For information concerning Canadian Imperial Bank USA online bank, please click here.
CIBC Bank USA is an FDIC insured institution headquartered at
120 S La Salle St, Chicago, IL 60603.
It was founded in
1991 and has approximately $56 billion in
assets. Customers can open an account at one of its 29 branches.
Apply in 5 minutes, get your money in as fast as 5 days.
Digital application experience.
Funds directly to your bank account.
No in-person appraisal needed.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 33306
Date Established
1991
Assets
$ 55.87 billion
Loans
$ 34.59 billion
Deposits
$ 43.79 billion
Capital
$ 9.65 billion
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 8.77 billion
Interest-bearing balances
$ 8.44 billion
Total securities
$ 8.28 billion
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 34.59 billion
Loan loss allowance
$ 512.51 million
Trading account assets
$ 3.08 million
Bank premises and fixed assets
N.A.
Other real estate owned
$ 3.33 million
Goodwill and other intangibles
$ 2.83 billion
All other assets
$ 740.15 million
Total Assets
$ 46.23 billion
LIABILITIES
Total deposits
$ 43.79 billion
Interest-bearing deposits
$ 34.21 billion
Deposits held in domestic offices
$ 43.79 billion
% insured (estimated)
36.25%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
$ 17.30 million
Other borrowed funds
$ 1,140.91 million
Subordinated debt
N.A.
All other liabilities
$ 445.45 millionn
Total Liabilities
$ 46.23 billion
Shareholders’ Equity
$ 9.65 billion
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 1,690.09 million
Total Interest Expense
$ 843.29 million
Net interest income
$ 846.80 million
Provision for loan and lease losses
$ 66.80 million
Total non interest income
$ 139.97 million
Total non interest expense
$ 316.49 million
Pre-tax Net Operating Income
$ 325.67 million
Customer Reviews for CIBC Bank USA (4)
Rated 4.25 stars out of 5 - based on 4 reviews
Wesley
May 30, 2023 |
Thank you to this site for showing this CD rate. I could not find it on the three leading sites (Bankrate, BestCashCow or Nerdwallet). Heck, I couldn't even find it easily on CIBC's own website, but that is another story. The thing that is great here is that there is only a 30 day EWP on 1-year CDs which is a nice feature as we learned during the pandemic that you really never can see what your cash needs are too far out.
Canadienne1
October 26, 2022 |
The best bank in Canada by far. But, not competitive in the US at all. The good news is that I could move everything out to buy treasuries in my brokerage account with two clicks (unlike Synchrony which was a disaster to get out of).
Yippy1
June 14, 2022 |
Lots of these big more recognized names have long wait times to be followed by people answering the phone needing to do research in order to provide unsatisfactory answers. I have only called CIBC once or twice in many years as a customer, but this has not been my experience there.
Becky
July 28, 2021 |
We've been customers for several years. Never a problem.
Branches
Click on location and enter new zip number to change.
Your current location is: Ashburn, VA
Wesley
May 30, 2023 |
Thank you to this site for showing this CD rate. I could not find it on the three leading sites (Bankrate, BestCashCow or Nerdwallet). Heck, I couldn't even find it easily on CIBC's own website, but that is another story. The thing that is great here is that there is only a 30 day EWP on 1-year CDs which is a nice feature as we learned during the pandemic that you really never can see what your cash needs are too far out.
Canadienne1
October 26, 2022 |
The best bank in Canada by far. But, not competitive in the US at all. The good news is that I could move everything out to buy treasuries in my brokerage account with two clicks (unlike Synchrony which was a disaster to get out of).
Yippy1
June 14, 2022 |
Lots of these big more recognized names have long wait times to be followed by people answering the phone needing to do research in order to provide unsatisfactory answers. I have only called CIBC once or twice in many years as a customer, but this has not been my experience there.
Becky
July 28, 2021 |
We've been customers for several years. Never a problem.