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In June 2017, CIBC
completed its acquisition of Chicago-based The PrivateBank and Trust Company (PVTBTC).
We are thrilled to recognize CIBC
as one of Chicago's leading corporate citizens,' said Andrea Zopp, president and CEO of World Business Chicago.
The PrivateBank's 36 branch locations and commercial banking business development offices now have the CIBC
This marks the final requirement for the Aeroplan transformation, which will take off with the launch of Aeroplan program enhancements including the launch of Distinction, as well as new credit card products from TD and CIBC
from January 1, 2014.
Re is a life reinsurance subsidiary that is ultimately owned by the Canadian Imperial Bank of Commerce (CIBC
) (Toronto, Ontario).
has also assigned more responsibilities to Richard Nesbitt, the head of CIBC
's wholesale bank.
As part of its supervisory action, the OSFI is separately requiring that the CIBC
adopt similar enhanced reputational risk management policies in its worldwide operations.
CB Richard Ellis' team of Lewis Miller, Kenneth Rapp, Ken Meyerson and James Ackerson represented Simpson Thacher in the transaction, while Cushman & Wakefield's Mitchell Konsker, Matthew Astrachan and Steven Bauer acted for CIBC
Founded in 1965, the CIBC
was an outgrowth of the Civil Rights Movement of the 1960s.
Re principally reinsures credit insurance policies that have been underwritten by third-party life insurance carriers on consumer mortgages, loans and credit cards originated by CIBC
's Canadian branches.
The PrivateBank team is excited to join our CIBC
colleagues under a name that is known for client-first focus and a commitment to building strong, vibrant communities,' said Larry D.