CIBC Bank USA

Headquarters

120 S La Salle St
Chicago, IL 60603
See all branch locations →

Phone 877-448-6500

Notable Rates APY Vs.Others
Savings N.A. 3.05% →
1-Year CD N.A. 3.30% →
2-Year CD N.A. 3.60% →
5-Year CD N.A. 3.75% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

CIBC Bank USA is an FDIC insured institution located in Chicago, IL. It was founded in 1991 and has approximately $48.32 billion in assets. Customers can open an account at one of its 29 branches.

FDIC Insured Yes
FDIC Certificate # 33306
Date Established 1991
Assets $ 48.32 billion
Loans $ 29.54 billion
Deposits $ 38.68 billion
Capital $ 7.36 billion
 

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.

Deposit Rates - September 27, 2022

Your Current Location: California, CA 92111

Online Only Savings Rates of CIBC Bank USA

Online Savings Rates APY MIN MAX
Agility Savings Account
2.32% $1,000 - Learn More

Online Only CD Rates of CIBC Bank USA

Online CD Rates APY MIN MAX
1-Year CD
3.01% $25,000 - Learn More
18 Month Online CD
2.96% $25,000 - Learn More
24 Month Online CD
1.65% $25,000 - Learn More

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

CIBC Lowers Its Online Savings Rate to 1.35% APY
May 27, 2020

CIBC has lowered the online savings rate offered at its US subsidiary to 1.35% APY.   With some analysts suggesting that a major Canadian bank could be in trouble as a result of the collapse in oil prices, it seems like an important time to maintain your deposits within FDIC limits with this bank.


CIBC Lowers Its Agility Savings Rate to 0.80% APY
Sep 1, 2020

CIBC has lowered its online savings rate from 0.90% APY to 0.80% APY.


CIBC Agility Savings is Lowered from 0.70% to 0.62% APY
Nov 2, 2020

CIBC Agility Savings is Lowered from 0.62% to 0.52% APY
Dec 10, 2020

CIBC, the Canadian bank that is trying to compete in the US online market, has dropped its online savings rate from 0.62% to 0.52%.

They have also dropped their 12-month CD rate to 0.50%.


 

Loan Rates - September 27, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
6.437% 6.375%
0.63 points
$1,618 fees
$1,560 Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
6.871% 6.750%
0.88 points
$3,108 fees
$1,622 Learn More
Eligibility.org
NMLS ID: 1907

points
fees
Learn More
New American Funding
NMLS ID: 6606

points
fees
Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 5.740 %
After Intro: 7.000 %
Intro Period: 12 months
$25,000 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:
San Diego,California


CIBC Bank USA Locations



Climate Initiatives

CIBC Bank USA is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
2.36% 4.01%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2022, CIBC Bank USA had $181,536,000 in non-current loans and $177,000 in owned real estate. To cover these potential losses it had $7,360,184,000 in equity and $342,449,000 in loans loss reserves. That gives it a Texas Ratio of 2.36%.

Return on Equity
CIBC Bank USA U.S. Bank Average
6.59% 9.01%

CIBC Bank USA has a Return on Equity of 6.59% versus the BestCashCow average of 9.01%. 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
15.23% 10.66%

CIBC Bank USA has a Capitalization of 15.23% versus the BestCashCow average of 10.66. 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 March 31, 2022, CIBC Bank USA had assets of $48,316,809,000, loans of $29,544,744,000, and deposits of $38,682,130,000. 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

March 31, 2022
ASSETS
Cash & Balances due from depository institutions $ 7.27 billion
Interest-bearing balances $ 7.07 billion
Total securities $ 7.75 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 29.54 billion
Loan loss allowance $ 342.45 million
Trading account assets $ 4.25 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles $ 2.88 billion
All other assets $ 711.62 million
     Total Assets $ 40.96 billion
LIABILITIES
Total deposits $ 38.68 billion
      Interest-bearing deposits $ 25.09 billion
      Deposits held in domestic offices $ 38.68 billion
      % insured (estimated) 23.63%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 8.65 million
Other borrowed funds $ 1,841.25 million
Subordinated debt N.A.
All other liabilities $ 424.60 million
      Total Liabilities $ 40.96 billion
      Shareholders’ Equity $ 7.36 billion

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 268.59 million
Total Interest Expense $ 18.04 million
Net interest income $ 250.54 million
Provision for loan and lease losses $ 11.13 million
Total non interest income $ 46.19 million
Total non interest expense $ 127.64 million
Pre-tax Net Operating Income $ 157.97 million

Bank Loan Profile?

The top three loan types in CIBC Bank USA’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

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 6.47
Multifamily
Mortgages
6.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.31
Construction and Development Loans 4.59
Commercial Real Estate 26.27
Commercial and Industrial Loans 34.24
Farm Loans 0.05

Customer Reviews for CIBC Bank USA


  • October 13, 2021

    Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparently does not make hard pulls against depositors. I am referring to many credit unions in that last sentence who make it so hard for anyone except the favored few near branches to get their advertised special offers.

  • July 9, 2021 |

    Improved greatly over the experiences of earlier reviewers. Smooth approval. Everything is fine, helped in recovering sign-in protocols and in deposits/withdrawals. Not some hinky fintech that has to be worked only out of a buggy app, assuming approval which is often denied for unclear reasons.

  • February 6, 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.

  • 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.

  • July 13, 2018 |

    Online Savings Rates

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

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