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CIBC receives Urban League Corporate Partner of the Year Award for dedication to serving St. Louis entrepreneurs

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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.

Positive
  • CIBC honored with Urban League Corporate Partner of the Year award.
  • Strong collaboration with Urban League since 2018.
  • Support for over 1,000 small business owners in St. Louis.
  • Empowerment of female entrepreneurs through educational programs.
  • Successful initiatives like 'Ready, Set, Launch' training program.
  • CIBC serves 14 million clients globally with a range of services.
Negative
  • No direct financial metrics indicating increased revenue or profitability from the partnership.
  • The award and partnership may not have a significant immediate impact on shareholder value.

CHICAGO, May 14, 2024 /PRNewswire/ - CIBC US today announced it has been recognized with the Urban League Corporate Partner of the Year award for its exceptional commitment to supporting entrepreneurs and its collaboration with the Urban League of Metropolitan St. Louis, Inc. Women's Business Center ("Urban League").

This award acknowledges CIBC's longstanding relationship with the Urban League, which began in 2018 when the organization merged with Grace Hill Settlement House. Since then, CIBC has been an active partner with the Urban League for the past four years, providing vital support and financial contributions to further the organization's mission.

"Our relationship with Urban League allows us to empower small business owners, particularly female entrepreneurs, through comprehensive support and educational programs," said Amy Yuhn, Head of US Personal and Community Development Banking at CIBC. "We are honored to be recognized for our work to ensure these entrepreneurs are ready to build and grow their businesses."

The Urban League of Metropolitan St. Louis, Inc. Women's Business Center (formerly Grace Hill Women's Business Center) plays a vital role in assisting small business owners in various aspects of business development. CIBC collaborates with the organization to further support early-stage small businesses and startups. Through initiatives like "Ready, Set, Launch" an entrepreneur training program, CIBC equips entrepreneurs with the essential skills and knowledge they need to succeed.

Over the past four years, CIBC's relationship with the Urban League has helped over 1,000 small business owners achieve their ambitions and create economic opportunities in their communities.

About CIBC

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. Visit us at cibc.com/US.

Member FDIC and Equal Housing Lender. Loans are subject to credit approval. The CIBC logo is a registered trademark of CIBC, used under license. Investment Products Offered are Not FDIC-Insured, May Lose Value and are Not Bank Guaranteed.

 

Cision View original content:https://www.prnewswire.com/news-releases/cibc-receives-urban-league-corporate-partner-of-the-year-award-for-dedication-to-serving-st-louis-entrepreneurs-302144391.html

SOURCE CIBC

FAQ

What award did CIBC receive in May 2024?

CIBC received the Urban League Corporate Partner of the Year award.

What is the significance of CIBC's partnership with the Urban League?

The partnership empowers small business owners, particularly female entrepreneurs, through financial support and educational programs.

How many small business owners has CIBC supported in St. Louis?

CIBC has supported over 1,000 small business owners in St. Louis.

What training program does CIBC offer for entrepreneurs?

CIBC offers the 'Ready, Set, Launch' training program for entrepreneurs.

When did CIBC start collaborating with the Urban League of Metropolitan St. Louis?

CIBC began its collaboration with the Urban League in 2018.

What services does CIBC offer in the United States?

CIBC offers commercial banking, private and personal banking, small business banking solutions, and investment management services.

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