CIBC donates US$100,000 to support Hurricane Milton relief efforts

Rhea-AI Summary

CIBC has announced a donation of US$100,000 to the American Red Cross to support Hurricane Milton relief efforts. This donation is in addition to a previous US$100,000 contribution made earlier this month for Hurricane Helene relief. Shawn Beber, Senior Executive Vice-President and Group Head of CIBC US Region, and President and CEO of CIBC Bank USA, expressed solidarity with affected Florida communities. CIBC encourages individuals and companies to donate to the American Red Cross to support ongoing disaster relief activities.

Positive

• Demonstrates corporate social responsibility through disaster relief donations
• Potential for positive public relations and brand image enhancement

Negative

• None.

TORONTO and CHICAGO, Oct. 10, 2024 /PRNewswire/ - CIBC today announced it is donating US$100,000 to the American Red Cross to support Hurricane Milton relief efforts. This is in addition to the US$100,000 that was donated earlier this month to support those impacted by Hurricane Helene.

"We join our clients and team members across North America in supporting efforts to help those impacted by Hurricane Milton," said Shawn Beber, Senior Executive Vice-President and Group Head, CIBC US Region and President and CEO, CIBC Bank USA. "Our thoughts are with the Florida communities that have been affected by this disaster."

Individuals and companies that wish to help with ongoing disaster relief efforts are invited to donate to the American Red Cross. Money raised will enable the Red Cross to provide immediate and ongoing relief activities in response to the disaster.

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, 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/cibc-donates-us100-000-to-support-hurricane-milton-relief-efforts-302273543.html

SOURCE CIBC

FAQ

How much did CIBC donate for Hurricane Milton relief efforts?

CIBC donated US$100,000 to the American Red Cross for Hurricane Milton relief efforts.

What was CIBC's total donation for hurricane relief in October 2024?

CIBC's total donation for hurricane relief in October 2024 was US$200,000, including US$100,000 each for Hurricane Milton and Hurricane Helene.

Who announced CIBC's donation for Hurricane Milton relief?

Shawn Beber, Senior Executive Vice-President and Group Head of CIBC US Region, and President and CEO of CIBC Bank USA, announced the donation.

How can individuals and companies support hurricane relief efforts according to CIBC (CM)?

CIBC (CM) encourages individuals and companies to donate to the American Red Cross to support ongoing disaster relief efforts.