CIBC Bank USA
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. 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
| Formerly | The PrivateBank and Trust Company |
|---|---|
| Company type | Subsidiary |
Traded as | 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) |
| Owner | Canadian Imperial Bank of Commerce |
| Parent | CIBC Bancorp USA (formerly PrivateBancorp Inc.) |
| Website | us |
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