MONTREAL, May 11 /CNW/ - CIBC announced today it is donating $25,000 to the Canadian Red Cross to help relief efforts following the flooding in Quebec.

CIBC is directing its donation to the Canadian Red Cross to support recovery efforts as well as shelter, food and clothing for residents forced out of their homes. Funds raised will be used to provide immediate aid and recovery to people most affected by this disaster. This includes temporary shelter, food and supplies to meet urgent personal needs and the needs of children.

CIBC's branches across the country will also be joining in the relief effort by collecting donations for the Canadian Red Cross.

CIBC clients directly affected by the flooding have options available to them regarding their mortgage payments and credit products, and should contact CIBC with any concerns or questions they have.

"The people of Quebec need our help and assistance as they recover from this disaster," said Gerry McCaughey, President and CEO of CIBC. "We are joining our clients and employees as well as others across Canada in supporting the relief efforts to provide for the needs of so many who have been affected by the floods."

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.