Canadian Imperial Bank of Commerce Investor Relations Material

The Canadian Imperial Bank of Commerce (CIBC), part of the 'Big Five' banks in Canada, is a financial institution that offers a comprehensive range of banking and financial services. With a rich history dating back to the mid-19th century, CIBC has firmly established itself as a cornerstone of the Canadian financial landscape and has expanded its operations internationally.

CIBC traces its roots back to 1867 when the Canadian Bank of Commerce was founded. The Imperial Bank of Canada was later established in 1875. These two financial institutions operated independently for nearly a century before they amalgamated in 1961 to form the Canadian Imperial Bank of Commerce. The bank's merger was one of the largest in Canada's history and laid the foundation for CIBC's continued growth and evolution into the bank they are today..

Today, CIBC operates as one of Canada's largest banks and serves more than 10 million customers around the globe. It has a robust network of more than 1,000 banking centers and over 3,000 ATMs across Canada. CIBC offers a broad array of financial products and services that include personal and business banking, wealth management, and capital markets. It operates primarily under four strategic business units: Canadian Personal and Small Business Banking, Commercial Banking, Wealth Management, and Capital Markets.

While CIBC's operations are deeply rooted in Canada, the bank has also expanded its services to other parts of the world. CIBC has a strong presence in the United States, the Caribbean, Asia, and the United Kingdom, serving a wide range of clients from individual customers to large corporations. In particular, CIBC's acquisition of PrivateBancorp in 2017 marked a significant step in expanding its footprint in the US, providing new opportunities to offer cross-border financial services. This expansion also means that they now compete for market share with large international banks such as Citi, Capital One, and many others.