CHICAGO, JULY 24, 2024 — CIBC US today announced the launch of its new Specialty Deposits group. This group is dedicated to providing tailored banking services to meet the unique financial objectives and strategic goals of real estate industry professionals. The launch of this new business adds to CIBC’s comprehensive financial solutions and aligns with their broader deposit strategy.
“At CIBC, we understand that every client is unique, and our goal is to provide them with personalized service that address their specific requirements,” said Jackie Barlow, President, U.S. Commercial Real Estate Banking at CIBC Bank USA. “Our Specialty Deposits group is uniquely positioned to help real estate industry professionals effectively manage large deposits with comprehensive financial solutions.”
The Specialty Deposits group assists clients with specific banking needs, including managing substantial numbers of accounts, high transaction volumes and navigating regulatory requirements. They focus on serving clients in various segments, including property management companies, 1031 exchange qualified intermediaries and Commercial Real Estate-focused escrow administrators.
“By focusing exclusively on the needs of these clients we are able to offer specialized financial solutions that are tailored to the unique challenges and opportunities of this market,” said Jake Noble, Managing Director and Market Lead.
In addition to the new Specialty Deposits group, CIBC offers a comprehensive range of products and services, showcasing its commitment to meeting the diverse needs of their clients. Their offerings include lending solutions such as lines of credit, property-level and construction financing, loan syndications and interest rate derivatives. The bank also provides liquidity solutions, depository and treasury management services to streamline operations, reduce costs and mitigate cybersecurity threats.