CIBC 750 Lawrence
CIBC 750 Lawrence is a two-tower office complex in Toronto, Canada, built in the early 1980s. It is part of Canadian Imperial Bank of Commerce's head office operations outside of Commerce Court and the main head quarters of CIBC Credit Card Services, including Visa call centres and Visa operations. Employees in Visa are members of the Steel Workers Union in Toronto, USW Local 8300; the union represents those workers who used to be called the Union of Bank Employees Local 2104. The Visa call centre at 750 is now the only unionized department in CIBC, but at the time of the strike in 1986, the Commerce Court Mail Room, Stationery Department, Mortgage Department, a few branches in downtown Toronto, the Internal Mail Courier Trucks that transported correspondences within the greater Toronto area were unionized. Although the Stationery Department, Mortgage Department and the branches did not take part in the strike, they supported the workers. During negotiations with CIBC, the Mortgage Department broke away from the union and never joined again.
750 Lawrence consists of two buildings, one six stories and the other, ten stories, built by Toronto-based firm Bregman + Hamann Architects in 1981. B+H is the same firm involved in renovations in 2001. Though CIBC sold most of its buildings, including Commerce Court, in the late 1990s, 750 Lawrence continues to be owned by CIBC, is managed by Brookfield Global Integrated Solutions for CIBC, it is located in Lawrence Heights across the street from Lawrence Square Shopping Centre and a short walk to Lawrence West subway station. When 750 Lawrence opened in 1981, it housed CIBC Mortgage Department which took up three floors in the West Tower, CIBC Marketing which took up two floors in the East Tower and one floor in the West, several smaller departments, CIBC Dealer Plan department. Dealer Plan had a small parking lot where small trucks were kept; that parking lot is now known as the Contractors' parking lot today. 750 Lawrence used to be a much smaller building. The west wall of the West Tower was damaged in 2001 by a large fire at a housing development located directly to the west at 760 Lawrence.
Every window on that west wall was broken except one. Until 2001, 750 Lawrence housed an internal branch for employees; the branch was a sub-unit of the head office branch at Commerce Court West and shared the same transit number, 0002. Though this branch has closed, the building itself maintains the same transit number; the space occupied by this branch was renovated in 2001 to be an employee lounge and six conference rooms and four Visa Training rooms. In 2014, CIBC installed 4 new banking machines in the West main floor. Two of those machines were among the first CIBC machines to offer an envelope-free deposit service, where the machine scans your bill deposit and counts it. Between the two wings is used for staff events. Besides CIBC, the following retailers and/or tenants operate in the building: Gateway Newstands Tim Hortons Aramark Brookfield Global Intgrated Solutions BGIS Clean Team Manpower G4S internal security for the entire complex and garage - replaced Garda in September 2015 Standard Parking - in 2001 the garage complex was outsourced to Standard Parking, since CIBC Employees have had to pay for parking at $25 a month.
GBIS made extensive renovations to the garage structure and surrounding parking lots
Canadian Imperial Bank of Commerce
The Canadian Imperial Bank of Commerce referred to as CIBC, is one of the "Big Five" banks in Canada. The bank is headquartered at Commerce Court in Ontario. CIBC's Institution Number is 010, its SWIFT code is CIBCCATT, it is one of the two major banks founded in Toronto alongside Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger between chartered banks in Canadian history; the bank has four strategic business units: Canadian Personal and Small Business Banking, Canadian Commercial Banking and Wealth Management, U. S. Commercial Banking and Wealth Management, Capital Markets, it has international operations in the United States, the Caribbean and Europe. Globally, CIBC serves more than eleven million clients, has over 40,000 employees; the company ranks at number 172 on the Forbes Global 2000 listing. In 2012, CIBC was named the strongest bank in North America and the 3rd strongest bank in the world by Bloomberg Markets magazine.
William McMaster founded the Canadian Bank of Commerce which opened on May 15, 1867, in Toronto as competition for the Bank of Montreal. The Imperial Bank of Canada opened in Toronto on March 18, 1875, founded by former Commerce Vice-president Henry Stark Howland. By the end of 1895, the Canadian Bank of Commerce had grown to 58 branches and the Imperial Bank of Canada to 18; the 1896 gold strike in the Yukon prompted the Dominion Government to ask the Canadian Bank of Commerce to open a branch in Dawson City. Acquisitions in the 1920s caused the Commerce Bank to become one of the strongest branch networks in Canada with over 700 local branches. Wood, Gundy & Company, the precursor of CIBC's investment banking arm, opened its doors on February 1, 1905. During World War I, it took a active role in the organization of Victory Loans; the Canadian Bank of Commerce opened its new head office in Toronto in 1931. An observation gallery on the 32nd floor attracted visitors who could get an aerial view of the city.
In 1936, the Commerce was the first Canadian bank to establish a personal loans department. Following World War II, both banks opened new branches. Although the banks had been barred from the mortgage business since 1871, the Canadian government now called upon them to provide mortgage services. So, in 1954, Canadian banks started offering mortgages for new construction. In 1960, Imperial chairman Stuart Mackersy approached Neil McKinnon, the president of the Commerce, with a proposal to merge the two banks; this followed a decade of expansion in the Canadian economy and Canada's capitalization of the industrialization of its natural resources. They reached a deal between the two banks. On June 1, 1961, the Canadian Bank of Commerce and the Imperial Bank of Canada merged to form the Canadian Imperial Bank of Commerce with over 1,200 branches across Canada; the new bank possessed the most branches of any bank in the country. In 1964, the bank operated a floating branch using the passenger vessel MV Jean Brilliant along the north shore of the St. Lawrence River in Quebec, billed as the only floating branch in Canada for 5000 customers.
Following the merger, the new bank commissioned a new head office. While planning to retain Commerce Court North, the bank hired architect I. M. Pei to design a three-building complex; the result was Commerce Court consisting of a landscaped courtyard complementing the existing building and included the newly built 786 ft Commerce Court West. When completed in 1973, the 57-storey building was the tallest in Canada, the largest stainless-steel-clad building in the world. In 1967, both Canada and CIBC celebrated their centenaries and CIBC was the only chartered bank to have a branch on-site at Expo 67. At this time computerization began to change banking services and the Yonge and Bloor branch in Toronto was the first Canadian bank branch to update customer bank books via computer; this marked the introduction of inter-branch banking. Before the decade was out, CIBC had introduced the first 24-hour cash dispenser, which would become the ATM. Changes to federal and provincial regulations ending the separation of banks, investment dealers, trust companies and insurance companies came in 1987.
CIBC took advantage of this and became the first Canadian bank to operate an investment dealer, CIBC Securities, offering services to the public. In 1988, CIBC acquired a majority interest in Wood Gundy which brought a well-respected name and reputation in underwriting. Shortly thereafter, the corporation merged Wood Gundy and CIBC Securities under the name CIBC Wood Gundy which became CIBC Oppenheimer in 1997 and CIBC World Markets. In 1992, CIBC introduced automated telephone banking. In 1998, CIBC joined with Loblaws to create President's Choice Financial which it launched in 28 Ottawa area stores. CIBC agreed to merge with the Toronto-Dominion Bank in 1998; however the Government of Canada, at the recommendation of Finance Minister Paul Martin, blocked the merger – as well as another proposed by the Bank of Montreal with the Royal Bank of Canada – as not in the best interest of Canadians. CIBC sold its corporate and purchasing credit card business to U. S. Bank Canada in October 2006 which joined it with business charge cards it acquired from Royal Bank of Canada.
In 2006, the stock ticker symbol on the New York S
Commerce Court is a complex of four office buildings on King and Bay Streets in the financial district of Toronto, Canada, The primary tenant is the Canadian Imperial Bank of Commerce which has its headquarters in the building. The buildings are a mix of Art Deco and early Modernism architectural styles; the first building, now known as Commerce Court North, was opened in 1931 as the headquarters of the Canadian Bank of Commerce, a precursor bank to the current main tenant. The building was the site of Toronto's first Wesleyan Methodist Church, a small wood chapel surrounded by woods from 1818 to 1831 as Theatre Royal from 1833 onwards. From 1887 to 1927 it was home to a seven storey head office of the Canadian Bank of Commerce, demolished to make way for Commerce Court North; the Canadian Bank of Commerce head office was designed by the American bank specialists York and Sawyer with the notable Canadian firm Darling and Pearson as the local architects of record. Structural engineering was provided by Hertzberg.
The 34-storey limestone clad tower was the tallest building in the British Empire/Commonwealth for three decades, until 1962. At the time of its construction, the building was one of the most opulent corporate headquarters in Canada, featured a public observation deck. In 1972, three other buildings were erected, thus creating the Commerce Court complex: glass and stainless steel glass curtain wall International Style Commerce Court West designed by Pei Cobb Freed & Partners with Page and Steele, Commerce Court West 57 was an observation floor. Commerce Court East and Commerce Court South are glass and applied masonry structures by Pei Cobb Freed & Partners with Page and Steele in 1972. In 1994, Zeidler Partnership Architects was commissioned to renovate the Commerce Court urban plaza, the banking area at the base of Commerce Court West, the below-grade retail area. There are 65 retails shops in the plaza below the complex; the Canadian Imperial Bank of Commerce sold the complex in April, 2000, now managed by GWL Realty Advisors, but the head office of the bank remains the anchor tenant.
On Wednesday, January 9, 2008, a portion of a CIBC sign at the top of the Commerce Court West building blew off as a result of wind gusts. Police cordoned off the area as a precaution; as a result, Bay St. from Front to Richmond and King St. from York to Yonge were shut down. Toronto Transit Commission service was diverted; this took place eight months after a piece of white marble panel fell from the 60th storey of the First Canadian Place building, ten months after layers of ice fell from the CN Tower. Surrounding the Commerce Court complex of buildings is a plaza featuring a fountain in its centre, a three piece bronze sculpture by Derrick Stephan Hudson entitled, Mother of Elephants completed in 2002; the sculptures were installed on site in 2005 on loan from the L. L. Odette Foundation of Windsor, Ontario. In popular culture, the plaza was used as a stand-in for Wall Street in a pair of Kids in the Hall sketches featuring Mr. Tyzik, the Headcrusher. Canadian Imperial Bank of Commerce B2B Bank Blake, Cassels & Graydon LLP Deutsche Bank Guardian Capital Group Stikeman Elliott LLPCIBC has announced plans to relocate its headquarters from Commerce Court to CIBC Square, beginning in 2020, in a move which will consolidate staff from various other CIBC offices from the Toronto area.
However, the bank intends to maintain a presence at Commerce Court. Canadian Bankers Association Ricoh CIBC Wood Gundy Mackie Research Capital Corporation Waterton Global Resource Management List of tallest buildings in Toronto List of tallest buildings in Canada Tour CIBC Old Canadian Bank of Commerce Building, Montreal Commerce Place I and Commerce Place II in Hamilton, Ontario Commerce Court official website
CIBC Tower is a 187 m forty-five-storey skyscraper in Montreal, Quebec. With the communications antenna on the roof, the total height is 225 m; the International Style office tower was built by Peter Dickinson, with associate architects Ross, Fish and Barrett, was the city's tallest building from 1962 to 1963. The building holds offices for the Canadian Imperial Bank of Commerce, the corporate law firm Stikeman Elliott, as well as numerous other businesses; the building is located at 1155 René Lévesque Boulevard West next to Dorchester Square facing the imposing but dwarfed Sun Life Building. Part of the fire-damaged Windsor Hotel was demolished to make room for construction, with the remaining portion being converted to offices in the 1980s; the project was initiated by the Canadian Bank of Commerce and announced in 1959. While the building was under construction, the Bank of Commerce merged with the Imperial Bank of Canada to form the Canadian Imperial Bank of Commerce, effective June 1, 1961.
The Imperial Bank abandoned its concurrent plan for a new head office at 612 McGill Street. Completed in 1962 only a few months before Place Ville-Marie, the CIBC Tower was the tallest building in Canada and the entire Commonwealth of Nations when it was first built, until being surpassed that year by Place Ville-Marie where a penthouse was added by the competing Royal Bank for that express purpose; the Consulate of Israel was on the 26th floor of the building and as such, it was sometimes the site of demonstrations related to the Israeli–Palestinian conflict. The consulate has since relocated to Westmount Square in Westmount; the tower is exceptionally slender with only 1,400 m2 of gross floor area per floor, because of a zoning regulation limiting the total building floor area to twelve times the property area. Its façade is more ornamental than that of the average International style tower, with horizontal strips of glass curtain wall alternating with spandrels of various types of stone, including green slate, quarried in Wales.
The building was renovated in 1991, the visible CIBC logo at the top was redesigned in 2004 and again in 2013. Inside, levels 15 and 29 are transfer floors. Levels 42-44 are mechanical floors; the top 7 m of the tower are an open-air raised partition, built sometime after construction, that hides the rooftop elevator control rooms. Without this extra structure, the actual roof height is 184 m, 187 m when counting the elevator penthouse, it is the fifth tallest building in Montreal, but an antenna raises the total height to 250 m, the tallest pinnacle in Montreal. French-language radio station CKOI-FM transmits its 307,000 watt signal atop that building. Canadian Imperial Bank of Commerce Euler Hermes Macquarie Group Russell Investments Stikeman Elliott LLP Vilaron Corporation Linkeo.com MNP LLP ACE Aviation Holdings List of tallest buildings in Montreal Old Royal Bank Building, Montreal Molson Bank Building, Montreal Bank of Montreal Head Office, Montreal Old Canadian Bank of Commerce Building, Montreal Commerce Court, Toronto Commerce Place I and Commerce Place II Official website