CIBC Bank USA

120 South Lasalle Street , Suite 400
Chicago, IL 60603

Phone: 877-448-6500

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33306
Date Established 1991
Assets $27.09 billion
Loans $18.34 billion
Deposits $18.89 billion
Capital $5.54 billion

CIBC Bank USA is an FDIC insured institution located in Chicago, IL. It was founded in 1991 and has approximately $27.09 billion in assets. Customers can open an account at one of its 29 branches.

For a more detailed analysis of CIBC Bank USA's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in CIBC Bank USA’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Illinois, CIBC Bank USA has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 5.79
Multifamily
Mortgages
6.39
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.56
Construction and Development Loans 3.85
Commercial Real Estate 28.85
Commercial and Industrial Loans 39.86
Farm Loans 0.05

Deposit Rates - February 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.30% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.45% $100,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.60% $100,000 - Learn MoreShow Less
12 Mo CD
1.21% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.36% $100,000 - Learn MoreShow Less
15 Month CD
2.68% $0 - Learn MoreShow Less
18 Mo CD
1.26% $1,000 $99,999 Learn MoreShow Less
18 Mo CD
1.41% $100,000 - Learn MoreShow Less
24 Mo CD
1.36% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.46% $100,000 - Learn MoreShow Less
30 Mo CD
1.36% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.46% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.56% $100,000 - Learn MoreShow Less
48 Mo CD
1.56% $1,000 $99,999 Learn MoreShow Less
48 Mo CD
1.66% $100,000 - Learn MoreShow Less
60 Mo CD
1.61% $1,000 $99,999 Learn MoreShow Less
60 Mo CD
1.71% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.21% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.03% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $25,000 Learn MoreShow Less

Online Only Savings Rates of CIBC Agility

Online Savings Rates APY MIN MAX

Bank Offers

CIBC Has 15-Month In-Branch CD Special
Jul 10, 2018

Canadian Imperial Bank of Commerce (CIBC) is offering a 15-month CD special at 2.68%.  This rate is attractive compared to 18 month online CDs and depending on where you live you may not find a local 18-month CD rate this high.  You'll need to get to a CIBC Bank branch to take advantage of this offer and unfortunately those are only in WI, IL and MI.


CIBC Bank USA Raises Online Savings Rate to 2.39% APY
Dec 21, 2018

CIBC Bank USA has raised its online savings rate to 2.39%.  The account may be opened online with a $1,000 deposit and has a $0.01 minimum to maintain free of fees.


Bank Online Offers

Loan Rates - February 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CIBC Bank USA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Flagstar Bank
Flagstar Bank
Intro APR
3.490 %
After Intro: 6.240 %
Intro Period: 6 months
$25,000 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to CIBC Bank USA
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

CIBC Bank USA branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


CIBC Bank USA Locations

Map Example

Financial Details

CIBC Bank USA Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CIBC Bank USA. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
CIBC Bank USA U.S. Bank Average
3.08% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2018, CIBC Bank USA had $174,280,000 in non-current loans and $706,000 in owned real estate. To cover these potential losses it had $5,538,208,000 in equity and $152,351,000 in loans loss reserves. That gives it a Texas Ratio of 3.08%.

Return on Equity
CIBC Bank USA U.S. Bank Average
4.98% 9.95%

CIBC Bank USA has a Return on Equity of 4.98% versus the BestCashCow average of 9.95%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
CIBC Bank USA U.S. Bank Average
20.44% 12.19%

CIBC Bank USA has a Capitalization of 20.44% versus the BestCashCow average of 12.19. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

CIBC Bank USA Balance Sheet Analysis

As of September 30, 2018, CIBC Bank USA had assets of $27,091,889,000, loans of $18,338,253,000, and deposits of $18,887,519,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.66 billion
Interest-bearing balances $0.48 billion
Total securities $4.38 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $18.34 billion
Loan loss allowance $0.15 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $3.10 billion
All other assets $0.55 billion
     Total Assets $21.55 billion
LIABILITIES
Total deposits $18.89 billion
      Interest-bearing deposits $12.97 billion
      Deposits held in domestic offices $18.89 billion
      % insured (estimated) 33.23%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $2.24 billion
Subordinated debt $0.00 billion
All other liabilities $0.42 billion
      Total Liabilities $21.55 billion
      Shareholders’ Equity $5.54 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.79 billion
Total Interest Expense $0.16 billion
Net interest income $0.63 billion
Provision for loan and lease losses $0.10 billion
Total non interest income $0.10 billion
Total non interest expense $0.36 billion
Pre-tax Net Operating Income $0.28 billion

Frequently Asked Questions About Cibc Bank Usa

Branches and Savings

Is Cibc Bank Usa FDIC insured?

Yes. It is covered under FDIC Certificate #33306.

Why does Cibc Bank Usa pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Cibc Bank Usa CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Cibc Bank Usa a commercial bank?

Yes

Where are Cibc Bank Usa locations?

See branch locations nearby.

Is Cibc Bank Usa open on Saturdays?

Is Cibc Bank Usa open on Sundays?

What time does Cibc Bank Usa open?

What time does Cibc Bank Usa close?

Are Cibc Bank Usa ATMs Open 24/7?

Do Cibc Bank Usa ATMs accept cash deposits?

Can Cibc Bank Usa customers use other ATMs?

Do Cibc Bank Usa branches have notaries?

Will Cibc Bank Usa notarize my document?

What address for Cibc Bank Usa should I put for incoming ACH transfers?

Will the Cibc Bank Usa branch print checks?

Do Cibc Bank Usa checks expire?

Does Cibc Bank Usa require US citizenship to open account?

Can Cibc Bank Usa close my account?

Does Cibc Bank Usa Report to credit bureaus?

Does Cibc Bank Usa Use Equifax?

What is Cibc Bank Usa's ACH Routing Number?

What is Cibc Bank Usa's SWIFT code?

Products

Does Cibc Bank Usa offer mortgages?

Compare mortgage rates here.

Does Cibc Bank Usa offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cibc Bank Usa offer personal loans?

Compare personal loan rates here.

Does Cibc Bank Usa offer student loans?

Will Cibc Bank Usa cash a check?

Will Cibc Bank Usa redeem a savings bond?

Does Cibc Bank Usa cash savings bonds?

Will Cibc Bank Usa cash money orders?

Can Cibc Bank Usa issue a money order?

Does Cibc Bank Usa do currency exchange?

Background on The Bank

Who owns Cibc Bank Usa?

How long has Cibc Bank Usa been around?

Can Cibc Bank Usa transfer to other banks?

Does Cibc Bank Usa have quick pay?

Does Cibc Bank Usa accept rolled coins?

Will Cibc Bank Usa accept loose change?

Where is Cibc Bank Usa headquarters?

Customer Reviews for CIBC Bank USA


  • Ari S

    February 06, 2019 |

    Online Savings Rates

    I opened an account in January. I found the opening process easy and am enjoying earning a savings rates for a $1 minimum that is higher than that offered by the other well-recognized online banks.

  • Michael Guttman

    December 23, 2018 |

    Online Savings Rates

    The 2.39% rate was nice enough to get be to just open a CIBC account, but I closed it 5 minutes later. I was not able to bring money in from an external bank account (in my case, Chase). You have to wire it over or send them a check. I also learned you absolutely cannot withdraw anything for 90 days. There are better options out there.

  • Nothing but Frustration

    July 13, 2018 |

    Online Savings Rates

    nothing works. trying to call the number and get someone is futile.

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*All images, logos and public notes on this page appear courtesy of Cibc Bank Usa and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.