TORONTO, July 25,
2024 /CNW/ - CIBC announced today that it will be
donating $50,000 to the CIBC Foundation Alberta Emergency
Relief Fund to provide immediate and long-term support to those
affected by the wildfire impacting Jasper
National Park and the surrounding town, along with
evacuation efforts in the area.
"CIBC joins our clients, our team members and communities to
support Albertans as they navigate these devastating
wildfires. At this trying time, our thoughts are with everyone who
has been impacted," said Chris Giulekas, Vice-President,
Northern Canada, Personal Banking,
CIBC.
In addition, for clients who are impacted in 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 further support those affected by the wildfires, donations
can be made through the CIBC Foundation Alberta Emergency Relief
Fund. Donations received through this fund will be used to
provide assistance to local organizations to promote immediate
relief and provide long-term assistance for recovery in the
area.
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