United States · Financial institution
CIBC Bank USA
CIBC Bank USA is an Illinois-chartered commercial bank with its head office in Chicago. It is a direct, wholly owned subsidiary of CIBC Bancorp USA Inc., whose ultimate parent is the Canadian Imperial Bank of Commerce (CIBC) in Toronto. The bank offers commercial, private wealth, personal and small business banking, with branches mainly in the Chicago area. It operated as The PrivateBank and Trust Company until CIBC acquired its parent in June 2017, and it took its current name in September 2017.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PVTBUS44XXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under PVTBUS44 directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2008-11-01
- Last updated
- 2022-11-05
Overview
Researched 29 Sep 2026 · Sources
Total assets
Not published
Employees
Not published
Ownership
Group subsidiary
100% CIBC Bancorp USA Inc.
Institution type
Commercial bank
Trades as CIBC US
- Standing
- The bank was renamed from The PrivateBank and Trust Company on 18 September 2017. The rename followed CIBC's acquisition of PrivateBancorp on 23 June 2017.
- Ownership
- CIBC Bancorp USA Inc., a Delaware financial holding company, holds 100% of the bank, and CIBC Bancorp USA is owned by the Canadian Imperial Bank of Commerce.
- Direct parent
- CIBC Bancorp USA Inc. ↗, United States 100%
- Ultimate owner
- Canadian Imperial Bank of Commerce, Canada
- Head office
- 120 South LaSalle Street, 60603 Chicago, United States
- Company register
- FDIC cert 33306
- Former name
- The PrivateBank and Trust Company
Business lines
The bank focuses on commercial lending, commercial real estate and private wealth, and also offers personal banking, the Agility digital savings brand and correspondent services to US banks.
Online
- Websites & references
- us.cibc.com ↗
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗
Sources · 11 pages consulted
- us.cibc.com/en/about-us/executive-team.html
- us.cibc.com/en/about-us/board-of-directors.html
- us.cibc.com/en/commercial/specialty-banking/correspondent-banking.html
- us.cibc.com/en/component-references/footer/cibc-us-linkedin.html
- us.cibc.com/en/component-references/footer/cibc-us-facebook.html
- us.cibc.com/en/component-references/footer/cibc-us-instagram.html
- fdic.gov/resolutions/cibc-2025-resolution-plan-public-section.pdf
- crapes.fdic.gov/publish/2021/33306_210823.PDF
- us.cibc.com/content/dam/us-public-assets/documents/pdf/legal/notice/dfast-disclosure-2017-en.pdf
- cibc.mediaroom.com/2025-08-12-CIBC-Announces-Senior-Executive-Leadership-Changes
- en.wikipedia.org/wiki/CIBC_Bank_USA
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Kevin Li President and CEO, CIBC Bank USA; Senior Executive Vice President and Group Head, U.S. Region
- Chief financial officer
- Paul Carey U.S. Chief Financial Officer and Senior Vice President, Strategy
- Executive
- Richard Dalton Senior Vice President and Chief Risk Officer
- Executive
- Robert Frentzel Executive Vice-President and Head, Commercial Banking, U.S. Region
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United States
- Illinois Department of Financial and Professional Regulation Prudential supervisor
- United States
- Federal Deposit Insurance Corporation Prudential supervisorAML supervisorResolution
- United States
- Consumer Financial Protection Bureau Conduct
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
CIBC announced that Kevin Li would succeed Shawn Beber as President and CEO of CIBC Bank USA. Beber became Special Advisor before retiring in July 2026.
cibc.mediaroom.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- PVTBUS44XXX
- How the BIC breaks down
- PVTBBank
- USCountry · United States
- 44Location
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- FDXQ75GPEQKRPWABYN63
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- ABA routing number 071006486
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- United States · North America
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- CIBC Bancorp USA Inc. · United States984500B3AEBC9CC89061 ↗
- Ultimate parent
- Canadian Imperial Bank of Commerce · Canada2IGI19DL77OX0HC3ZE78 ↗
The Canadian Imperial Bank of Commerce group has 12 institutions in the directory, in 9 countries: all hold a BIC.
Including CIBC Capital Markets (Europe) S.A., Canadian Imperial Bank of Commerce, Canadian Imperial Bank of Commerce, CIBC World Markets Corp., Canadian Imperial Bank of Commerce.
See the Canadian Imperial Bank of Commerce group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 120 SOUTH LASALLE STREET CHICAGO 60603 UNITED STATES OF AMERICA
- Operational address
- 70 W MADISON SUITE 200 CHICAGO,IL CHICAGO,IL 60602 UNITED STATES OF AMERICA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI and its USABA clearing code
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>PVTBUS44XXX</BICFI>
<ClrSysMmbId>
<ClrSysId>
<Cd>USABA</Cd>
</ClrSysId>
<MmbId>071006486</MmbId>
</ClrSysMmbId>
<LEI>FDXQ75GPEQKRPWABYN63</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>PVTBUS44XXX</BICFI>
<ClrSysMmbId>
<ClrSysId>
<Cd>USABA</Cd>
</ClrSysId>
<MmbId>071006486</MmbId>
</ClrSysMmbId>
<LEI>FDXQ75GPEQKRPWABYN63</LEI>
<Nm>CIBC BANK USA</Nm>
<PstlAdr>
<TwnNm>CHICAGO</TwnNm>
<Ctry>US</Ctry>
<AdrLine>120 SOUTH LASALLE STREET CHICAGO 60603</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
National bank codes
ABA routing number · United States
1 code file of 2026-10-09 · ISO 20022 clearing system code USABA
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 071006486 | PVTBUS44XXX | CIBC BANK USA | CHICAGO, IL |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Claim this profile
Work at CIBC Bank USA?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- National bank codes—United States (Source: Federal Financial Institutions Examination Council (FFIEC), National Information Center).
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: us.cibc.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo