Grade 10 student from Victoria awarded CIBC Youthvision™ Scholarship

One-of-a-kind scholarship celebrates 15 years and 450 lives changed

VICTORIA, BC, June 27, 2013 /CNW/ - CIBC (CM: TSX) (CM: NYSE) announced today that Daniel Scheffer from Victoria has been awarded the CIBC Youthvision Scholarship, valued at up to $38,000. This year marks the 15^th anniversary of the one-of-a-kind scholarship, which in partnership with Big Brothers Big Sisters and the YMCA, has changed the lives of over 450 young people.

CIBC Youthvision helps high-potential young Canadians who might not otherwise have the financial ability to pursue a college or university education. This unique program provides scholarships to students in Grade 10, which is when many at-risk youth lose focus at school due to peer pressure, lack of role models and financial pressures. The scholarships provide tuition support, six years of paid summer internships and dedicated mentoring through the YMCA or Big Brothers Big Sisters.

Claremont Secondary School student Daniel Scheffer, one of 33 scholarship recipients this year, explains how it feels to pursue an education without worrying about his finances.

"I have always wanted to be able to go to university but I have believed the only way I would be able to afford it would be a scholarship" says 16-year-old Daniel. "I have been working part time for over two years now, and I know with what I am making it would take much longer then expected to be able to afford schooling. This scholarship is a major blessing to me and will help me succeed in what I want to do with my life."

Daniel recently attended CIBC's first-ever Youth Forum in Toronto, where past recipients, their mentors and families and a panel of experts gathered to examine the issues youth face while pursuing their academic goals. A video archive of the webcast is available at https://webcasts.welcome2theshow.com/cibc2013scholar
Password: CIBC

"CIBC Youthvision is, and has always been, about investing in Canada's young people so they can reach their full potential and build a better future for themselves and their families," says Mike Stevenson, CIBC Region Head of British Columbia and Northern Territories. "On behalf of CIBC, Big Brothers Big Sisters and the YMCA, I extend my congratulations to these exceptional scholarship recipients and wish them every success on achieving their academic, personal and life goals."

Scholarship winners receive up to six paid summer internships through the YMCA that begin right after Grade 10, and annual contributions towards tuition for four years.

Over the past 15 years, CIBC has invested more than $170 million in programs to support children and youth-in-need.

About CIBC
CIBC is committed to supporting causes that matter to our clients, employees and our communities. We aim to make a difference in communities through corporate donations, sponsorships and the volunteer spirit of employees. With a strategic focus on Kids, Cures and Community, and employee commitment to causes including the Canadian Breast Cancer Foundation CIBC Run for the Cure, the CIBC Children's Foundation and United Way, we are investing in the social and economic development of communities across the country. In 2012, CIBC group of companies contributed more than $38 million to charitable and non-profit initiatives in Canada to support national, regional and local organizations. To learn more, visit www.cibc.com.

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About the CIBC Youthvision Scholarship Program

Each year the CIBC Youthvision Scholarship program commits more than $1 million to make post-secondary education dreams a reality for youth-in need, ultimately helping to break the cycle of poverty in their family. Now in its 15^th year, this one-of-a-kind program has already helped over 450 students and committed over $15 million. To be eligible, Grade 10 students must be enrolled in a mentoring program with Big Brothers Big Sisters of Canada or the YMCA. Students receive ongoing mentoring from either Big Brothers Big Sisters of Canada or the YMCA until they graduate from their post-secondary education.

In addition to the 30 students who receive the scholarship annually, beginning in 2013, three additional scholarships have been awarded to students showing exceptional athletic potential, as part of CIBC youth legacy commitment as the Lead Partner of the 2015 Pan Am and Parapan Am Games.

Along with the scholarship, each student participates in a CIBC Money Smarts for Students Seminar and a mentoring session with CIBC professionals to help them shape their financial and professional futures. For more information visit www.cibc.com/youthvision

CIBC Digital Youth Forum on Academic Success in Toronto

In celebration of CIBC Youthvision's 15^th anniversary, scholarship recipients attended a first-ever digital CIBC Youth Forum on Academic Success on June 20 in Toronto. Moderated by MTV Host Aliya-Jasmine Sovani, the forum connected recipients, their families and mentors from the past 15 years with a panel of experts to discuss issues youth face while pursuing their academic goals. Panellists included: Dr. Joanne Cummings of PREVNet; Adam Van Koeverden, Pan Am Athlete; Jamie Golombek, CIBC; Megan Thomas, YMCA York Region Employment and Community Services; Pattie Lovett-Reid, CTV Host; and Eugenia Canas of MindYourMind.

*An archive of this webcast is available at https://webcasts.welcome2theshow.com/cibc2013scholar Password: CIBC

A Word from CIBC Youthvision Partners:

Big Brothers Big Sisters of Canada - "Having a volunteer mentor such as a Big Brother or Big Sister inspires young people to realize their goals and aspirations. Unfortunately inspiration alone isn't enough. This is why we are so fortunate to have a partner like CIBC," says Bruce MacDonald, President & CEO of Big Brothers Big Sisters of Canada. "The CIBC Youthvision Scholarship Program has been helping young people in our programs have the opportunity to strive for a better future by attending post-secondary education. Time and time again, we hear that these young people would never have made it beyond high school without the support of CIBC. For this we are eternally grateful."

YMCA - "These youth are a great example of how young people who are given the chance to grow, learn and dream, can reach their full potential.  With a strong start on their path to higher education, they will each have a great future," says Medhat Mahdy, President and CEO, YMCA of Greater Toronto. "Our partnership with CIBC allows the YMCA to create a supportive environment where young people flourish and build the foundation for a healthy community."

Image with caption: "Victoria's Daniel Scheffer poses with fellow CIBC Youthvision scholarship winners and new friends in front of CN Tower. Grade 10 scholarship winners from across Canada gathered in Toronto last week for a full-day inspirational event to celebrate the program's 15th year and over 450 lives changed since 1999. L to R: BC's Anna Maria (Masha) Baeva, Daniel Scheffer, Aziza Abdul Qader and Caitlyn Lyver from Ontario. (CNW Group/CIBC)". Image available at: http://photos.newswire.ca/images/download/20130627_C3869_PHOTO_EN_28593.jpg

Image with caption: "2013 CIBC Youthvision Scholarship winners from BC - L to R: Anna Maria Baeva, Daniel Scheffer, Aziza Abdul Qader, Angela Winsu and Bhanu Sharma. Grade 10 scholarship winners from across Canada gathered in Toronto last week for a full-day inspirational event, which included an online youth forum on academic success. The scholarship program is celebrating its 15th year and over 450 lives changed since 1999. (CNW Group/CIBC)". Image available at: http://photos.newswire.ca/images/download/20130627_C3869_PHOTO_EN_28592.jpg

SOURCE: CIBC

For more information and to interview the scholarship winner, YMCA or Big Brothers Big Sisters representative, or CIBC representative, please contact:

Roderick Cumming, Senior Director, Communications
[email protected] | T 416-304-5567