 | |
| Formerly | The PrivateBank and Trust Company[1] |
|---|---|
| Company type | Subsidiary |
| Nasdaq: PVTB (1999–2017) | |
| Industry | Financial services |
| Founded | 1989 |
| Headquarters | 120 South LaSalle Street, |
| Products | Consumer Banking, Corporate Banking, Insurance, Investment Banking, Mortgage loans, Private Banking, Private Equity, Wealth Management, Credit Cards, Financial Analysis |
| AUM | $9.6 billion |
| Total assets | $17.7 billion (2016) |
| Parent | Canadian Imperial Bank of Commerce (CIBC) |
| Website | us |
CIBC Bank USA is an American commercial bank headquartered in Chicago, Illinois. Founded in 1989 as The PrivateBank and Trust Company (doing business as The PrivateBank), a subsidiary of PrivateBancorp Inc., the company became a subsidiary of the Toronto-based Canadian Imperial Bank of Commerce (CIBC) after a US$5 billion acquisition in June 2017.[2] This acquisition marks the Canadian bank's second formal entry into the American retail and investment banking market. CIBC Bank is one of the largest banking institutions in the United States
- ^ Cite error: The named reference
about tpbwas invoked but never defined (see the help page). - ^ Channick, Robert (August 16, 2017). "PrivateBank changing name to CIBC Bank USA after $5 billion deal". Chicago Tribune. Retrieved May 11, 2018.