CIBC

CIBC is one of Canada's major banks. Its legal name is the Canadian Imperial Bank of Commerce, though it uses the CIBC acronym in most public dealings. With its headquarters in Toronto, Ontario, it is active worldwide with a major presence in the United States, the Caribbean, and the United Kingdom.

It is currently Canada's second largest bank after the Royal Bank of Canada.

CIBC has three branches: CIBC Retail Markets, CIBC Wealth Management, and CIBC World Markets.

In 1867 the Canadian Bank of Commerce opened in Toronto. Imperial Bank of Canada opened a few years later in 1875, also in Toronto. In 1961 the two banks merged to form the Canadian Imperial Bank of Commerce. In 1988 CIBC moved into the investment market by puchasing Wood Gundy Inc. In 1997 it moved to do the same in the United States by purchasing Oppenheimer & Co., Inc..

Along with Loblaws, CIBC helps operate President's Choice Financial started in 1996.

CIBC is currently one of Canada's Big Six banks.