Main Page | See live article | Alphabetical index CIBC is one of Canada's major banks. Formerly, Canadian Imperial Bank of Commerce. It is also active in many other countries of the world, with major presence in the United States, the Caribbean, and the United Kingdom. It is currently Canada's third 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. Today CIBC is one of Canada's Big Six banks. Canadian Imperial Bank of Commerce Official Website: http://www.cibc.com This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.