Canadian Imperial Bank of Commerce - CM STOCK NEWS

CIBC has renewed its partnership with the Chicago Blackhawks for five more years through the 2028-2029 season, extending their 15-year relationship. The partnership includes the introduction of the CIBC Platinum Club for glass-level members at United Center games, offering enhanced fan experiences and arena branding. CIBC will continue as the presenting sponsor for Hockey Fights Cancer initiatives with an annual $20,000 donation. The collaboration also includes participation in CIBC's Miracle Day, supporting kids in need, demonstrating both organizations' commitment to community impact.

CIBC has announced a donation of US$100,000 to the American Red Cross to support Hurricane Milton relief efforts. This donation is in addition to a previous US$100,000 contribution made earlier this month for Hurricane Helene relief. Shawn Beber, Senior Executive Vice-President and Group Head of CIBC US Region, and President and CEO of CIBC Bank USA, expressed solidarity with affected Florida communities. CIBC encourages individuals and companies to donate to the American Red Cross to support ongoing disaster relief activities.

CIBC has announced a US$100,000 donation to the American Red Cross to support Hurricane Helene relief efforts. Shawn Beber, Senior Executive Vice-President and Group Head, CIBC US Region and President and CEO, CIBC Bank USA, expressed solidarity with clients and team members across North America in supporting those impacted by the hurricane.

The bank is encouraging individuals and companies to contribute to the American Red Cross for ongoing disaster relief efforts. Funds raised will enable the Red Cross to provide immediate and ongoing relief activities in response to the widespread disaster caused by Hurricane Helene.

CIBC US has announced that its CIBC Agility™ Certificate of Deposit (CD) has been named 'Best Short-Term CD' in the 2024 Smart Money Awards by REAL SIMPLE. This recognition underscores CIBC's commitment to offering innovative financial products that address clients' evolving needs. The CIBC Agility CD combines competitive interest rates with flexible terms, ranging from 9 to 30 months, allowing clients to choose a duration that aligns with their financial goals. Dan Sullivan, Jr., head of Private and Personal Banking at CIBC US, emphasized that the product is designed to help Americans save for their future while providing peace of mind.

CIBC US has been awarded the Bronze US President's Volunteer Service Award from Junior Achievement for the 2022-2023 school year. This is the second consecutive year CIBC has received this accolade, which honors organizations and individuals contributing over 1,500 volunteer hours. The award, announced in Washington, D.C., recognizes CIBC's commitment to volunteer services aimed at empowering young people.

Kristen Freund, managing director at CIBC, highlighted the bank's dedication to community service, emphasizing their efforts to provide financial literacy and work readiness education to students. Over the past 11 years, more than 3,300 CIBC professionals have volunteered, impacting over 25,000 students.

CIBC is a major North American financial institution serving 14 million clients with a broad range of banking and wealth management services. The company continues to prioritize community engagement and volunteerism as part of its broader mission.

CIBC Innovation Banking has led a senior syndicated debt commitment for Yipit, a New York-based alternative data insights provider. The debt facility aims to support YipitData's growth and leadership in the alternative data sector. YipitData analyzes billions of data points daily, offering insights on over 2,000 companies to investment funds and large corporations. This new facility replaces an existing credit arrangement, reducing borrowing costs and providing greater financial flexibility. YipitData's existing investors include Carlyle and Norwest Venture Partners.

CIBC US has been named Corporate Partner of the Year by The Housing Partnership for its dedication to affordable housing. This recognition, awarded for the second time, highlights CIBC's commitment to providing homebuyer education, counseling, and down payment assistance to low- and moderate-income families.

Through its partnership, CIBC has significantly impacted many families by offering essential resources to navigate the homebuying process, including critical home improvement products and services.

Steve Bahru, a senior community lender at CIBC, has been instrumental in this success, conducting financial literacy and homebuyer seminars for over a decade.

This award underscores CIBC's mission to ensure everyone has a secure place to call home.

CIBC US has been honored with the Urban League Corporate Partner of the Year award for its dedication to supporting entrepreneurs in St. Louis. The award recognizes CIBC's collaboration with the Urban League of Metropolitan St. Louis, Inc. Women's Business Center, a partnership that began in 2018. CIBC has provided financial support and educational programs, such as the 'Ready, Set, Launch' training initiative, to empower over 1,000 small business owners, particularly female entrepreneurs. Amy Yuhn, Head of US Personal and Community Development Banking at CIBC, emphasized the importance of enabling small businesses to grow and succeed. CIBC serves 14 million clients globally and offers a range of banking and wealth management services in the US and Canada.

CIBC announced an amendment to its CARDS II securitization program, allowing revenue from Mastercard credit card accounts to be included in addition to Visa credit card accounts. This change offers more flexibility to the program and enhances diversification. The securities issued by CARDS II Trust have not been registered under the U.S. Securities Act of 1933. CIBC is a prominent North American financial institution serving millions of clients across various sectors.