Larry D. Richman is Senior Executive Vice President, Group Head, CIBC U.S. Region, and President and Chief Executive Officer of CIBC Bank USA. Richman oversees CIBC’s expanding U.S. businesses, including middle market commercial banking, wealth management, private banking and retail and digital banking.
Richman joined CIBC following its June 2017 acquisition of The PrivateBank, where he served as President and CEO. He joined The PrivateBank in November 2007 to drive its strategic transformation into a leading middle market commercial bank, growing from $4 billion in assets in 2007 to over $20 billion in 2017.
He has over 30 years in banking and spent the majority of his career with LaSalle Bank in Chicago, where he rose to President and Chief Executive Officer of LaSalle Bank N.A., and President of LaSalle Bank Midwest. He began his career at American National Bank and joined Exchange National Bank of Chicago in 1981 until its acquisition by LaSalle.
He is on the Dean’s Advisory Council at Indiana University’s Kelley School of Business, where he earned his MBA. He was inducted into the Academy of Alumni Fellows for the Kelley School of Business in 2006. He is a past Trustee of Bradley University in Peoria, Illinois, where he earned his bachelor’s degree. Richman was inducted into Bradley’s Centurion Society for distinguished alumni in 2017. He also holds an advanced certificate from Stanford University in credit and financial management and is a Lifetime Advisory Board member at Northwestern University’s Kellogg School of Management.
Richman is very active in many civic, philanthropic and governance activities. He serves on the boards of Northwestern Memorial Hospital, Big Shoulders Fund, Chicago Urban League, Museum of Science and Industry, Western Golf Association and the Executives’ Club of Chicago. He is a member of the Financial Services Roundtable, the Commercial Club of Chicago and its Civic Committee, the Bankers Club of Chicago, and is a member of the Economic Club of Chicago and a past member of its Board of Directors. In 2012, he was appointed to the Board of World Business Chicago, which was created by Mayor Rahm Emanuel to promote the benefits of doing business in the Chicago area to business peers worldwide.
Richman has received a number of civic and charitable awards. Among them, he received the American Diabetes Association’s Father of the Year Award, the Humanitarian Award from the Illinois Holocaust Museum & Education Center and the Spirit of Erikson Institute Award. He also received the Civic Achievement Award from the American Jewish Committee.
He and his wife, Corky, have four grown children and six grandchildren.