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Canadian Imperial Bank of Commerce ANNUAL INFORMATION FORM
Canadian Imperial Bank of Commerce ANNUAL INFORMATION FORM December 4, 2019 TABLE OF CONTENTS 2 A NOTE ABOUT FORWARD-LOOKING STATEMENTS 3 INFORMATION INCORPORATED BY REFERENCE 3 CORPORATE STRUCTURE 3 Name, Address and Incorporation 3 Intercorporate Relationships 3 DESCRIPTION OF THE BUSINESS 3 The CIBC Organization 4 Competitive Conditions 4 Social and Environmental Policies 4 Risk Factors 4 GENERAL DEVELOPMENT OF THE BUSINESS 4 Three Year History 5 DIVIDENDS 5 CAPITAL STRUCTURE 5 Description of Common Shares 5 Description of Preferred Shares 6 Certain Conditions of the Class A Preferred Shares as a Class 6 Bank Act (Canada) Restrictions Related to Share Ownership 7 Liquidity and Credit Ratings 8 MARKET FOR SECURITIES 8 Trading Prices and Volume 8 Prior Sales 9 Escrow Securities 9 DIRECTORS AND OFFICERS 9 Directors and Board Committees 9 Executive Officers 9 Shareholdings of Directors and Executive Officers 10 Corporate Cease Trade Orders or Bankruptcies 10 Penalties or Sanctions 10 Personal Bankruptcies 10 Conflicts of Interest 10 LEGAL PROCEEDINGS AND REGULATORY ACTIONS 10 INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS 10 TRANSFER AGENT AND REGISTRAR 10 EXPERTS 11 AUDIT COMMITTEE 11 Education and Experience 11 PRE-APPROVAL POLICIES AND PROCEDURES 12 FEES FOR SERVICES PROVIDED BY SHAREHOLDERS’ AUDITOR 12 ADDITIONAL INFORMATION 13 Appendix A: Rating Definitions 15 Appendix B: Audit Committee Mandate CIBC 2019 Annual Information Form 1 A NOTE ABOUT FORWARD-LOOKING STATEMENTS From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this Annual Information Form, in other filings with Canadian securities regulators or the U.S. -
BANK MERGERS: IS BIGGER BETTER? Introduction
BANK MERGERS: IS BIGGER BETTER? Introduction In January 1998, the Bank of Montreal and the Royal Bank of Canada announced plans to merge and create one superbank. A few months later, in April, the Toronto Dominion Bank and the Canadian Imperial Bank of Commerce announced similar plans. The proposed bank mergers caught many people off guard, including Minister of Finance Paul Martin. In a Macleans interview, Martin said, "Just because they decided to get into bed together doesnt mean that I have to bless their union." Martins message seemed to be that Ottawa, not the banks, would decide the future of banking in Canada. "There will be no mergers in the banking sector until we are convinced that [it] is what is best for Canadians, and we will not be stampeded into making that decision." According to the banks, the proposed mergers were a natural response to a changing and highly competitive global marketplace. Mergers, they said, provide a way of maintaining a strong Canadian presence in the banking industry. Certainly, recent technological advances have dramatically changed the manner in which the financial services industry conduct their business, and the above- mentioned banks feel, therefore, that they need to be bigger to compete and to have a substantial presence in the global banking community. Martin himself acknowledged the changed nature of banking when he said, "If you look back at banking five years ago, you might as well look back two centuries." While the proposed bank mergers brought attention to the challenges facing Canadas banks, these challenges are not peculiar to the banks alone. -
Private Bankers in Ontario Hayseed Capitalists: Private Bankers in Ontario
HAYSEED CAPITALISTS: PRIVATE BANKERS IN ONTARIO HAYSEED CAPITALISTS: PRIVATE BANKERS IN ONTARIO by STEPHEN EDWARD mORNING, B.A., M.A. A Thesis Submitted to the School of Graduate Studies in Partial Fulfilment of the Requirements for the Degree Doctor of Philosophy McMaster University August, 1994 -- -- --- - --------------- DOCTOR OF PHILOSOPHY (1994) McMASTER UNIVERSITY (History) Hamilton, Ontario TITLE: Hayseed Capitalists: Private Bankers in Ontario AUTHOR: Stephen Edward Thorning, B.A. (University of Guelph) M.A. (McMaster University) SUPERVJSOR: Professor John C. Weaver NUMBER OF PAGES: viii, 502 ii ABSTRACT The structure of the Canadian banking system, and the establishment of strong chartered banks at a relatively early stage, have overshadowed banking institutions that operated outside the chartered system. The non-chartered or private banks can be categorized into three groups: the joint stock banks of the 1830s, the urban private bankers who appeared in the 1850s and after, and the small-town private banks of the post-1868 period. AJI three types of private banks were established to fill perceived niches in the chartered bank system. Those of the 1830s possessed an anti-establishment, hinterland bias. The urban private bankers specialized in savings and foreign exchange transactions, and often branched out into insurance, debentures, and ultimately stocks and bonds. The small town private banks began and prospered when the needs of small hinterland communities outpaced the inclination and ability of chartered banks to provide them with banking facilities. Unlike the urban private bankers, those in small towns offered a full range of banking services, and they often acted as insurance and real estate agencies as well. -
NAME CONTAINER COUNTRY Great Wisconsin CU Credit Card UNITED
NAME CONTAINER COUNTRY Great Wisconsin CU Credit Card UNITED STATES Unify Financial Credit Card UNITED STATES Hagerstown Trust Bank UNITED STATES Swineford National Bank Bank UNITED STATES Fulton Bank (NJ) Bank UNITED STATES Peoples Bank of Elkton Bank UNITED STATES Premier One FCU Credit Card UNITED STATES American Bar Association Credit Card UNITED STATES Wescom CU Credit Card UNITED STATES DocHes Community CU - Credit Cards Credit Card UNITED STATES BrigHton Commerce Bank Bank UNITED STATES CaltecH Employees FCU Bank UNITED STATES AcHieve Financial CU Bank UNITED STATES Central One FCU Bank UNITED STATES Fort Financial CU Bank UNITED STATES Dort FCU Bank UNITED STATES My Bank (NM) Bank UNITED STATES Bank of RicHmond Bank UNITED STATES Best Buy - Credit Cards Credit Card UNITED STATES Castle Bank Bank UNITED STATES APCO Employees CU Bank UNITED STATES Busey Bank Bank UNITED STATES Bridgewater CU Bank UNITED STATES Columbia Bank Bank UNITED STATES Old Florida Bank Bank UNITED STATES Seattle Metropolitan CU Credit Card UNITED STATES Virginia CU Bank UNITED STATES Austin Bank Bank UNITED STATES Pacific Premier Bank Bank UNITED STATES Chemung Canal Trust Company Bank UNITED STATES ChipHone FCU Bank UNITED STATES Zales Credit Card UNITED STATES Beacon CU Bank UNITED STATES Central State CU Bank UNITED STATES Community Bank of Florida Bank UNITED STATES BankCHampaign Bank UNITED STATES Mabrey Bank Bank UNITED STATES Austin Telco FCU Bank UNITED STATES California Bear FCU Bank UNITED STATES Crane FCU Bank UNITED STATES Bowater Employees CU -
Imperial Bank of Canada
Imperial Bank of Canada Head Office : Toronto ESTABLISHED 1875 CAPITAL A UTHORIZED . $10,000,000.00 Thirty-Fifth AnnwZ deport 1910 IMPERIAL BANK OF CANADA. ESTABLISHED 1875 Capital (Authorized) $10,000.000.00 Capital (paid up) $5,000.000.00 Reserve Fund and Undivided Profits $5.700.000.00 DIRECTORS: D. R. WILKIE.. ............................PRESIDENT. HON.ROBERT JAFFRAY.. ........... .VICE-PRESIDENT. WM. RAMSAY of Bowland, Stow. Scotland. ELIAS ROGERS. J. KERR OSBORNE. PELEG HOWLAND. WM. WHYTE, Winnipeg. CAWTHRA MULOCK. HON.RICHARD TURNER. Quebec. WM. HAMILTON MERRITT. M.D., St. Catharines. W. J. GAGE. HEAD OFFICE, TORONTO. D. R. WILKIE, GENERALMANAGER. E. HAY, ASST.GENERAL MANAGER. W. MOFFAT, CHIEFINSPECTOR. A. E. PHIPPS. G. D. BOULTON. R. S. CLARK. INSPECTORS. W. S. ELLIOTT. SECRETARYTO GENERAL MANAGER. BRANCHES : NIAGARA-ON-THE-LAKE.. .. NORTH BAY.. ............... OTTAWA. ................... PALGRAVE. ................. PORT ARTHUR .............. PORT COLBORNE.. .......... PORT ROBINSON. ........... RIDGEWAY.. ................ SAULT STE. MARIE.. ........ SOUTH WOODSLEE.. ........ ST. CATHARINES.. .......... (MARKET) . J. A. FORSTER.. ...a,... ST. DAVIDS.. ................ C. W. PATERSON ........ ST. THPMAS.. ............... J. D. HOOD.. ........... (EAST END). ... C. A. LOVE.. ............ THESSALON. ................ W. McGUIRE.. .......... WELLAND.. ................. G. C. BROWN.. ......... WOODSTOCK. ............... H. P. TAYLOR.. ........ Province of Quebec- MONTREAL.. ................................J. A. RICHARDSON.. ....... -
The Canadian-American Paper Money Experience
The Canadian-American Paper Money Experience 1782 – Present Parallels in the Systems • United States • Canada – Private Banks from – Private and 1782-1866 provincially-chartered – National Banks from banks from ca. 1792- 1863-1935 1945 – Federal Government – Province of Canada notes from 1861-1971 1867 – Federal Reserve Bank – Dominion of Canada system from 1913 to from 1867-1934 present – Bank of Canada 1935- present. The United States – State Chartered and Private Banks 1782-1866 The United States – National Bank Notes 1863-1935 The United States – Federal Government notes 1861-1971 The United States – Federal Reserve Bank notes 1913 – Present Canada The Early Years 1790s -1866 Agricultural Bank - Toronto • In operation 1834-1837 • First bank in Canada to pay interest on deposits and offer checking accounts • Substantial losses as the partners had “left the country.” Farmer’s Joint Stock Bank-Toronto • In operation from 1834 – ca. 1854 • Had branch in Green Bay, Wisconsin • Wound up in the 1840s only to be reopened by parties who flooded both Canada and the U.S. with notes. La Banque Nationale – Quebec City • In operation from 1860-1925 • Merged, becoming part of Banque Canadienne Nationale (today, the National Bank of Canada) • “Habitant” pictured on left Eastern Townships Bank • In operation 1855 – 1912 • Merged into the Canadian Bank of Commerce in 1912 The Bank of Upper Canada - Toronto • In operation 1821 to 1866 • Failed in 1866 due to imprudent real estate loans • Heavy losses to depositors, stockholders, and noteholders • A scarcer, -
Reflections on the Canadian Payments Systems: from Manual Clearing to Electronic Funds Transfers
REFLECTIONS ON THE CANADIAN PAYMENTS SYSTEMS: FROM MANUAL CLEARING TO ELECTRONIC FUNDS TRANSFERS by ALISON L. KIRBY B.A., McGill University, 1981 LL.B., The University of Ottawa, 1987 A THESIS SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF LAWS in THE FACULTY OF GRADUATE STUDIES (Faculty of Law) We accept this thesis as conforming to the required standard THE UNIVERSITY OF BRITISH COLUMBIA December, 1996 , ©Alison L. Kirby, 1996 In presenting this thesis in partial fulfilment of the requirements for an advanced degree at the University of British Columbia, I agree that the Library shall make it freely available for reference and study. I further agree that permission for extensive copying of this thesis for scholarly purposes may be granted by the head of my department or by his or her representatives. It is understood that copying or publication of this thesis for financial gain shall not be allowed without my written permission. Department of re-cu- ej LCJ^> The University of British Columbia Vancouver, Canada Date \> DE-6 (2/88) 11 ABSTRACT The Canadian payments system encompasses not only those traditional systems which facilitate the processing of paper payment instructions through the Automated Clearing and Settlement System (ACSS) and or the Bank of Canada but those electronic funds transfer (EFT) systems which are capable of processing payment instructions in purely electronic form. Access to the payments system is a key element in the retail and financial services sectors' bid to remain competitive on both national and global scales. Moreover, a complete system of electronic payments will eventually reduce the need for credit cards and, to the extent that it increases the use of deposits for payment purposes, it will reduce the need for currency and cheques as well. -
Cibc Mortgage Penalty Calculator Canada
Cibc Mortgage Penalty Calculator Canada Quelled and sylvatic Odie rebuttons her Falk espying or repasts receptively. When Rock heap his diascope diversified not brassily enough, is Olle feline? Entomostracous Ruddie overweens his Nessus obturates braggartly. Prez securitization of credit score in your permission for depositing cash in canada mortgage due. Of whether simple IRD calculation and it results in very much larger penalty. End of its underwriting guidelines or mortgage calculator. Compare mortgage rates with other banks and lenders using our mortgage rate comparison down below. Be referenced with a Google search for Canadian mortgage penalties. Historically not calculate penalties paid early payment calculator canada mortgage penalty calculation remained outstanding mortgage payments if those described above are designed or consult with. Mortgage loans in a penalty fee will be very good credit into account before making them to afford to rbc ombudsman and create a calculator canada mortgage cibc penalty would apply. In this mortgage cibc penalty calculator canada mortgage loan, a term ends at loan are mandatory for a phase i signed in this report or liquidation value. The balloon mortgage balance in Canada is 170000 according to CAAMP. Regular interestholder will be contributed by cibc what penalty calculator and our community and thereafter. Of December 10th California Law requires that a 10 penalty be imposed on. It services including tables below for cibc mortgage penalty calculator canada service or at any penalty because this transaction as well as a new regulations. This transaction not be managed by certificateholders, canada mortgage provider under any reo property only as. The home and loan calculator helps homeowners determine the much of internal equity. -
OSC Bulletin
The Ontario Securities Commission OSC Bulletin February 22, 2018 Volume 41, Issue 8 (2018), 41 OSCB The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20) The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Thomson Reuters 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre – Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318 The OSC Bulletin is published weekly by Thomson Reuters Canada, under the authority of the Ontario Securities Commission. Thomson Reuters Canada offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to: http://www.westlawecarswell.com/SecuritiesSource/News/default.htm or call Thomson Reuters Canada Customer Support at 1-416-609-3800 (Toronto & International) or 1-800-387-5164 (Toll Free Canada & U.S.). Claims from bona fide subscribers for missing issues will be honoured by Thomson Reuters Canada up to one month from publication date. Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada. -
International Education Services York Region District School Board
International Education Services International Student Handbook York Region District School Board January 2019 York Region District School Board International Education Services 36 Regatta Ave., Richmond Hill, ON L4E 4R1 T 905.884.2046, ext 237 | F 905.773.2406 ------ www.vrdsb.ca/international [email protected] JL Seven Grandfather Teachings - Niizhwaaswi Gmishopmslnaan Kmoommgewman Wisdom -Nbwaakaawin To have wisdom is to know the difference between good and bad.and.to know the results of your actions. tlMB-Zmigidowin To truly love is to care for others unconditionally, knowing when people areweakis when they need it most Respect ~Md0$endimooWin To have honour for all of Creation. You mustgive respect.iff dtrwlshib: benespected.] Wavery-Aakide'ewib To be brave is to do something right even if you know it's going to hurt you. Honesty -Gwekwaadkiwm Always be honest Jp word and action, Be honest first with yourself and you will more easily be able to be honest with others. ~ Humility -Dibadendiziwin You are equal to others, but you are not better. W To learn the truth, to live with truth and to walk with truth,: to speak truth. I Q Yo* EFvVVtl Stlcy Scwfd 2012 Table of Contents Welcome Message from International Education Services (IES)..................................................... .....................................................................1 Conditions of Participation,,................................ 1 Before You Arrive.......................................................... 2 Enhance Use of English............................................................................................................................................. -
25372 CIBC Book 150 Years of Innovation Book
Strong MODERN Client Focused INNOVATIVE 150 YEARS Relationship-Oriented – A short story – BANK of the FUTURE Indigenous Peoples As we look back on the stories of our company, we must first honour Canada’s Indigenous Peoples, and acknowledge that Canada would not be the country it is today, flourishing from coast to coast to coast, without them. We must honour their languages, their spiritual traditions, their knowledge, and the dignity with which they have borne witness to the suffering they have experienced. The legacy of our collective past is now more fully understood, and we must respect and reimagine the sense of hope and possibility on which our country was founded. We look forward to writing the next chapter of our history together. 4 CIBC 150 Years • A short story CIBC 150 Years • A short story 5 150 Years Strong! Our bank has a rich history of helping people, businesses and communities in Canada and around the world grow and prosper. We are extraordinarily proud to mark this major milestone and build the bank of the future. 6 CIBC 150 Years • A short story CIBC 150 Years • A short story 7 Our Founders 1875 THE CANADIAN BANK OF COMMERCE IMPERIAL BANK OF CANADA Head office, Toronto 1867 Head office, Toronto 1875 HENRY STARK HOWLAND The Imperial Bank of Canada (Imperial) Having a different philosophy than opened in Toronto on March 18, 1875. McMaster, Howland had resigned from 1867 Its original premises were located at The Commerce because he believed the 18 Toronto Street, not far from The Commerce. rapid expansion of capital and branches Henry Stark Howland, originally from was too risky. -
Imperial Bank
IMPERIAL BANK FIFTY-THIRD A~UALREPORT PRESENTED TO THE SHAREHOLDERS NOVEXBER 23% 1927 Imperial Bank of Cana Head Office: Toronto Esfablished 1875 CAPITAL,AUTHORIZED . $IO,OOO,O~~.OO CAPITALPAID UP . j,ooo,ooo.oo RESERVE FWD . 7,500,008.04P Fifty-Third Annual Report 1927 Imperial Bank of Canada ESTABLISHED 1875 CAPITAL(AUTHORIZED) - - - - - - $10,000,000.00 CAPITAL(PAID UP) - - - - - - - - 7,000,000.00 RESERVEFUND- - - - - - - - - 7,500,000.00 DIRECTORS PELEG HOWLAND.. .......................................................PRESIDENT SIR JAMES WOODS. .................................................. .VICE-PRESIDENT SIR TAMES AIKINS, K.C. (Winnipeg) J. F. MICHIE FRANK A. ROLPH R. S. WALDl'E G. C. HEINlZMAN J. W. HOBBS WALTER C. LAIDLAW JOHN A. NORTHWAY HEAD OFFICE, TORONTO A. E. PHIPPS GENERALMANAGER G. D. BOULTOh, A&ISTANTGENERAL MANAGER H. T. JAFFRAY, ASSISTANTGENERAL MANAGER (WINNIPEG) R. S. CLARK, GENERALSUPERVISOR W. G. MORE. SECRETARYAND SUPERVISORS E.B. K.E. BOULTBEEHOWARD H. C. HOUSlON W. G. LAIRD INSPECTORS A. L. OGDEN W. BOURKE J. F. SCARTH J. MacLENNAN BRANCHES PROVINCE OF ONTARIO AMHERSTBURG. ............................C.A. CUDDY ............. AURORA. ...................................R. R. -- BELWOOD.. .................................G. Mc BOLT ON. ....................................C. C. CASE. ..................... a BRANTFORD.. .............................. I. K. JOHNSTON. .............. ' CALEDON EAST.. ........................... (Sub Branch to Bolton) COBALT. .................................... A. H. SEGUIN ..................