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TheStreet Open House

CIBC Partners With Toronto Pearson To Offer 'first Class' Banking Experience At Canada's Largest Airport

Stock quotes in this article: CM

Multi-year deal will see CIBC become exclusive Financial Institution sponsor of the Airport

TORONTO, Dec. 5, 2013 /CNW/ - CIBC (CM: TSX) (CM: NYSE) and the Greater Toronto Airports Authority (GTAA) are proud to announce an innovative new partnership focused on enhancing the travel experience for the more than 35 million passengers that pass through Canada's largest airport every year.

The multi-year partnership, which establishes CIBC as the GTAA's exclusive Financial Institution sponsor, is part of CIBC's continued commitment to providing Canadians with innovative banking solutions.

"CIBC is excited to partner with the GTAA in its efforts to enhance the travel experience for passengers at Canada's largest Airport, including providing financial services," said Stephen Forbes, Executive Vice President, CIBC. "The reality is, most people now spend a couple of hours at the Airport before their flight. Having the ability to take care of your financial needs at Toronto Pearson is another example of how, as a CIBC client, you can bank where, how and when you want."

"This partnership with CIBC shows that we are willing to work with outstanding Canadian and international brands with the objective of adding value for passengers and employees," said Howard Eng, President and CEO at the GTAA. "The GTAA and CIBC are both showing their commitment to improved customer service and in-terminal amenities. We believe that this partnership with CIBC will generate new and innovative ways to serve passengers and employees throughout the Airport.  Through this collaborative relationship, two great companies will enhance their collective customers' experiences."

Under the partnership, CIBC clients and travellers at large will benefit from having access to financial services through Airport branches, ABMs, mobile / online banking and marquee activation areas throughout the Airport. These special areas are designed to address the needs of business travellers, newcomers and families with kids.

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