Canadian Imperial Bank of Commerce (CIBC)
The Canadian Imperial Bank of Commerce, commonly known as CIBC, is the fifth largest chartered bank in Canada. It was created through the 1961 merger of two Ontario-based banks, the Canadian Bank of Commerce and the Imperial Bank of Canada — the largest merger of two chartered banks in Canada’s history. Today, CIBC operates its business in Canada and abroad through three divisions: retail and business banking, wealth management, and capital markets. CIBC is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol CM. In 2019, CIBC registered $18.6 billion in revenue and $5.1 billion in profit and held $651.6 billion in assets. The bank employs approximately 45,000 people, who serve 10 million customers.