CIBC Joins Government of Alberta in Supporting Businesses in Alberta through
the Alberta Flood Recovery Loan Guarantee Program
CALGARY, July 25, 2013 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today it is
joining the Government of Alberta in helping businesses impacted by recent
flooding through the Alberta Flood Recovery Loan Guarantee Program.
The program is intended to provide affected businesses with loans to ensure
smooth operations as they recover. As part of this Government of Alberta
program, CIBC will provide demand loans to businesses that have suffered
damages caused by the flooding to help them get back on their feet.
"CIBC is committed to supporting communities in Alberta recover from the
flooding. As part of this support, we are pleased to partner with the
Government of Alberta to support businesses through this challenging time,"
said Mark Galbraith, Region Head - Alberta, CIBC."Local businesses are at
the core of so many communities and this program will help revitalize those
businesses affected by the flooding, which in turn allows communities to
thrive despite the unprecedented setback."
In addition to this announcement, CIBC recently announced financial programs
to support clients impacted by the flooding, as well as a $100,000 donation to
the Canadian Red Cross to support recovery efforts in the region.
CIBC small business clients experiencing a loss of income or other financial
impact as a result of the flooding are encouraged to contact their CIBC
Advisor directly to discuss their financial situation and get personalized
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, and has offices 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.
Geoff Dillon, Senior Director, CIBC, firstname.lastname@example.org
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CO: Canadian Imperial Bank of Commerce
NI: FIN NP
-0- Jul/25/2013 13:26 GMT
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