TORONTO, March 28, 2019 – Global Finance Magazine has named CIBC (TSX: CM) (NYSE: CM) the Best Treasury and Cash Management Bank in Canada, and the Best Bank for Cash Management in North America.

“It’s an honour to be named North America’s Best Bank for Cash Management for the first time and to maintain our position as Canada's Best Treasury and Cash Management Bank for the third consecutive year,” said Mike Clabby, Senior Vice-President, Commercial Banking, Wealth Management Solutions and Financial Planning, CIBC. “This is a strong endorsement of our client-focused approach and our work to deliver for clients with operations on both sides of the border."

"CIBC is committed to delivering innovative solutions to meet the complex cash management needs of our clients,” said Phil Griffiths, Senior Vice-President Enterprise Innovation, Digital Commercial Banking and Wealth Management, CIBC. “We will continue to invest and evolve these capabilities, keeping our clients at the centre of all that we do as we build a relationship-oriented bank for a modern world.”

Global Finance uses a multi-tiered assessment process – including input from industry analysts, corporate executives, technology experts and independent research – to select the best providers of treasury and cash management services. This is the fourth time that CIBC has been named as Best Treasury and Cash Management Bank in Canada. CIBC also won this award in 2015, 2017 and 2018. This is the first time that CIBC has won Best Bank for Cash Management in North America.

More information is available at GFMag.com.

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets 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.