canada's Greenest Employers for the fifth consecutive year.
- **2026-03** — CIBC released its 2025 Sustainability Report, including its climate report and public accountability statement.
- **2025-12** — CIBC reported fiscal 2025 revenue of C$29.1 billion, record net income of C$8.5 billion and digital engagement of 88%.
- **2025-10** — CIBC scaled its internal generative-AI platform, CAI, across the enterprise with required foundational training and governance controls.

## Links

- Website: https://www.cibc.com
- LinkedIn: https://www.linkedin.com/company/cibc
- Twitter/X: https://twitter.com/CIBC
- YouTube: https://www.youtube.com/user/CIBCVideos
- Instagram: https://www.instagram.com/cibcnow/
- Facebook: https://www.facebook.com/CIBC

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Last updated: 2026-08-11