CIBC Bank USA

Harbor Capital Advisors Launches Second Corporate Culture ETF

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Thursday, October 13, 2022
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Harbor Capital Advisors, Inc. (Harbor), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today launched the Harbor Corporate Culture ETF (ticker: HAPI).

Key Points: 
  • Harbor Capital Advisors, Inc. (Harbor), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today launched the Harbor Corporate Culture ETF (ticker: HAPI).
  • The Human Capital Factor first became publicly investable through the Harbor Corporate Culture Leaders ETF (ticker: HAPY), and serves as the foundation for HAPI, allowing for a more diversified and sector constrained approach to this new field of human capital investing.
  • We continue to see strong investor demand in the field of human capital investing and are thrilled to partner with world-renowned behavioral scientist Dan Ariely and his colleagues at Irrational Capital on our second Corporate Culture ETF, said Kristof Gleich, President & CIO, Harbor Capital.
  • is the Distributor of the Harbor Corporate Culture ETF and the Harbor Corporate Culture Leaders ETF.

CIBC closes three investment deals focused on addressing the racial wealth gap and continues strong partnership with YearUp

Retrieved on: 
Tuesday, October 4, 2022
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CIBC announced three investments designed to address the racial wealth gap by creating financing opportunities for growth in underserved communities and access to affordable housing.

Key Points: 
  • CIBC announced three investments designed to address the racial wealth gap by creating financing opportunities for growth in underserved communities and access to affordable housing.
  • It is also the only MDI headquartered in the State of Michigan and the only bank headquartered in the City of Detroit.
  • CIBC has worked with the NEF Equity Fund since 2015, partnering with them on over $100 million of affordable housing developments.
  • In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning.

CIBC Announces Senior Executive Appointments

Retrieved on: 
Tuesday, October 4, 2022
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TORONTO, Oct. 4, 2022 /PRNewswire/ - CIBC(TSX: CM) (NYSE: CM) President and CEO Victor Dodig today announced senior leadership appointments to further the bank's client-focused strategy.

Key Points: 
  • TORONTO, Oct. 4, 2022 /PRNewswire/ - CIBC(TSX: CM) (NYSE: CM) President and CEO Victor Dodig today announced senior leadership appointments to further the bank's client-focused strategy.
  • The following leadership changes are effective November 1, 2022:
    Mike Capatides, Senior Executive Vice-President and Group Head, US Region, and President & CEO, CIBC Bank USA, will be transitioning to the role of Vice-Chair, CIBC Bank USA, focused on developing and deepening client relationships.
  • Shawn Beber will assume the role of Senior Executive Vice-President and Group Head, US Region, and President & CEO, CIBC Bank USA, and our US bank holding company.
  • Frank Gusewill take on the role of Senior Executive Vice-President and Chief Risk Officer and join CIBC's Executive Committee.

CIBC DONATES US$100,000 TO SUPPORT HURRICANE RELIEF EFFORTS

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Friday, September 30, 2022
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TORONTO and CHICAGO, Sept. 30, 2022 /PRNewswire/ - CIBC announced today it is donatingUS$100,000to support Hurricane Ian relief efforts.

Key Points: 
  • TORONTO and CHICAGO, Sept. 30, 2022 /PRNewswire/ - CIBC announced today it is donatingUS$100,000to support Hurricane Ian relief efforts.
  • "We join our clients and team members acrossNorth Americain supporting efforts to help those affected by Hurricane Ian, the worst storm to impact Florida in decades, which has caused devastation," saysMichael Capatides, CIBC Group Head, U.S.
  • Individuals and companies that want to help with the disaster relief efforts are invited to donate to the American Red Cross .
  • CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients.

CIBC supports Chicago Lighthouse project to bring affordable, supportive housing to Chicago's west side

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Monday, September 19, 2022
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CIBC's Community Development team is providing a total of $27.9 million in construction financing for The Foglia Residences, a partnership between The Chicago Lighthouse and Brinshore Development LLC.

Key Points: 
  • CIBC's Community Development team is providing a total of $27.9 million in construction financing for The Foglia Residences, a partnership between The Chicago Lighthouse and Brinshore Development LLC.
  • "We are passionate about this project because it's the first in the US to bring this level of security to our visually impaired and veteran communities."
  • CIBC has been a supporter of The Chicago Lighthouse for more than a decade, donating nearly $140,000 to support their programs.
  • CIBC Bank USA and CIBC Private Wealth Group, LLC are both indirect, wholly owned subsidiaries of CIBC.

Keystone Capital Announces Partnership with Novatio Solutions

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Tuesday, August 16, 2022
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Keystone Capital Management, L.P. (Keystone) is pleased to announce an investment partnership with Novatio Solutions (Novatio or the Company).

Key Points: 
  • Keystone Capital Management, L.P. (Keystone) is pleased to announce an investment partnership with Novatio Solutions (Novatio or the Company).
  • Novatio primarily works in partnership with UiPath and Automation Anywhere, the leading robotic process automation (RPA) and intelligent automation software platforms.
  • We are delighted to partner with a patient and experienced investor in Keystone Capital to help build on the success Novatio has enjoyed to date, remarked Gokul Solai, CEO of Novatio.
  • Novatio is exceptionally well-positioned to capitalize on the significant opportunity in the intelligent automation industry, commented Bill Sommerschield, Managing Director at Keystone Capital.

CIBC awards $350,000 to affordable housing and small business partners

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Wednesday, July 20, 2022
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CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients.

Key Points: 
  • CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients.
  • CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world.
  • In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning.
  • CIBC Bank USA and CIBC Private Wealth Group, LLC are both indirect, wholly owned subsidiaries of CIBC.

CIBC, SomerCor & World Business Chicago Join Mayor Lightfoot to Present a New Small Business Accelerator Program, "Black & Latino Excellence Investment Summit"

Retrieved on: 
Thursday, June 16, 2022
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CHICAGO, June 16, 2022 /PRNewswire/ -- CIBC, SomerCor and World Business Chicago will join Chicago Mayor Lori Lightfoot today, June 16, at an event to recognize inaugural small business accelerator program, Black & Latino Excellence Investment Summit, assisting development opportunities requiring capital. 

Key Points: 
  • CHICAGO, June 16, 2022 /PRNewswire/ -- CIBC, SomerCor and World Business Chicago will join Chicago Mayor Lori Lightfoot today, June 16, at an event to recognize inaugural small business accelerator program, Black & Latino Excellence Investment Summit, assisting development opportunities requiring capital.
  • "The City is committed to working with partners like World Business Chicago, CIBC, and SomerCor to scale up employment opportunities and small businesses in Black and Hispanic communities across our city.
  • SomerCor is a non-profit lender, certified by the Small Business Administration, that specializes in originating and servicing SBA 504 loans.
  • World Business Chicago (WBC) serves a critical role in driving inclusive and equitable recovery throughout the city's 77-neighborhoods.

StoneX Group Inc. Announces New Three-Year Credit Facility

Retrieved on: 
Wednesday, April 27, 2022
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NEW YORK, April 27, 2022 (GLOBE NEWSWIRE) -- StoneX Group Inc. (Nasdaq:SNEX) today announced that it has agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million.

Key Points: 
  • NEW YORK, April 27, 2022 (GLOBE NEWSWIRE) -- StoneX Group Inc. (Nasdaq:SNEX) today announced that it has agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million.
  • The existing facility, comprised of a $236 million revolving credit facility and a $165 million Term Loan A facility, is being amended to a $475 million revolving credit facility.
  • This credit facility will continue to be used to finance working capital needs of StoneX Group Inc. and certain of its subsidiaries.
  • Sean O'Connor, CEO of StoneX, said, "Through increased support from our existing bank group as well as through a number of key new relationships, we are excited to announce the renewal and expansion of this important credit facility.

Construction of CIBC-financed senior living facility, Broadview Senior Apartments, complete

Retrieved on: 
Monday, February 14, 2022
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CHICAGO, Feb. 14, 2022 /PRNewswire/ - CIBC today announced the completion of a new affordable housing project, Broadview Senior Apartments, for low-income individuals 55 and older.

Key Points: 
  • CHICAGO, Feb. 14, 2022 /PRNewswire/ - CIBC today announced the completion of a new affordable housing project, Broadview Senior Apartments, for low-income individuals 55 and older.
  • CIBC Bank USA provided a $5.3 million dollar construction loan to Walsh Construction to build Broadview Senior Apartments.
  • The new living facilitya three-story, wood-framed project including two elevators, a patio, community garden and green spacewas designed to serve low income senior tenants.
  • In addition, CIBC Bank USA is also working with the Housing Opportunities Development Corporation, Inc. ("HODC"), which serves as Broadview Senior Apartments' non-profit partner.