Private Banking Solutions
Tailored Strategies for Every Step of Your Life
Through our collaboration with CIBC Bank USA, our clients now have access to a full complement of private banking solutions. CIBC's private banking team has deep expertise in developing sophisticated lending and deposit strategies to meet the needs of affluent clients.
As our relationship managers and wealth strategists develop a holistic wealth plan to complete your financial picture, they will consider a broad range of strategies, including private banking solutions with the following potential benefits:
Marketable Secured Lines of Credit
Establish liquidity lines of credit secured by an investment portfolio to provide flexible, efficient access to capital; typically can be set up with no up-front fee and only carries an interest charge against the drawn amount
Provide access to liquidity for either planned purchases or unforeseen, opportunistic events, allowing clients to carry less cash on their personal balance sheets and avoid unplanned liquidations of portions of their investment portfolio.
Leverage the expertise of experienced private bankers to secure a range of customized lending solutions, whether borrowing needs are straight-forward or complex
Provides financing for the purchase of an airplane, yacht, art collection, or commercial real estate; leverages illiquid assets such as business interests.
Residential Real Estate
Secure fixed and adjustable rate mortgages, Home Equity Lines of Credit (HELOC) and Home Equity Loans (HELO)
Offers financing of primary residence or vacation properties, access to a floating rate line of credit secured by a home with a Home Equity Line of Credit (HELOC), or the ability to lock in a fixed interest rate and a preset amortization schedule with a Home Equity Loan (HELO).
Manage both your personal and business liquidity needs with consumer checking and savings accounts and certificates of deposit (CDs), as well as business checking accounts and treasury management
Earn an attractive interest rate on cash with convenient and flexible online and mobile banking, including remote deposit capture for checks (via phone). No charge for ATM use and rebates for external ATM fees of up to $50/month available depending on account balances.
Serving Financial Needs
The private banking solutions offered by CIBC Bank USA can help serve our clients' financial needs in the following ways:
Marketable Secured Lines of Credit
- Pay tax obligations
- Facilitate the down payment on a new home while waiting to sell an existing home or finance into a longer-term solution
- Secure a commercial mortgage to refinance an income-producing property held in an LLC
- Establish custom lines of credit to finance the purchase of private company stock as part of a corporate recapitalization
Residential Real Estate
- Finance purchase of new homes, primary or secondary
- Fund remodel projects and related opportunities
- Help rising generation family members purchase their first home and build a strong credit rating
- Earn interest on proceeds from a liquidity event while an investment strategy is established and executed
- Set up accounts for rising generation family members as part of teaching financial stewardship
- Open business checking accounts and establish treasury management for family office needs
Daniel E. Sullivan, Jr.
Head of Private Banking, CIBC Bank USA
"What I enjoy most about banking is working with individuals and families every day to provide options that make their lives easier. Whether we’re helping someone secure a mortgage to purchase a new home or establish a line of credit to take advantage of an opportunity in the marketplace, the ability to efficiently deliver creative, high-quality solutions is a critical component of our approach to wealth management. Of course, our focus is not only on delivering these solutions, but also on developing the client relationship—that’s what differentiates us from others in the industry, and what makes our business so rewarding."
You Just Sold Your Business—Now What?
A “liquidity event” is a common occurrence—but was a very abstract concept for clients until they sold their business for $50 million. That "liquidity" had to go somewhere, while an investment strategy was developed and implemented. Since there was no rush to make decisions, the sale’s proceeds went into a money market account at CIBC Bank USA until the funds could be invested. "Because of the size of the portfolio, these clients were also able to open a $20 million marketable secured line of credit to use as a bridge for tax payments," says Steve Gilland, managing director and national private banking practice lead for CIBC Bank USA. "Other clients have used marketable secured lines to purchase and renovate incomeproducing rental property and to purchase art. A marketable secured line is among the least expensive sources of credit. In addition, drawing on a line of credit can help prevent unfavorable tax consequences from securities liquidation and give our clients flexibility to make a longer-term decision."
More Than Just a Roof Over Her Head
Securing a traditional mortgage for a long-time client with an investment portfolio should be relatively easy. But one new client left her former wealth management firm because it would not transition her construction loan, on a rental property being renovated, into a traditional mortgage, despite prior assurances from the firm that it would. She had a complex financial profile—specifically, her debt-to-income ratio—because she was retired. Looking for a long-term relationship that offered investment management and trust services, she said the mortgage was the tipping point that brought her to CIBC Bank USA. Given the scope of the new relationship and the liquid assets on her balance sheet, CIBC Bank USA was quickly able to get credit approval on the mortgage. For other clients, HELOCs and HELOs provide liquidity secured by a typically appreciating asset, often to purchase a second home or to finance a major remodel.
CIBC At a Glance
CIBC Atlantic Trust is a division of CIBC, a 150-year-old Toronto-based global financial institution. Our affiliate, CIBC Bank USA, was founded in 1991 as The PrivateBank and joined CIBC in 2017. Together, we are dedicated to delivering exceptional performance and service with an ongoing focus on you and your best interests.
- High-quality, middle-market commercial bank
- Headquartered in Chicago
- ~1,300 employees
- 46 offices in 18 states
- Founded in 1867
- ~46,000 employees
- Recognized in 2016 as one of the top 10 safest banks in North America by Global Finance Magazine
Private banking solutions are offered through our affiliate, CIBC Bank USA, Member FDIC and Equal Housing Lender. CIBC Bank USA and CIBC Atlantic Trust are both indirect, wholly owned subsidiaries of CIBC. CIBC Atlantic Trust does not provide, and is not responsible for, the products and services offered by CIBC Bank USA. CIBC Bank USA (Bank) will not pay CIBC Atlantic Trust employees for referring clients to Bank, but to the extent permitted by applicable laws and regulations, the referral of clients to Bank for eligible products or services may be considered by CIBC Atlantic Trust in determining discretionary compensation to employees. Loans subject to credit approval.
Investment products offered are Not FDIC-Insured, May Lose Value and are Not Bank Guaranteed.
CIBC placed 8 of 10 banks ranked in Global Finance magazine’s “Safest Banks in North America” list, published September 29, 2016. Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.
If your assets are custodied with Atlantic Trust, please select the internal custody version of Atlantic Trust Portfolio Online to view your portfolio information.
If your assets are custodied with an external custodian, such as Schwab, Fidelity or The Bank of New York, you may access the external version of Atlantic Trust Portfolio Online.
Sponsored Funds Investors:
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