Canadian Bank of Commerce opens for business in Toronto. The bank would later merge with Imperial Bank of Canada to become what is CIBC in 1961.
The Imperial Bank of Canada was a Canadian bank based in Toronto, Ontario, during the late 19th century and early 20th century.
The Canadian Bank of Commerce was a Canadian bank which was founded in 1867, and had hundreds of branches throughout Canada. It merged in 1961 with the Imperial Bank of Canada to form the Canadian Imperial Bank of Commerce.