TORONTO, July 6, 2024
/CNW/ - CIBC announced today that it will be joining its
Caribbean company, CIBC Caribbean,
in making an initial donation of $100,000 through CIBC Caribbean's ComTrust
Foundation to support hurricane relief efforts in Caribbean islands impacted by Hurricane
Beryl.
The Foundation, which is run by CIBC Caribbean, will also be
donating additional funds towards restoration efforts in St.
Vincent, Grenada and the
Grenadines, and Jamaica.
"The devastation caused by Hurricane Beryl has seen near
complete destruction of some communities and thousands of people
across the region are in urgent need of assistance," said
Mark St. Hill, Chief Executive
Officer, CIBC Caribbean and Chair of the ComTrust Foundation. "We
stand with our team members and affected communities in the
Caribbean as they navigate these
difficult circumstances, and join our clients in supporting
immediate recovery efforts."
CIBC Caribbean will also be extending special banking assistance
to any affected clients that reach out the Caribbean bank to aid in their recovery
efforts, added Mr. St. Hill.
To further support those impacted by Hurricane Beryl, donations
can be made to the CIBC Foundation Hurricane Beryl Relief Fund.
Funds raised will be used to provide immediate relief, support
recovery efforts, and resilience and preparedness activities for
future events.
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.
About CIBC Caribbean
CIBC Caribbean is a relationship
bank offering a full range of market leading financial services
through our Corporate Banking, Personal and Business Banking and
Wealth Management segments. We are located in twelve (12) countries
around the Caribbean, providing
the banking services through approximately 2,700 employees in 48
branches and offices. We are one of the largest regionally listed
financial services institutions in the English and Dutch speaking
Caribbean, with US$13 billion in assets and market capitalization
of US$1 billion. We also have a
representative office in Hong Kong
that provides business development and relationship management for
our fund administration. The face of banking is changing throughout
the world and CIBC Caribbean intends to lead these changes with the
expertise, integrity and knowledge gained from banking in the
Caribbean since 1836. CIBC
Caribbean is a member of the CIBC Group. CIBC is a leading
Canadian-based global financial institution with 11 million
personal banking and business clients. Through our three major
business units - Retail and Business Banking, Wealth Management and
Capital Markets - CIBC offers a full range of products and services
through its comprehensive electronic banking network, branches and
offices across Canada with offices
in the United States and around
the world. For more information about CIBC Caribbean, visit
www.cibcfcib.com , Facebook, Twitter , LinkedIn, Instagram or
YouTube.
SOURCE CIBC