The partnership further expands its commitment
in Palm Beach
CHICAGO, Feb. 26,
2024 /PRNewswire/ - CIBC today announced that it has
become the official Private Wealth and Commercial Banking Partner
of the Cognizant Classic in The Palm Beaches. As part of this
alliance with the Professional Golfers' Association (PGA), the bank
will also serve as the entitlement sponsor of the Champions Club
premium hospitality space, positioned on the 18th hole
of the renowned Champion Course.
"CIBC is excited to expand our presence in Palm Beach by joining forces with the
Cognizant Classic in the Palm Beaches as their official private
wealth and commercial banking partner," said Daniel E. Sullivan, Jr., head of private and
personal banking at CIBC, US. "This partnership underscores our
commitment to the community and aligns with the PGA's legacy of
giving back to important causes."
In 2023, CIBC expanded its footprint in Florida with the opening of a new financial
center in Palm Beach, solidifying
its commitment to delivering personalized expertise and services to
high net-worth individuals and business owners seeking to manage
and grow their wealth. By establishing a strong foothold in the
area, CIBC further demonstrates its dedication to supporting the
financial aspirations of their clients and contributing to the
economic prosperity of the community.
Over the past year, the bank has given back to the South Florida community through their work with the
Boys and Girls Club of Palm Beach
County, and Junior Achievement of the Palm Beaches and
Treasure Coast. They also provided a
$5 million investment in the
Community Reinvestment Fund, which works to provide funding for
affordable housing projects.
The Cognizant Classic is one of the most anticipated tournaments
on the golfing calendar. By partnering with the PGA, CIBC
strengthens its commitment to support and engage with local
communities in the U.S. Through this sponsorship, CIBC engaged in a
charitable imitative with the Nicklaus Children's Healthcare
Foundation, supporting their mission to provide healthcare to
children in need.
"We are driven by a shared mission with the PGA to make a
meaningful difference in the lives of others," said Sullivan.
About CIBC
CIBC is a leading North American financial institution with 14
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. Visit us at
cibc.com/US.
Member FDIC and Equal Housing Lender. Loans are subject to
credit approval. The CIBC logo is a registered trademark of CIBC,
used under license. Investment Products Offered are Not
FDIC-Insured, May Lose Value and are Not Bank Guaranteed.
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SOURCE CIBC