CIBC Bank USA

FHLBank Chicago Opens Applications for $49 Million Affordable Housing Program (AHP) with $2 Million Per Project Grant

Retrieved on: 
Monday, May 6, 2024
Construction & Property, Finance, Social Services, Banking, Professional Services, Urban Planning, Philanthropy, Foundation, Online, Accounting, Disability, Housing, Federal Home Loan Banks, Public housing, AHP, Wi-Fi, CIBC Bank USA, Employment, Senior, Acquisition, Multimedia, Rehabilitation

Applications for the Federal Home Loan Bank of Chicago’s (FHLBank Chicago) 2024 Affordable Housing Program (AHP) General Fund are now open.

Key Points: 
  • Applications for the Federal Home Loan Bank of Chicago’s (FHLBank Chicago) 2024 Affordable Housing Program (AHP) General Fund are now open.
  • The historic building completed renovation in 2022 with support from a grant through FHLBank Chicago’s Affordable Housing Program (AHP).
  • “FHLBank Chicago is taking an important step to double the maximum subsidy for AHP projects as affordable housing challenges persist,” said Katie Naftzger, Senior Vice President, Community Investment Officer, FHLBank Chicago.
  • In 2020, Mercy Housing Lakefront was awarded a $900,000 AHP grant through FHLBank Chicago member, CIBC Bank USA, to rehab the Carlton Apartments.

CIBC continues commitment to affordable housing with latest project: Thrive on King

Retrieved on: 
Monday, April 1, 2024
Medical college, Health, Ageing, Culture, CIBC, Education, CIBC Bank USA, History, Food, Hope

MILWAUKEE, April 1, 2024 /PRNewswire/ - CIBC today announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.

Key Points: 
  • MILWAUKEE, April 1, 2024 /PRNewswire/ - CIBC today announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.
  • "We are excited to be a part of the Thrive on King project, which will not only create much-needed affordable housing, but also contribute to the preservation of Milwaukee's rich history," said Tony Hernandez, head of Community Investment at CIBC Bank USA.
  • CIBC's $45.5 million commitment through equity investment and construction lending will play a pivotal role in realizing the vision of this project.
  • The adaptive reuse of a vacant, historically significant store, will create 90 units of affordable housing in downtown Milwaukee.

CIBC Announces Senior Executive Appointments

Retrieved on: 
Thursday, March 7, 2024
CIBC Mellon, Personal, Senior, Research, Espresso, Capital market, CIBC Bank USA, Research fellow, TSX, Culture, Growth, Finance, Executive Committee, Corporate development, Hratch, CIBC, Treasury, Corporation, Management

I'm looking forward to working with our Executive Committee and our entire team as we go forward."

Key Points: 
  • I'm looking forward to working with our Executive Committee and our entire team as we go forward."
  • Under Jon Hountalas' leadership as Senior Executive Vice-President (SEVP) and Group Head, Canadian Banking, our Canadian Banking business has made strong progress in attracting new clients to our bank, enhancing client experience and delivering growth.
  • Mr. Culham joined CIBC in 2008, holding key roles in Capital Markets before assuming its leadership, more recently adding accountability for Direct Financial Services, as well as overseeing CIBC's operations in the Caribbean and CIBC Mellon.
  • Region and President and CEO, CIBC Bank USA, in 2022, will continue in his current role, providing strong leadership of our U.S.

Signing Day Sports Announces Addition of Experienced Capital Markets Executive Peter Borish to Board of Directors

Retrieved on: 
Wednesday, February 14, 2024
AB, Tudor Investment Corporation, Federal Reserve Bank, Internet, Research, University, CIBC Bank USA, Dream, Strategic planning, Math for America, Growth, SGN, IPO, Market, Ecosystem, Trustee, Sport, Public policy, Athlete, Peter Borish, Management

SCOTTSDALE, AZ, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the addition of Peter Borish to the Signing Day Sports board of directors.

Key Points: 
  • SCOTTSDALE, AZ, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the addition of Peter Borish to the Signing Day Sports board of directors.
  • Peter Borish brings many years of experience in the fields of capital markets, strategic planning, leadership development, and management.
  • Daniel D. Nelson, Chairman of the Board of Directors and Chief Executive Officer of Signing Day Sports, commented, “It is with great honor that we welcome Peter Borish to the Signing Day Sports board.
  • I look forward to working with the Signing Day Sports board to drive growth, innovation, and success.”

Connor Bedard and CIBC team up in new partnership

Retrieved on: 
Monday, December 18, 2023
Corporate Affairs, Senior, 2017–18 Chicago Blackhawks season, CIBC, CIBC Bank USA, Espresso, Organic, Ice, Purpose, Partnership, Human, Chicago Blackhawks, Hockey

Connor is a longtime CIBC client, and this partnership is a proud next step that will allow him to focus on his career ambitions while our CIBC team supports him in realizing his goals off the ice.

Key Points: 
  • Connor is a longtime CIBC client, and this partnership is a proud next step that will allow him to focus on his career ambitions while our CIBC team supports him in realizing his goals off the ice.
  • "We're excited to welcome Connor to the CIBC team today as we officially move forward in this new, long-term partnership," said Stephen Forbes, Executive Vice-President, Purpose, Brand and Corporate Affairs, CIBC.
  • "My family are long-time clients of CIBC, they are the first and only bank I've used since growing up in Vancouver," said Connor Bedard.
  • Team CIBC looks forward to partnering with Connor, as well as continuing to work with the Chicago Blackhawks, to create further positive impact on the Chicagoland area and fans of the team.

Old National Names Wicklander Senior Director of New Financial Institutions Group

Retrieved on: 
Tuesday, October 17, 2023
MBA, Old National Bank, Business, University, CIBC Bank USA, BofA Securities, Financial institution, Bank, Kalamazoo College, Carl Wickland, DePaul University

CHICAGO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Joe Wicklander has joined Old National Bank as Senior Director of a newly created Financial Institutions Group.

Key Points: 
  • CHICAGO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Joe Wicklander has joined Old National Bank as Senior Director of a newly created Financial Institutions Group.
  • “I am confident that Joe’s expertise and experience in the Financial Institutions vertical will position Old National for tremendous success while further differentiating us from our regional bank competitors,” said Mike Jamieson, Commercial Market President for Old National.
  • Wicklander brings more than 20 years of financial experience to Old National.
  • For the past decade, he led the Financial Institutions Group for CIBC Bank in Chicago.

CIBC champions small business growth and accessible housing with generous grants

Retrieved on: 
Tuesday, September 19, 2023
CIBC Bank USA, Partnership, White House Initiative on Asian Americans, Native Hawaiians, and Pacific Islanders, Housing, Organization, Entrepreneurship, Community, ETP, CIBC, City, Community development

CHICAGO, Sept. 19, 2023 /PRNewswire/ - CIBC announced it has awarded $450,000 in grants to help address two of the most pressing needs impacting various US communities States — affordable housing and access to capital for small businesses.

Key Points: 
  • CHICAGO, Sept. 19, 2023 /PRNewswire/ - CIBC announced it has awarded $450,000 in grants to help address two of the most pressing needs impacting various US communities States — affordable housing and access to capital for small businesses.
  • With a focus on improving access to affordable home ownership opportunities, CIBC recently awarded $200,000 to its affordable housing partners in Chicago, Detroit, Milwaukee and St. Louis.
  • "CIBC is dedicated to addressing the critical need for affordable housing in our communities," said Roberto Interiano, Community Lending Sales Manager at CIBC Bank USA.
  • "Through our grants and ongoing support, we aim to create thriving entrepreneurial communities across the markets we serve."

Macquarie Leads $275 Million Syndicated Financing for Precious Metals Merchant Auramet

Retrieved on: 
Friday, August 4, 2023
Mining, Minerals, Natural Resources, CIBC Bank USA, HSBC Bank, International, Brown Brothers Harriman & Co., Commonwealth Bank, Lead arranger, Wells Fargo, HSBC Bank USA, Macquarie Group, Facility, Bookrunner, Bank

Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $275 million syndicated revolving credit facility (the “Facility”) led by Macquarie Bank Limited (“Macquarie”).

Key Points: 
  • Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $275 million syndicated revolving credit facility (the “Facility”) led by Macquarie Bank Limited (“Macquarie”).
  • Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was well oversubscribed.
  • Auramet was pleased to expand its lender group to include Wells Fargo Bank.
  • The continued strong support of our banks is an important part of our business and Auramet appreciates the long-standing relationships we have with experienced and responsive bankers that understand our markets.” – Mark Edelstein, Auramet CFO

CIBC announces investment in new affordable housing initiative

Retrieved on: 
Tuesday, August 1, 2023
Chicago Housing Authority, CIBC Bank USA, CIBC, National Trust Community Investment Corporation, Housing, Transport, Chicago Transit Authority, Family, Cohesion (computer science), Renewable energy, Tourism

CHICAGO, Aug. 1, 2023 /PRNewswire/ - CIBC is pleased to announce its investment of $17.8 million, a construction loan of $18.96 million, and a permanent loan of $3.9 million for the development of 4715 N. Western, a transformative affordable housing initiative that aims to address the growing need for affordable housing options in the community.

Key Points: 
  • CHICAGO, Aug. 1, 2023 /PRNewswire/ - CIBC is pleased to announce its investment of $17.8 million, a construction loan of $18.96 million, and a permanent loan of $3.9 million for the development of 4715 N. Western, a transformative affordable housing initiative that aims to address the growing need for affordable housing options in the community.
  • This new construction mixed-use project is set to feature 63 affordable housing units, ranging from studio to two-bedroom apartments, along with 5,500 feet of retail space.
  • "Access to affordable housing is a fundamental right for every individual and family, and it extends far beyond providing a roof over someone's head," said Tony Hernandez, head of Community Investment at CIBC Bank USA.
  • "Affordable housing is not just a basic necessity; it is the foundation for strong and resilient communities," said Hernandez.

Expanded Investment in Downpayment Plus® Grant Program Puts Home Ownership in Reach for More Homebuyers in Illinois and Wisconsin

Retrieved on: 
Thursday, May 25, 2023
Professional Services, Other Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Banking, Personal Finance, CIBC Bank USA, Federal Home Loan Banks, Neighbourly (community investment platform), DPP, Senior, Family, Renewable energy, Insurance

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is pleased to announce expanded funding of its Downpayment Plus® (DPP®) grant program bringing the total 2023 program budget to $42 million.

Key Points: 
  • The Federal Home Loan Bank of Chicago (FHLBank Chicago) is pleased to announce expanded funding of its Downpayment Plus® (DPP®) grant program bringing the total 2023 program budget to $42 million.
  • The addition represents a 133% increase over 2022 grant assistance program funding for qualified home buyers.
  • “Down payment assistance is a critical resource facilitating access to homeownership for low- and moderate-income households,” said Katie Naftzger, Senior Vice President, Community Investment Officer, FHLBank Chicago.
  • Program users confirm the important role that down payment assistance plays in putting homeownership in reach for low- and moderate- income households.