CIBC Decreases Residential Mortgage Rate

May 25, 2012, 16:36 ET from CIBC

TORONTO, May 25, 2012 /CNW/ - CIBC (TSX: CM); (NYSE: CM) today announced the following mortgage rate change, effective May 26, 2012:

5 year Fixed-Rate, Closed Mortgage                                           5.34 per cent (decrease of 0.10 per cent)

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.


SOURCE CIBC