Brings total commitment as a founding corporate sponsor to $1.8 million

    TORONTO, July 6 /CNW/ - CIBC (CM: TSX;NYSE) is increasing its commitment
to the Waterfront Regeneration Trust by an additional $250,000 over the next
five years to support the development of 40 new trail projects to close the
gaps in the 680-kilometre Waterfront Trail and Greenway from Niagara to
Quebec. The funds will also go towards promoting public awareness and
engagement, as well as facilitating bicycling on the Waterfront Trail and
Greenway.
    As a founding corporate sponsor of the Waterfront Regeneration Trust
since 1996, CIBC's commitment to the Trust now totals $1.8 million.
    "We are pleased to announce this new commitment during the Great
Waterfront Trail Adventure," said Robert Hughes, CIBC's Vice President,
Corporate Risk and Insurance Services. "The Waterfront Trail and Greenway is a
great example of how government, business and the non-profit sector can come
together to restore and conserve the environment, benefiting individuals and
communities. Under David Crombie's leadership, the Trust has accomplished
something truly remarkable and we are proud to be renewing our commitment to
the Trust's continued success."
    "CIBC was the first corporation to join the Trust's efforts to regenerate
the waterfront. Since 1996, they have demonstrated their commitment to that
goal. We are proud to call them our partner," said David Crombie, Founding
Chair of the Waterfront Regeneration Trust.

    CIBC is committed to supporting causes that matter to our clients, our
employees and our communities. We aim to make a difference in communities
through corporate donations, sponsorships and the volunteer spirit of
employees. With a strategic focus on youth, education and health, and employee
commitment to causes including the Canadian Breast Cancer Foundation CIBC Run
for the Cure, United Way and the CIBC World Markets Children's Miracle
Foundation, we are investing in the social and economic development of
communities across the country. In 2007, CIBC group of companies contributed
more than $36 million worldwide to charitable organizations and community
initiatives. Of this, $27 million was invested in Canada to support national
regional and local organizations. To learn more, visit www.cibc.com/pas