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Our CIBC Commercial Banking team creates end-to-end financial solutions to support your business’ financial needs at every stage of your company’s growth. We help companies finance growth, manage cash flow, increase efficiency and mitigate risk.
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- Cash Management Services
CIBC offers a full range of cash management services to meet your unique business needs. Our solutions are designed to help optimize your cash flow position and contribute to the effective management of your business's day-to-day operations.
The Canadian Imperial Bank of Commerce (CIBC; French: Banque canadienne impériale de commerce) is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. [3]
- Early History
- First World War
- Interwar Years
- Mid-20Th Century
- Late 20th Century – Early 2000s
- Current Operations
Of the two banks that eventually merged to form CIBC, the Canadian Bank of Commerce was created first, formed by businessman and philanthropist William McMaster in 1867. After taking over the troubled Gore Bank in 1869 (based in Hamilton, Ontario), it became the largest bank based in Ontario with 24 branches by 1874. This included its Montreal bran...
The First World War had a particular impact on the Canadian Bank of Commerce. Through his various financial entities — including the Canadian Bank of Commerce — bank president George Cox had financed the aggressive expansion of the Canadian Northern Railway by issuing bonds. The outbreak of war negatively impacted the rail industry in Canada and th...
Post-war, industrial growthin Canada ensured both banks would prosper. The Canadian Bank of Commerce maintained a strategy of growing by acquisition when it bought the most successful private bank in Canada at the time, Alloway and Champion Bank of Winnipeg, in 1919. It then purchased the Bank of Hamilton and its 145 branches in 1924, followed by t...
Both the Canadian Bank of Commerce and the Imperial bank of Canada participated in the government financing of the Second World War by selling Victory Bondsto their customers. As Canada’s economy recovered after the war, both banks resumed growing. This growth slowed for all banks in the 1950s because of increasing competition from other financial ...
In 1987, the federal and Ontario governments amended their legislation to allow banks to take ownership positions in stock brokerage firms (see Stock and Bond Markets). CIBC responded to this change by buying a 65 per cent stake in one of Canada’s oldest and largest stock brokerage firms, Wood Gundy(established in 1905) in June 1988 for $190 millio...
As the bank stabilized, it looked to other stable business areas to grow. In 2010, CIBC acquired New York based Citigroup’s Canadian MasterCard credit cardportfolio for $2.1 billion. In 2011, the bank acquired a 41 per cent interest in US-based asset management company American Century Investments and its US$112 billion under management. However, C...
Access your account anywhere, anytime. Manage your accounts with ease, wherever you are. With CIBC digital banking, you can download reports, manage transactions, remotely deposit checks and more, all from your computer or mobile device. Sign on.
Sep 22, 2021 · CIBC's purpose will feature prominently in its new branding, which includes a bold and modern new logo that signifies the bank's relationship with clients and the transformative role the bank plays in helping clients achieve their ambitions.
Access to CIBC digital business services: SmartBanking™ for Business; Cash Management Online® (CMO) File Transfer Service (FTS)
