TORONTO, Oct. 23, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is lowering its Canadian prime lending rate by 50 basis points from 6.45 per cent to 5.95 per cent, effective Thursday, October 24, 2024.

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, 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.

Sponsorship to introduce the CIBC Platinum Club to elevate the glass-level fan experience; Build on community impact initiatives

CHICAGO, Oct. 23, 2024 /PRNewswire/ - CIBC is pleased to announce the renewal of its partnership with the Chicago Blackhawks, signing a five-year extension that will continue through the 2028-2029 season. This partnership, which originated in the 2009-2010 season, underscores the bank's unwavering commitment to both the Blackhawks and the Chicago community.

As part of the multi-year deal, CIBC and the Chicago Blackhawks will introduce the CIBC Platinum Club for glass-level members at United Center home games, offering special access and amenities that will enhance their fan experience. In addition to the new CIBC Platinum Club, the sponsorship includes distinct branding and marketing assets throughout the arena.   

CIBC's mobile platform rated best consumer banking mobile experience for the 7th time in the past 8 years

TORONTO, Oct. 11, 2024 /CNW/ - CIBC has won the 2024 Mobile Banking Award by Surviscor Inc., a North American firm specializing in the analysis and ranking of Canadian digital customer experiences. CIBC ranks the highest among mobile banking apps offered by Canada's big banks. "Being recognized as the highest ranked mobile banking app by Surviscor Inc. for the 7th time speaks to our team's commitment to our clients and their mobile banking experience," said Michael Clabby, Executive Vice-President, Head of Digital, Data and Strategy, CIBC. "We're committed to continuously finding ways to add value to our clients who choose mobile to help them stay on top of their everyday banking and stay connected to their financial goals."The Surviscor Canadian Mobile Banking Experience Review audits 23 Canadian digital banking firms including Canada's big banks, leading credit unions, popular neo (branchless) banks, and other firms that identify as a bank or a co-operative movement, each offering a banking platform designed to be used on a phone. The digital platforms are evaluated over five experience categories (pre-login, user experience, account information, transactional and mobile resources), using over 300 individual usage criteria and based on over 2700 objective questions per firm.

TORONTO and CHICAGO, Oct. 10, 2024 /PRNewswire/ - CIBC today announced it is donating US$100,000 to the American Red Cross to support Hurricane Milton relief efforts. This is in addition to the US$100,000 that was donated earlier this month to support those impacted by Hurricane Helene.

"We join our clients and team members across North America in supporting efforts to help those impacted by Hurricane Milton," said Shawn Beber, Senior Executive Vice-President and Group Head, CIBC US Region and President and CEO, CIBC Bank USA. "Our thoughts are with the Florida communities that have been affected by this disaster."

TORONTO and CHICAGO, Oct. 10, 2024 /CNW/ - CIBC today announced it is donating US$100,000 to the American Red Cross to support Hurricane Milton relief efforts. This is in addition to the US$100,000 that was donated earlier this month to support those impacted by Hurricane Helene.

"We join our clients and team members across North America in supporting efforts to help those impacted by Hurricane Milton," said Shawn Beber, Senior Executive Vice-President and Group Head, CIBC US Region and President and CEO, CIBC Bank USA. "Our thoughts are with the Florida communities that have been affected by this disaster."

TORONTO, Oct. 8, 2024 /CNW/ - The 33rd annual Canadian Cancer Society CIBC Run for the Cure took place on October 6, bringing together 55,000 participants and volunteers, including 13,000 Team CIBC members who laced up their shoes at 53 Run sites from coast-to-coast-to-coast. This year, over $15M was raised, including $2.5M by Team CIBC. The funds raised will continue to be invested in ground-breaking breast cancer research and compassionate support programs to improve treatment, prevention, detection, diagnosis, wellness and survivorship and ensure those living with breast cancer live longer, fuller lives.

TORONTO and CHICAGO, Oct. 2, 2024 /CNW/ - CIBC today announced it is donating US$100,000 to the American Red Cross to support Hurricane Helene relief efforts.

"We join our clients and team members across North America in supporting efforts to help those impacted by Hurricane Helene," said Shawn Beber, Senior Executive Vice-President and Group Head, CIBC US Region and President and CEO, CIBC Bank USA. "Our thoughts are with the communities that have been affected by this widespread disaster."

TORONTO and CHICAGO, Oct. 2, 2024 /PRNewswire/ - CIBC today announced it is donating US$100,000 to the American Red Cross to support Hurricane Helene relief efforts.

"We join our clients and team members across North America in supporting efforts to help those impacted by Hurricane Helene," said Shawn Beber, Senior Executive Vice-President and Group Head, CIBC US Region and President and CEO, CIBC Bank USA. "Our thoughts are with the communities that have been affected by this widespread disaster."

Popular CIBC Aventura program now offers new travel options, greater choice, and the advantages of a global travel provider for points redemption  

TORONTO, Oct. 1, 2024 /CNW/ - CIBC today announced "CIBC by Expedia", an exciting new offering for clients, providing greater flexibility and more self-serve options for travel with global travel technology company, Expedia Group. CIBC by Expedia is now available to CIBC Aventura® Credit Card clients for all travel bookings, including redemption of Aventura Rewards points.

TORONTO, Sept. 26, 2024 /CNW/ - CIBC today announced it has been awarded Silver certification in the Partnership Accreditation in Indigenous Relations (PAIR) program from the Canadian Council for Indigenous Business (CCIB).

PAIR's multi-year certification process recognizes organizations committed to establishing strong and ongoing working relationships that create wealth for Indigenous businesses and communities. The Silver certification reflects CIBC's long-standing dedication to economic reconciliation.