# CIBC (Canadian Imperial Bank of Commerce)

> Source: https://docs.barcoder.ai/docs/wallets/cibc
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [CIBC — official](https://www.cibc.com/)

## Overview

**CIBC (Canadian Imperial Bank of Commerce)** is **Canada Big 5 bank** + **CIBC Mobile Banking App #1 in J.D. Power 2025 Canada customer satisfaction ranking** <sup>[1][1], [2][2], [Canada report](https://docs.barcoder.ai/docs/payments/CA)</sup>. **Oct 31 2024 baseline**: CIBC total assets C$1.04 trillion + deposits C$765B + loans C$559B + common shareholders' equity C$54B + 14M customers + 48,525 employees + 990+ branches; **CIBC Mobile Banking App distinctive Canadian banking app receives highest customer satisfaction ranking in Canada (J.D. Power 2025 study)**; mobile cheque deposit + Interac e-Transfer integration distinctive Canadian banking features.

**Distinctive CIBC positioning**:
- **Canada Big 5 bank** (alongside [RBC Mobile (Royal Bank of Canada)](https://docs.barcoder.ai/docs/wallets/rbc-mobile) + [TD Canada (Toronto-Dominion Bank)](https://docs.barcoder.ai/docs/wallets/td-canada) + [BMO (Bank of Montreal) Mobile Banking](https://docs.barcoder.ai/docs/wallets/bmo) + [Scotiabank (Bank of Nova Scotia)](https://docs.barcoder.ai/docs/wallets/scotiabank-ca))
- **CIBC Mobile Banking App #1 in J.D. Power 2025 Canada customer satisfaction ranking**
- **Oct 31 2024 baseline**: C$1.04T total assets + C$765B deposits + C$559B loans + C$54B common shareholders' equity + 14M customers + 48,525 employees + 990+ branches
- **CIBC US presence post-Jun 2017 PrivateBancorp $5B acquisition** (CIBC Bank USA distinctive Canadian-US banking presence)
- **Jun 1 1961 CIBC founding** via merger of The Canadian Bank of Commerce + The Imperial Bank of Canada → distinctive Canadian banking heritage (then largest Canadian banking merger)
- **2017 CIBC + PrivateBancorp $5B US acquisition** → distinctive Canadian-US banking acquisition (CIBC Bank USA formation)
- **Apr 2025 CIBC + Costco Canada credit cards partnership exclusive issuer** (post-Capital One Canada Costco card divestiture)

## History

**1867 — The Canadian Bank of Commerce founded** in Toronto (CIBC ultimate predecessor) → distinctive Canadian banking heritage.

**1875 — The Imperial Bank of Canada founded** in Toronto (CIBC second predecessor).

**Jun 1 1961 — Canadian Bank of Commerce + Imperial Bank of Canada merger → CIBC (Canadian Imperial Bank of Commerce)** → distinctive Canadian banking heritage (then largest Canadian banking merger).

**2011 — CIBC Mobile Banking app launches**.

**Jun 23 2017 — CIBC acquires PrivateBancorp for $5B** → distinctive Canadian-US banking acquisition (CIBC Bank USA formation).

**Apr 2025 — CIBC + Costco Canada credit cards partnership exclusive issuer** (post-Capital One Canada Costco card divestiture).

**Oct 31 2024 baseline**: CIBC total assets C$1.04T + deposits C$765B + loans C$559B + common shareholders' equity C$54B + 14M customers + 48,525 employees + 990+ branches <sup>[1][1], [2][2], [3][3]</sup>.

**2025 — CIBC Mobile Banking App #1 in J.D. Power 2025 Canada customer satisfaction ranking** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **Canadian Imperial Bank of Commerce (CIBC; TSX: CM; NYSE: CM)**.

**Major shareholders**: **Vanguard + BlackRock + Royal Trust + CDP + Canadian institutional + Canadian retail public float + foreign institutional**.

**Regulator**: **OSFI (Office of the Superintendent of Financial Institutions Canada)**.

## Technical integration

CIBC Mobile Banking app (iOS + Android; #1 J.D. Power 2025 Canada customer satisfaction ranking) + cibc.com online + CIBC cards (Visa + Mastercard) + CIBC 990+ Canadian + US + UK + HK + SG branch network; Interac e-Transfer + Canadian ACH (EFT); **mobile cheque deposit + Interac e-Transfer integration distinctive Canadian banking features**; **CIBC Bank USA (post-Jun 23 2017 PrivateBancorp $5B acquisition)** distinctive Canadian-US banking presence; **CIBC Wood Gundy** (private wealth management) + **Simplii Financial** (CIBC Canadian online + telephone banking subsidiary).

## Users & growth

**Oct 31 2024 baseline**: CIBC 14M customers + 48,525 employees + 990+ branches + C$1.04T total assets + C$765B deposits + C$559B loans + C$54B common shareholders' equity; **CIBC Mobile Banking App #1 in J.D. Power 2025 Canada customer satisfaction ranking**.

## Use cases

Canadian + US + UK + HK + SG retail + private + corporate + SME + investment + insurance banking via CIBC Mobile + cibc.com online + cards + branches + **mobile cheque deposit + Interac e-Transfer integration distinctive Canadian banking features**; **CIBC Bank USA (post-Jun 23 2017 PrivateBancorp $5B acquisition)** distinctive Canadian-US banking presence; **CIBC Wood Gundy** (private wealth management) + **Simplii Financial** (CIBC Canadian online + telephone banking subsidiary).

## Implementations & partners

**Operator**: Canadian Imperial Bank of Commerce (CIBC; TSX: CM; NYSE: CM); Vanguard + BlackRock + Royal Trust + CDP + Canadian institutional + Canadian retail public float + foreign institutional.

**Subsidiaries**: **CIBC Bank USA (post-Jun 23 2017 PrivateBancorp $5B acquisition)** + **Simplii Financial** (CIBC Canadian online + telephone banking subsidiary; formerly PC Financial) + **CIBC Wood Gundy** (CIBC Canadian private wealth management) + **CIBC Capital Markets** (CIBC Canadian investment banking).

**Major partnerships**: **Apr 2025 CIBC + Costco Canada credit cards partnership exclusive issuer** (post-Capital One Canada Costco card divestiture).

**Major Canadian banking competitors**: [RBC Mobile (Royal Bank of Canada)](https://docs.barcoder.ai/docs/wallets/rbc-mobile) (Canada #1 by assets) + [TD Canada (Toronto-Dominion Bank)](https://docs.barcoder.ai/docs/wallets/td-canada) (Canada #2 by assets) + [BMO (Bank of Montreal) Mobile Banking](https://docs.barcoder.ai/docs/wallets/bmo) (Canada #4 by assets) + [Scotiabank (Bank of Nova Scotia)](https://docs.barcoder.ai/docs/wallets/scotiabank-ca) (Canada #3 by assets; Latin American footprint) + [National Bank of Canada](https://docs.barcoder.ai/docs/wallets/national-bank-canada) (Canada Big-6) + [Desjardins](https://docs.barcoder.ai/docs/wallets/desjardins) (Quebec cooperative banking flagship) + Tangerine (Scotiabank Canadian online banking subsidiary; post-2012 Scotiabank ING Direct Canada $3.1B acquisition).

**Regulator**: OSFI.

## Fun facts

- **Canada Big 5 bank** (alongside [RBC Mobile (Royal Bank of Canada)](https://docs.barcoder.ai/docs/wallets/rbc-mobile) + [TD Canada (Toronto-Dominion Bank)](https://docs.barcoder.ai/docs/wallets/td-canada) + [BMO (Bank of Montreal) Mobile Banking](https://docs.barcoder.ai/docs/wallets/bmo) + [Scotiabank (Bank of Nova Scotia)](https://docs.barcoder.ai/docs/wallets/scotiabank-ca)).
- **CIBC Mobile Banking App #1 in J.D. Power 2025 Canada customer satisfaction ranking**.
- **Oct 31 2024 baseline**: C$1.04T total assets + C$765B deposits + C$559B loans + C$54B common shareholders' equity + 14M customers + 48,525 employees + 990+ branches.
- **CIBC US presence post-Jun 23 2017 PrivateBancorp $5B acquisition** (CIBC Bank USA distinctive Canadian-US banking presence).
- **Jun 1 1961 CIBC founding** via merger of The Canadian Bank of Commerce + The Imperial Bank of Canada → distinctive Canadian banking heritage (then largest Canadian banking merger).
- **Apr 2025 CIBC + Costco Canada credit cards partnership exclusive issuer** (post-Capital One Canada Costco card divestiture).

## Comparison

| Feature | CIBC | [RBC Mobile (Royal Bank of Canada)](https://docs.barcoder.ai/docs/wallets/rbc-mobile) (Canada #1 by assets rival) | [TD Canada (Toronto-Dominion Bank)](https://docs.barcoder.ai/docs/wallets/td-canada) (Canada #2 by assets rival) | [BMO (Bank of Montreal) Mobile Banking](https://docs.barcoder.ai/docs/wallets/bmo) (Canada #4 by assets rival) | [Scotiabank (Bank of Nova Scotia)](https://docs.barcoder.ai/docs/wallets/scotiabank-ca) (Canada #3 by assets rival; Latin American footprint) |
|---|---|---|---|---|---|
| Operator | **Canadian Imperial Bank of Commerce (CIBC; TSX: CM; NYSE: CM)** | Royal Bank of Canada (RBC; TSX: RY; NYSE: RY) | Toronto-Dominion Bank (TD; TSX: TD; NYSE: TD) | Bank of Montreal (BMO; TSX: BMO; NYSE: BMO) | Bank of Nova Scotia (Scotiabank; TSX: BNS; NYSE: BNS) |
| Type | **Canada Big 5 + CIBC Mobile Banking App #1 in J.D. Power 2025 Canada customer satisfaction ranking + Oct 31 2024 C\$1.04T assets + 14M customers + 990+ branches + CIBC Bank USA + Simplii Financial + CIBC Wood Gundy + Apr 2025 Costco Canada credit cards partnership exclusive issuer** | Canada #1 by assets + RBC Mobile + 17M+ Canadian clients + RBC Capital Markets | Canada #2 by assets + TD Bank US Big 5 US subsidiary + Toronto-Dominion Bank | Canada #4 by assets + BMO Harris US subsidiary + BMO Capital Markets | Canada #3 by assets + Latin American footprint + Scotiabank Latin America (Chile + Mexico + Peru + Colombia + Caribbean) |
| Country | CA + US + UK + HK + SG | CA + US + UK + 30+ countries | CA + US + UK + 4+ countries | CA + US + 4+ countries | CA + Latin America + Caribbean |
| Distinctive | **1867 Canadian Bank of Commerce founding (CIBC ultimate predecessor); 1875 Imperial Bank of Canada founding; Jun 1 1961 Canadian Bank of Commerce + Imperial Bank of Canada merger → CIBC (Canadian banking heritage; then largest Canadian banking merger); 2011 mobile app launch; Jun 23 2017 PrivateBancorp $5B acquisition; Apr 2025 Costco Canada credit cards partnership exclusive issuer** | 1864 Royal Bank of Canada founding | 1855 Toronto-Dominion Bank founding | 1817 Bank of Montreal founding (Canada's oldest bank); Bank of Montreal Canada's first official central bank | 1832 Scotiabank founding |

## Status

**Active, Canada Big 5 bank + CIBC Mobile Banking App #1 in J.D. Power 2025 Canada customer satisfaction ranking** <sup>[1][1], [2][2], [3][3]</sup>:
- **Canadian Imperial Bank of Commerce (CIBC; TSX: CM; NYSE: CM)** since 1867 Canadian Bank of Commerce founding + 1875 Imperial Bank of Canada founding + Jun 1 1961 Canadian Bank of Commerce + Imperial Bank of Canada merger → CIBC.
- **Oct 31 2024 baseline: C$1.04T total assets + C$765B deposits + 14M customers + 990+ branches**.
- **CIBC Bank USA (post-Jun 23 2017 PrivateBancorp $5B acquisition) + Apr 2025 Costco Canada credit cards partnership exclusive issuer + Simplii Financial + CIBC Wood Gundy**.
- **OSFI regulated**.

## Sources

[1]: https://www.cibc.com/en/personal-banking.html "Personal Banking and Financial Services — CIBC"
[2]: https://www.advratings.com/canada/cibc "Canadian Imperial Bank of Commerce (CIBC) — Profile & Facts — Adv Ratings"
[3]: https://www.cibc.com/en/personal-banking/ways-to-bank/mobile-services/cibc-app.html "CIBC Mobile Banking App – Rated the Top in Canada — CIBC"
[ca-cro]: https://docs.barcoder.ai/docs/payments/CA

- [1] [Personal Banking and Financial Services — CIBC][1]
- [2] [Canadian Imperial Bank of Commerce (CIBC) — Profile & Facts — Adv Ratings][2]
- [3] [CIBC Mobile Banking App – Rated the Top in Canada — CIBC][3]
- <sup>[Canada report](https://docs.barcoder.ai/docs/payments/CA)</sup> In-corpus: `reports/countries/CA-canada.md`

## Source

Biography extracted from [cibc.md](https://docs.barcoder.ai/source/wallets/cibc). See `matrix.md` for standards-support matrix if present.