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  5. Canadian Imperial Bank of Commerce

Events on June 1 in history

Canadian Imperial Bank of Commerce
1961Jun, 1

The Canadian Bank of Commerce and Imperial Bank of Canada merge to form the Canadian Imperial Bank of Commerce, the largest bank merger in Canadian history.

The Canadian Imperial Bank of Commerce (CIBC; French: Banque Canadienne Impriale de Commerce) is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. CIBC's Institution Number (or bank number) is 010, and its SWIFT code is CIBCCATT. It is one of two Big Five banks founded in Toronto, the other being the Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce (founded in 1867) and the Imperial Bank of Canada (founded in 1873), the largest merger between chartered banks in Canadian history.The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.

Canadian Imperial Bank of CommerceCanadian Imperial Bank of Commerce
The Canadian Bank of Commerce was a Canadian bank which was founded in 1867, and had hundreds of branches throughout Canada. It merged in 1961 with the Imperial Bank of Canada to form the Canadian Imperial Bank of Commerce.

References

  • Canadian Bank of Commerce
  • Imperial Bank of Canada
  • Canadian Imperial Bank of Commerce

Choose Another Date

Events on 1961

  • 16Apr

    Fidel Castro

    In a nationally broadcast speech, Cuban leader Fidel Castro declares that he is a Marxist-Leninist and that Cuba is going to adopt Communism.
  • 1May

    Fidel Castro

    The Prime Minister of Cuba, Fidel Castro, proclaims Cuba a socialist nation and abolishes elections.
  • 25Jul

    NATO

    In a speech John F. Kennedy emphasizes that any attack on Berlin is an attack on NATO.
  • 10Aug

    Agent Orange

    First use in Vietnam War of the Agent Orange by the U.S. Army.
  • 13Aug

    Berlin Wall

    East Germany closes the border between the eastern and western sectors of Berlin to thwart its inhabitants' attempts to escape to the West, and construction of the Berlin Wall is started.[2]

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