TORONTO, Nov. 19, 2021 /CNW/ - CIBC announced today
it is donating $50,000 to support
disaster relief efforts in British
Columbia, following the devastation of this week's rainfall
and flooding which has displaced thousands and impacted the
province's infrastructure.
"The recent extreme weather conditions affecting BC have created
an immediate need for support, to help British Columbians as they
work through these difficult circumstances," said Stephen Forbes, Executive Vice-President,
Purpose, Brand, and Corporate Affairs, CIBC. "In addition to
providing funds for relief, our team is here to help clients
experiencing financial hardship."
The donation includes a $25,000
donation to United Way British Columbia Flood Appeal to directly
support communities, clients, and employees, and $25,000 to the BC Agriculture Council (BCAC), a
non-profit council agency supporting agricultural programs and
services as the province responds to the anticipated impact to the
province's agriculture sector.
In addition, CIBC is making available financial relief, advice,
and support to affected clients in British Columbia, including the following:
- Flexible CIBC credit card bill monthly payment options
- 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
CIBC is encouraging all clients impacted by these recent events
and in need of flexible financial arrangements to call
1-888-997-0929 to speak with a CIBC team member.
CIBC invites Canadians to support their fellow citizens in
distress by donating to United Way British Columbia Flood Appeal.
Money raised will enable United Way BC to provide immediate and
ongoing support to residents and communities as they respond and
recover physically and emotionally from the devastation of these
floods.
About CIBC
CIBC is a leading North American financial institution with 10
million personal banking, business, public sector and institutional
clients. Across Personal and Small Business Banking, Commercial
Banking and Wealth Management, and Capital Markets 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