CALGARY, June 25, 2013 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today additional financial support to
clients in Alberta affected by the flooding. This can include:
Deferring payments on mortgages, loans and credit card bills;
Re-amortizing mortgage payments to lower monthly costs; and
Crediting client accounts for any fees caused by overdrafts,
insufficient funds, early withdrawals on term deposits or use of
non-CIBC bank machines.
"Our thoughts are with everyone in Alberta dealing with the severe
flooding," said Mark Galbraith, CIBC's Region Head for Alberta. "The
impact of the floods is unprecedented and many Albertans are dealing
with disruption to their income or have unexpected expenses. We are
here to help our clients, whether they need extra time to make payments
or assistance to address the cost of clean up and repair."
Clients who may be experiencing a loss of income or other financial
impact are encouraged to contact their CIBC Advisor or call
1-877-454-9030 to discuss their financial situation and get
CIBC recently donated $100,000 to the Canadian Red Cross to assist with
relief efforts in Alberta. CIBC is also accepting donations to the Red
Cross at all branches across Canada.
While some branches in Alberta are closed for safety reasons, CIBC
clients can call Telephone Banking 24 hours a day, 7 days a week at
1-800-465-2422 for everyday banking needs. You can also bank online at
CIBC.com, or through your mobile device.
CIBC is a leading North American financial institution with more than 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 Media Centre on our corporate website
SOURCE: Canadian Imperial Bank of Commerce
For further information:
Kevin Dove, Head of External Communications at 416-980-8835, firstname.lastname@example.org.