TORONTO, July 6, 2024 /CNW/ - CIBC announced today that it will be joining its Caribbean company, CIBC Caribbean, in making an initial donation of $100,000 through CIBC Caribbean's ComTrust Foundation to support hurricane relief efforts in Caribbean islands impacted by Hurricane Beryl.
The Foundation, which is run by CIBC Caribbean, will also be donating additional funds towards restoration efforts in St. Vincent, Grenada and the Grenadines, and Jamaica.
"The devastation caused by Hurricane Beryl has seen near complete destruction of some communities and thousands of people across the region are in urgent need of assistance," said Mark St. Hill, Chief Executive Officer, CIBC Caribbean and Chair of the ComTrust Foundation. "We stand with our team members and affected communities in the Caribbean as they navigate these difficult circumstances, and join our clients in supporting immediate recovery efforts."
CIBC Caribbean will also be extending special banking assistance to any affected clients that reach out the Caribbean bank to aid in their recovery efforts, added Mr. St. Hill.
To further support those impacted by Hurricane Beryl, donations can be made to the CIBC Foundation Hurricane Beryl Relief Fund. Funds raised will be used to provide immediate relief, support recovery efforts, and resilience and preparedness activities for future events.
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 and Direct Financial Services 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. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.
About CIBC Caribbean
CIBC Caribbean is a relationship bank offering a full range of market leading financial services through our Corporate Banking, Personal and Business Banking and Wealth Management segments. We are located in twelve (12) countries around the Caribbean, providing the banking services through approximately 2,700 employees in 48 branches and offices. We are one of the largest regionally listed financial services institutions in the English and Dutch speaking Caribbean, with US$13 billion in assets and market capitalization of US$1 billion. We also have a representative office in Hong Kong that provides business development and relationship management for our fund administration. The face of banking is changing throughout the world and CIBC Caribbean intends to lead these changes with the expertise, integrity and knowledge gained from banking in the Caribbean since 1836. CIBC Caribbean is a member of the CIBC Group. CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Capital Markets - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. For more information about CIBC Caribbean, visit www.cibcfcib.com , Facebook, Twitter , LinkedIn, Instagram or YouTube.
SOURCE CIBC
