TORONTO, May 16, 2024
/CNW/ - CIBC announced today that it will be donating $50,000
to both the CIBC Foundation British Columbia Emergency Relief Fund
and CIBC Foundation Alberta Emergency Relief Fund to provide
support to those affected by the wildfires and evacuation efforts
in the area. Furthermore, donations received through these funds
will be used to provide continued assistance to local organizations
to promote relief and restoration efforts in the future.
"CIBC stands with our clients, our team and communities to
support the evacuation and relief efforts in British Columbia
and Alberta due to these destructive wildfires. During this
difficult time, our thoughts are with everyone who has been
impacted," said Chris Giulekas, Vice-President, Northern Canada, Personal Banking and Imperial
Service, CIBC.
In addition, for clients who are impacted across British Columbia and Alberta, CIBC is providing the following
financial relief, advice, and support:
- Re-amortizing mortgages to lower payments
- Special payment arrangements and deferrals on loans and lines
of credit
- Conversion of Aventura® points into cash payment for applicable
credit cards
- Debt consolidation for more manageable payments
To support those affected by the wildfires, donations can be
made through the CIBC Foundation British Columbia Emergency
Relief Fund and CIBC Foundation Alberta Emergency Relief
Fund.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets and Direct Financial
Services businesses, CIBC offers a full range of advice, solutions
and services through its leading digital banking network, and
locations across Canada, in the United States and
around the world. Ongoing news releases and more information about
CIBC can be found at www.cibc.com/ca/media-centre.
SOURCE CIBC