Banks | CIBC Bank USA

CIBC Bank USA

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.

Deposit Rates - December 21, 2024

SAVINGS RATES APY MIN
Savings
0.03% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.15% $10,000 Compare
6 Mo CD
0.20% $100,000 Compare
12 Mo CD
0.30% $10,000 Compare
12 Mo CD
0.35% $100,000 Compare
18 Mo CD
0.30% $10,000 Compare
18 Mo CD
0.35% $100,000 Compare
24 Mo CD
0.35% $10,000 Compare
24 Mo CD
0.40% $100,000 Compare
30 Mo CD
0.35% $10,000 Compare
30 Mo CD
0.40% $100,000 Compare
36 Mo CD
0.40% $10,000 Compare
36 Mo CD
0.45% $100,000 Compare
48 Mo CD
0.45% $10,000 Compare
48 Mo CD
0.50% $100,000 Compare
60 Mo CD
0.60% $10,000 Compare
60 Mo CD
0.65% $100,000 Compare
MM RATES APY MIN
Money Market
0.03% $2,500 Compare
Money Market
0.03% $10,000 Compare
Money Market
0.03% $25,000 Compare

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

  • 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.

  • 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).

  • 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.

  • We've been customers for several years. Never a problem.

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