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
"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 advice.
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
For further information:
Geoff Dillon, Senior Director, CIBC, 416-309-3266 email@example.com