CIBC Mt. Greenwood Branch to Close in January 2026
The CIBC Banking Center in Mt. Greenwood is preparing to shut its doors early next year, marking the end of an era for a neighborhood that has counted on the branch for more than a decade. The closure has been scheduled for Friday, January 16, 2026, according to officials from CIBC, and it will affect the location at 3040 West 111th Street.
This decision is not coming out of nowhere. CIBC has been re-evaluating how it serves customers, and in recent years the trend toward online and mobile banking has reshaped how people interact with their financial institutions. Rob Weiss, the senior director of communications for CIBC’s U.S. region, explained that the bank regularly reviews operations to align with client needs. With so many people now relying more on digital services than physical visits, the Mt. Greenwood branch will be closing.
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That doesn’t mean the bank is stepping back from the community entirely. Weiss emphasized that CIBC intends to remain active locally, pointing to programs tied to the Community Reinvestment Act and ongoing support for neighborhood events and organizations. Residents may remember the bank’s role as a presenting sponsor of the Beverly Hills Turkey Trot since 2009, a tradition many families look forward to each Thanksgiving season.
Still, the news highlights a significant reduction in CIBC’s physical presence in Illinois. At present, the bank operates 13 branches across the state. But once this round of closures takes effect, only five locations will remain. Those will include three branches in Chicago—on LaSalle Street, Kedzie Avenue, and Pershing Road—along with sites in Lincolnwood and Worth. For many in Mt. Greenwood, the Worth branch at 6825 West 111th Street will become the nearest option.
It is worth noting that the Mt. Greenwood branch only moved into its current facility in October 2020, after first opening in the neighborhood back in 2009. The relatively short lifespan of the updated site underscores just how quickly the banking industry has been transformed by technology and shifting customer habits.
For local residents, the closure may feel like a loss, not just of convenience but of a familiar fixture in the community. A branch where people went to open accounts, secure loans, or simply speak face-to-face with a teller is being phased out in favor of a digital-first future. While banking may be easier in some ways, especially with apps and online platforms available around the clock, the personal connections built at neighborhood branches are harder to replicate.
As January approaches, clients will be adjusting to the change. And while the branch itself will no longer be there, CIBC’s message is clear: the bank wants its ties to the community to remain strong, even if those ties are less about brick-and-mortar banking and more about continued engagement in neighborhood life.
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