CIBC, aka Canadian Imperial Bank of Commerce, is a Canadian banking and financial services company. CIBC headquarters are in Toronto, Ontario, and it is one of the big five banks in Canada. CIBC operates mainly in personal and business banking, commercial banking, wealth management, and capital markets segment. The company provides services in Canada, the U.S., the U.K., the Caribbean, and Asia. CIBC has more than 11 million customers and 44,000 employees all over the globe.
Canadian Imperial Bank of Commerce on Map
|HQ:||Toronto, Ontario, Canada|
|Traded:||TSX: CM and NYSE: CM|
|Industry:||Financial services and Banking|
|Brands:||CIBC Bank USA and Simplii Financial|
|Founded:||June 1, 1961|
|Subsidiaries:||CIBC Bancorp USA Inc., CIBC Investments (Cayman) Limited, CIBC Cayman Holdings Limited, CIBC Trust Corporation, CIBC World Markets plc and CIBC Asset Management Inc.|
Where is the Canadian Imperial Bank of Commerce located?
CIBC headquarters are in the Commerce Court of the Financial District of Toronto, Canada. CIBC corporate office is in Toronto and several other offices all over the world.
CIBC has telephone banking services through which a wide range of services can be availed by the customers. The company’s telephone number is given below: 1-800-465-2422
How do I contact the CIBC corporate office?
CIBC corporate office phone number is given as: 1-800-465-2255
How do I contact CIBC customer service?
CIBC customer service has multiple contact methods provided by them. A customer can call the company’s customer service at their official phone number given as: 1-800-465-2255
Another option could be to contact the company through their official page.
How do I speak to customer service at CIBC?
There are two ways to talk to the customer service at CIBC. One method involves going to the branch that you prefer and meeting the customer service to get your issue resolved. The second option could be to
How do I register for a formal complaint to CIBC?
Customers can use either file a complaint on the company’s official number given as: 1 800 465 3863
CIBC customer service is available Monday to Friday from 8 am to 8 pm. The second option can be to contact CIBC’s customer care center. The contact numbers for the customer care center is given as:
Telephone: 1 800 465-2255
Mailing address: CIBC Customer Care Centre, P.O. Box 70, Station T, Toronto, ON M6B 3Z9
The third and last option can be to contact the company’s Ombudsman. The contact numbers for this purpose are given as:
Telephone number: 1 800 308-6859 or 416 861-3313 in Toronto
Email: [email protected]
How do I contact CIBC from the U.K.?
To contact CIBC from any country other than the U.S. and Canada.
What is the Canadian Imperial Bank of Commerce, and how does it work?
Canadian Imperial Bank of Commerce is one of the largest Canadian banks which operates in personal, business, and commercial banking, wealth management, and capital markets. It provides services in Canada, the U.S., the U.K., the Caribbean, and some parts of Asia. The company has four major operational segments listed as below:
- Canadian Personal and Business Banking
- Canadian Commercial Banking and Wealth Management
- U.S. Commercial Banking and Wealth Management
- Capital Markets
In Canada, the company caters to individuals and companies by providing them with banking and financial solutions as well as financial advice. Additionally, the company provides wealth and asset management services to individuals and institutional investors through its wealth management arms.
In the U.S., the company provides somewhat similar services and caters to a similar type of customer. The capital markets branch of the company provides investment banking advisory and executions research and corporate banking solutions to their clients. These services may be used through their physical branch or through mobile channels.
Canadian Imperial Bank of Commerce History
The company had its origins in 1867 when it opened in Toronto as the Canadian Bank of Commerce. The Imperial Bank of Commerce opened separately as another bank in 1875. The company quickly opened its branches in the surroundings and gained a large customer base.
In the coming years, acquisitions led to the company being one of the largest branch networks in the country. The Canadian Bank of Commerce merged with the Imperial Bank to form a collective company that became the CIBC in the 1960s.
- Corporate activities and operations:
CIBC further introduced services such as automated telephone banking. CIBC also merged with Toronto Dominion Bank in the late 1990s. In the 2000s, the company managed to expand its banking and financial services to offshore locations, mainly in the U.S.
The company had also had many important sponsorships in sports teams, universities, and football clubs. Some of the organizations being in partnership or sponsorship with the company include Petro-Canada, University of Waterloo Stratford Campus, and Chicago Fire F.C.
CIBC is a financial and banking services company operating in most of Northern America, the U.K., the Caribbean, and some parts of Asia. The company has more than 11000 clients and about 44000 employees globally.
CIBC has four main segments of operation, which diversify its working across personal, business, commercial, and wealth management activities. The four main segments are Canadian Personal & Business Banking, Canadian Commercial Banking & Wealth Management, U.S. Commercial Banking & Wealth Management, and Capital Markets.
CIBC is a public company and is listed on Toronto Stock Exchange with the ticker symbol CM and its stock trading at about 169 CAD.
CIBC CEO and Key Executive Team
|Victor G. Dogig||President, CEO & Director|
|Michael G. Capatides||Senior Executive Vice-President and Group Head, U.S. Region; President and CEO, CIBC Bank USA|
|John P. Manley||Director, Chair of the Board, USA|
|Jack Markwalter||CEO, CIBC Private Wealth Management, USA|
|Brant Ahrens||President, Retail & Digital banking Head U.S. Strategy & Administration|
Top 5 biggest CIBC competitors or Alternative
1. Royal Bank of Canada
Royal Bank of Canada is a Canadian financial and banking services company that is headquartered in Halifax, Nova Scotia. The company serves about 16 million clients and has approximately 86000+ employees in all their branches worldwide.
The company offers services that include retail banking, corporate and investment banking, loans, credit cards, and wealth management. RBC‘s stock is listed on multiple stock exchanges, including the Toronto stock exchange and the New York stock exchange. On TSE, its stock is listed as R.Y. and is trading at CAD 141.05.
2. Bank of Montreal
Bank of Montreal is a Canadian financial services and investment banking company headquartered in Toronto, Ontario, Canada. The company serves over 7 million customers worldwide.
The company mainly offers retail and investment banking and wealth management services. The company is listed on TSE and NYSE, and on TSE, it is currently trading at CAD 146.68 with the ticker symbol BMO.
Scotiabank, aka Bank of Nova Scotia, is a Canadian financial service and banking company headquartered in Toronto, Ontario, Canada. The company caters to around 25 million countries worldwide and has more than 92000 employees in CIBC corporate offices.
The company is listed on Toronto and New York Stok Exchange. The company has a ticker symbol of BNS on TSE, and its stock is currently trading at about 91.87 CAD.
4. Capital One
Capital One is an American bank holding company that is headquartered in Capital One Tower, Mclean, Virginia. The company offers credit cards, loans, insurance, retail banking, and other main banking and financial services areas.
The company is listed on NYSE with the ticker symbol COF, and its stock is currently trading at 153.96 USD.
5. National Bank of Canada
It is one of the largest banking companies in Canada, headquartered in Montreal, Quebec, Canada. The company serves about 2.4 million clients and has branches in most of the provinces of Canada. The company is listed on TSE by ticker name N.A. with its stock currently trading at 101.64 CAD.
Is CIBC (CM) A Smart Long-Term Buy?
CIBC is a good long-term buy because of its strong financial position. The company’s earnings per share have grown steadily in the past years. Its revenues and profits are also steadily growing, which makes its stock an attractive long-term investment.
When did the Canadian Imperial Bank of Commerce go public?
The company had its IPO on Nov 21, 1997, on NYSE with its ticker symbol CM.
Does the Canadian Imperial Bank of Commerce pay dividends?
The company paid $1.61 of dividends to its shareholders in December 2021, and it currently has a dividend yield of 4%.
Who is the auditor of the Canadian Imperial Bank of Commerce?
Ernst & Young LLP is the auditor of Canadian Imperial of Commerce,
What makes CIBC unique?
CIBC’s superior services and ability to develop relationships with clients make it unique.
What is the CIBC slogan?
CIBC’s slogan is “Ambitions made real.”
How do I contact CIBC credit card customer care?
The two main contact numbers of CIBC credit card customer care are:
How do I contact CIBC Group RRSP?
The contact number for CIBC group RRSP is given as:
How do I change my mortgage payment with CIBC?
You may either call at 1-888-264-6843 or can register with CIBC online services to go to Customer Services and fill out the form to change the mortgage payment amount.
CIBC is a Canadian financial service and banking company headquartered in Toronto, Ontario. The company works in personal, business, corporate banking, and wealth management. CIBC is a public company with its stock listed on TSE and NYSE, and its stock can be a good long-term investment due to its strong financials.