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CIBC announced a new sponsorship agreement with the Montreal Canadiens that reflects the organizations' shared purpose of strengthening the relationship with the team's fans and supporting communities across the province. "The Canadiens' storied franchise holds a special place in the hearts of the people of Quebec and hockey fans everywhere - and we are proud to partner with the team to make their fans' ambition to bring a championship back to Montreal a reality," said Stephen Forbes, Executive Vice-President, Purpose, Brand, and Corporate Affairs, CIBC. "In addition, the genuine enthusiasm our Quebec team members have for the Habs will undoubtedly be on display throughout the season - adding significant bench strength to an already passionate fan base." Beginning with the 2021-2022 hockey season, key aspects of the partnership include CIBC's recently unveiled brand adorning the team's white away helmets and displayed prominently at the club's home arena in Montreal, including at centre ice. The branded helmets will be revealed during the Canadiens' September 25 preseason game in Toronto. In addition, CIBC is working with the Canadiens to engage fans in new and unique ways, in and outside of the arena. The partnership will involve the two organizations collaborating on fan activities, exciting experiences, and more. Further information and details will be announced in the coming months.

CIBC (CM) announced that it has signed a long-term agreement to become the exclusive issuer of Costco (COST) Mastercards in Canada, expected to start in early calendar year 2022. CIBC will also acquire the existing Canadian Costco credit card portfolio, which meets the needs of millions of Canadians and has over $3 billion in outstanding balances. Mastercard (MA) will remain the exclusive payment network for the Costco cobranded credit card in Canada and acceptance in Costco warehouses in Canada. The new CIBC Costco Mastercard will provide valuable rewards for shopping at all Canadian Costco warehouses and at Costco.ca, and will serve as the Costco membership card. It may also be used at merchants worldwide that accept Mastercard. Existing Capital One Costco Mastercard cardholders can continue to use their current card until receiving their new CIBC Costco Mastercard, expected to start in early calendar year 2022. Additional information regarding the card offering and program transition will be available in the coming months. CIBC expects the purchase of the current Costco co-brand credit card portfolio to close and convert to CIBC in early calendar year 2022, subject to customary closing conditions. CIBC will then begin issuing the new CIBC Costco Mastercard to the converted portfolio and take new applications both online and in Costco Canada warehouses.