CIBC offers assistance to clients affected by Bay de Verde fish plant fire

BAY DE VERDE, NL, April 13, 2016 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today support for clients in the Bay de Verde area affected by the fire at the Quinlan Brothers fish processing plant. CIBC will look at ways to support clients through this difficult time, including:

• Deferring payments on mortgages, loans and credit card bills;
• Re-amortizing mortgage payments to lower monthly costs; or
• 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 the region affected by this devastating and tragic fire," said Mark McGuire, CIBC District Vice President, Newfoundland and Labrador. "We are here for our clients to offer our assistance and support through this period of uncertainty."

Clients are encouraged to contact their CIBC Advisor or call 1-800-465-2422 to discuss their financial situation and get personalized advice.

About CIBC

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. You can find other news releases and information about CIBC on our corporate website at www.cibc.com/ca/media-centre/.

SOURCE Canadian Imperial Bank of Commerce

Caroline Van Hasselt, Director, External Communications and Media Relations, at [phone], [email protected]