TORONTO , Jan. 16, 2012 /CNW/ – CIBC (TSX: CM.TO – News); (NYSE: CM.TO – News) today
announced the following special mortgage rate offers, effective January
17 ^th, 2012:

            4-year Fixed-Rate Mortgage  2.99 per cent
            7-year Fixed Rate Mortgage  3.99 per cent

These offers are in addition to the competitive mortgage offers across
CIBC’s full mortgage product lineup.

A CIBC poll released December 28 ^th 2011 revealed that Canadians have made paying down debt their number
one financial priority entering the New Year. These lower fixed
mortgage rates will help Canadians pay down their mortgage faster as
part of their overall financial plan.

“We know Canadians are focused on effective debt management as part of
their overall financial plans, and these special offers on CIBC fixed
rate mortgages will help new homebuyers and existing mortgage holders
reduce interest costs and pay down their mortgage sooner,” commented
Colette Delaney , Senior Vice-President, Mortgage, Lending, Insurance,
and Deposit Products, CIBC. “Getting the right advice about which
mortgage is right for you is an important first step towards reaching
your financial goals.”

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.