TORONTO, Nov. 22, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the November 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly.

Unitholders of record on November 29, 2024, will receive cash distributions payable on December 4, 2024. Details of the final "per unit" distribution amounts are as follows:

  Partnership underscores CIBC's connectivity to the local community and clients

PALM BEACH GARDENS, Fla., Nov. 19, 2024 /PRNewswire/ - Today, The Cognizant Classic in The Palm Beaches and CIBC announced the expansion of their partnership, signing a multi-year extension with the tournament. The Cognizant Classic in The Palm Beaches is South Florida's premier PGA TOUR event, returning  to PGA National Resort's Champion Course, from February 26 to March 2, 2025. The expanded partnership for CIBC includes the title of official Private Wealth and Commercial Banking Partner of the event, entitlement rights to the Champions Club and the presenting sponsor of the Women's Leadership Forum.

TORONTO, Nov. 15, 2024 /CNW/ - CIBC has been recognized as one of Canada's Top 100 Employers for 2025 by Mediacorp Canada Inc., marking 13 consecutive years for CIBC on this prestigious list. The annual competition assesses employers on key criteria, including workplace environment, employee benefits, skills development, and community engagement.

"Our team members bring our purpose-driven culture to life every day through their commitment to our clients and communities," said Sandy Sharman, Group Head, People, Culture and Brand at CIBC. "To support them in making a meaningful difference every day, we are focused on creating an environment where everyone, including CIBC team members, can achieve their ambitions."

TORONTO, Nov. 7, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) will be announcing its 2024 fourth quarter results for the quarter ended October 31, 2024, on Thursday, December 5, 2024. The results are expected to be released at approximately 5:30 a.m. (ET), followed by a live audio webcast and teleconference call with analysts, investors and media at 7:30 a.m. (ET). 

Earnings Conference Call/Webcast

TORONTO, Oct. 31, 2024 /CNW/ - CIBC is proud to announce that Jaimie Lickers, Senior Vice President of Indigenous Markets, has been named one of Canada's Most Powerful Women by the Women's Executive Network (WXN). This prestigious award celebrates the outstanding contributions and leadership of women across the country.

Since joining CIBC in 2020, Jaimie has been a driving force in advancing both the bank's Indigenous Markets business as well as our economic reconciliation efforts. Under her leadership, CIBC has strengthened partnerships with Indigenous communities, expanded our financial products and services for Indigenous clients, and has been recognized as a PAIR Silver-certified organization by the Canadian Council for Indigenous Business.

TORONTO, Oct. 29, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced the public offering in the United States of US$500 million of 6.950% Fixed Rate Reset Limited Recourse Capital Notes Series 5 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the "LRCNs").

The LRCNs will bear interest at a rate of 6.950% annually, payable quarterly, for the initial period ending on, but excluding, January 28, 2030. Thereafter, the interest rate on the LRCNs will reset every five years at a rate equal to the prevailing 5-year U.S. Treasury Rate plus 2.833%. The LRCNs will mature on January 28, 2085. The expected closing date of the offering is November 5, 2024.

TORONTO, Oct. 25, 2024 /CNW/ - CIBC announced today that it received the highest score in customer satisfaction among the big 5 Canadian banks, according to the J.D. Power 2024 Canada Small Business Banking Satisfaction Study, marking the second year in a row the bank has received this first-place ranking.

"Being recognized by J.D. Power as the leading bank in small business satisfaction for two consecutive years is a reflection of our bank's ongoing commitment to our clients and to helping Canadian small businesses succeed," said Andrew Antoniadis, Senior Vice-President, Business Banking and Cash Management, CIBC. "At CIBC, we understand and recognize the impact small businesses have on our economy and in our communities across the country. It's a privilege to work closely with dedicated clients to help make their ambitions real."

TORONTO, Oct. 24, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the October 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly.  

Unitholders of record on October 31, 2024, will receive cash distributions payable on November 5, 2024. Details of the final "per unit" distribution amounts are as follows:

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.