CIBC FirstCaribbean donates $50,000 to TCI Red Cross

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October 24, 2017

In the aftermath of two catastrophic and life-changing storms, CIBC FirstCaribbean has made a $50,000 donation to the Turks and Caicos Red Cross to support the charity’s hurricane recovery and relief efforts. Turks and Caicos country head Larry Lawrence presented the cheque to Turks and Caicos Red Cross representatives at the bank’s Grace Bay branch yesterday.

“CIBC FirstCaribbean has a long history of providing community support, especially when disaster strikes. We’ve seen many storms come and go, and as we all know, the aftermath can be devastating,” Lawrence said.

“We also know, however, that the people of the Turks & Caicos Islands are resilient and eager to resume business as usual. As a dedicated corporate partner, we want to do as much as we can to assist in the recovery effort.

“We are committed to helping our community to see its way through this difficult period and to emerge better for it. It’s especially important for us as an institution to support organisations that provide immediate, tangible support that will impact as many members of our community as possible.”

CIBC FirstCaribbean’s parent company, CIBC, recently donated USD$450,000 towards hurricane relief efforts in various countries. CIBC FirstCaribbean’s charitable arm, the First Caribbean ComTrust Foundation, revealed in its latest Social Annual Report (2016) that the bank has seen an increase in its overall support for charitable causes across the English and Dutch Caribbean. The report showed that it gave over USD$1.2 million to support more than 600 mainly community projects in the 17 territories where the bank operates. This was over USD$200,000 more than the previous fiscal year.

The bank’s Chief Executive Officer and Chairman of the Board of Directors of the ComTrust Foundation Gary Brown said: “Reaching out into our communities and working with various organisations to improve the lives of the people of the region is what the foundation is all about.”

CIBC FirstCaribbean was proud to provide $50,000 to the helping hands of the Turks and Caicos Red Cross in aid of recovery and relief efforts in the wake of Hurricanes Irma and Maria. Left to right: Sophia Simmons (Red Cross Finance Administrator), Ingrid Simons (Red Cross Volunteer), Larry Lawrence (CIBC FirstCaribbean TCI Country Manager) and Winema Sanders (CIBC FirstCaribbean TCI Director).

About CIBC FirstCaribbean
CIBC FirstCaribbean International Bank is a relationship-bank offering a full range of market-leading financial services through our Corporate and Investment Banking, Retail, Business & International Banking and Wealth Management segments. We are located in 17 countries around the Caribbean, providing the banking services through approximately 3,000 employees, in 80 branches and offices. CIBC FirstCaribbean is a member of the CIBC Group of Companies. For more information about CIBC FirstCaribbean, visit www.cibcfcib.com

About CIBC

CIBC is a leading Canadian-based global financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

News date : 10/24/2017    Category : About Bahamians, Business, Community/Charity, Press Releases

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