Skip to main content

Report On Business CIBC to rebrand PrivateBank as CIBC Bank USA at dozens of locations

A CIBC sign is seen outside of an Ottawa branch in 2016.

Chris Wattie/Reuters

The Canadian Imperial Bank of Commerce is extending its brand across the U.S. by renaming dozens of recently purchased locations south of the border as CIBC Bank USA.

The Canadian lender closed its acquisition of Chicago-based PrivateBancorp in June.

Today, the bank announced it is replacing the U.S. company's brand called The PrivateBank with the CIBC name on 36 branches and commercial banking offices.

Story continues below advertisement

A soccer field and a theatre in Chicago have also been renamed as the CIBC Fire Pitch and the CIBC Theatre.

CIBC bought the U.S. bank for approximately $5-billion US in a bid to secure its foothold in the country.

The Canadian bank has said it hopes to one day generate a quarter of its earnings in the U.S.

Report an error
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter