CIBC
Acquisitions
3
Major Deals Covered
$5.7B
Disclosed Deal Value
CIBC's largest disclosed acquisition here is CIT Group Canadian Vendor Finance Assets for $470 in 2011. This page covers 3 major deals from 1988 to 2017, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| PrivateBancorp, Inc. (CIBC Bank USA) | 2017 | Undisclosed | — |
| Wood Gundy Inc. | 1988 | Undisclosed | — |
| CIT Group Canadian Vendor Finance Assets | 2011 | Undisclosed | — |
2017
$5.0B
Acquired Chicago-based commercial lender PrivateBancorp, establishing a major commercial banking and private wealth footprint in the U.S. Midwest.
Scaled into CIBC Bank USA, contributing approximately 15% to 20% of CIBC's consolidated enterprise earnings.
2011
$470M
Acquired Canadian corporate leasing and equipment finance assets from CIT Group.
Integrated into CIBC Commercial Banking.
1988
$203M
Acquired historic Canadian investment dealer Wood Gundy, creating CIBC Wood Gundy.
Remains CIBC's premier wealth management and investment advisory brand.
CIBC drives sustainable growth across three primary vectors: first, expanding high-margin wealth management and private banking relationships in Canada and the U.S.; second, scaling commercial relationship lending across key Midwestern and Sunbelt business corridors; and third, accelerating direct digital customer acquisition and payment innovations through Simplii Financial and strategic commercial partnerships.
CIBC operates a diversified universal banking model anchored by four strategic operating groups: Canadian Personal & Business Banking (44.0% of revenues), Capital Markets & Direct Financial Services (21.0%), Canadian Wealth Management (18.0%), and U.S. Commercial Banking & Wealth Management (17.0%). It earns net interest income from residential mortgages and commercial lending, alongside non-interest fees from wealth management, loan syndication, trading, and merchant card services.
The 2017 acquisition of Chicago-based PrivateBancorp for USD $5.0 billion, establishing CIBC Bank USA.
CIBC acquired Canadian investment firm Wood Gundy in 1988 for CAD $203 million, forming CIBC Wood Gundy.
Compare corporate acquisition records, deal values, and strategic targets
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