Partnership underscores CIBC's
connectivity to the local community and clients
PALM
BEACH GARDENS, Fla., Nov. 19,
2024 /PRNewswire/ - Today, The Cognizant Classic in
The Palm Beaches and CIBC announced the expansion of their
partnership, signing a multi-year extension with the tournament.
The Cognizant Classic in The Palm Beaches is South Florida's premier PGA TOUR event,
returning to PGA National Resort's Champion Course, from
February 26 to March 2, 2025. The
expanded partnership for CIBC includes the title of official
Private Wealth and Commercial Banking Partner of the event,
entitlement rights to the Champions Club and the presenting sponsor
of the Women's Leadership Forum.
"The expansion of our partnership with the Cognizant Classic
reflects our dedication to supporting events that help foster
connections while reinforcing our commitment to the community
through local initiatives," said Shawn
Beber, President and CEO, CIBC Bank USA. "We look forward to this enhanced
partnership that will elevate the tournament experience for fans
and further highlight how our team members and financial center in
Palm Beach are continuing to build
and deepen relationships."
During championship week, the Cognizant Classic hosts a Women's
Leadership Forum, where more than 150 prominent women leaders will
gather to discuss leadership development and celebrate female
empowerment. Notably, 2025 will mark the inaugural year with CIBC
as the presenting sponsor for this impactful event.
The charitable impact remains the north star of the Cognizant
Classic. In 2024, the tournament distributed over $6.5 million to more than 50 philanthropic
organizations, including $2 million
to Nicklaus Children's Health Care Foundation, the event's main
beneficiary. These charitable initiatives align closely with the
values of CIBC, as they have directly engaged in supporting the
Nicklaus Children's Health Care Foundation and their mission of
providing healthcare to children in need.
CIBC will also continue to sponsor the Champions Club, offering
guests distinctive views of the historic 17th hole complemented
with prime seating and fine food and beverage options. Key
amenities of the club include:
- A climate-controlled interior featuring a blend of indoor
lounge seating and stadium style tip-up seats on the exterior
patio
- All-inclusive food and beverage service throughout the day
- Buffet and bar locations conveniently situated within
venue
- Multiple TVs streaming the tournament broadcast
"We couldn't be more thrilled to expand our relationship with
CIBC for the 2025 edition of the Cognizant Classic," said
Todd Fleming, Executive Director of
the Cognizant Classic in The Palm Beaches. "CIBC has been a great
partner and their dedicated commitment to supporting important
causes in the community such as women's leadership and assisting
local nonprofits is essential to the success of our event as we
continue the tradition of giving back for years to come."
For more information on The Cognizant Classic in The Palm
Beaches, please visit CognizantClassic.com.
About CIBC
CIBC is a leading North American financial
institution with 14 million personal banking, business, public
sector and institutional clients. CIBC offers a full range of
advice, solutions and services in the
United States, across Canada and around the world. In the US, CIBC
Bank USA provides commercial
banking, private and personal banking and small business banking
solutions and CIBC Private Wealth offers investment management,
wealth strategies and legacy planning. Visit us at cibc.com/US.
About the Cognizant Classic in The Palm
Beaches
The Cognizant Classic in The Palm Beaches,
formerly The Honda Classic, has been a mainstay on the PGA TOUR for
more than four decades. The tournament has a star-studded list
of former champions and has made a massive impact on South Florida children's charities with
$6.5 million distribution to more
than 50 philanthropic organizations in 2024 and $75.4 million over the past 42 years, including
more than $59.5 million in the 17
years since the tournament moved to PGA National Resort. The money
impacts the lives of more than 100,000 children annually. Fans are
encouraged to follow the Cognizant Classic in The Palm Beaches on
Facebook, X and Instagram. For more information on the Cognizant
Classic in The Palm Beaches, please visit CognizantClassic.com.
The CIBC logo is a registered trademark of CIBC, used under
license. Member FDIC and Equal Housing Lender.
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SOURCE CIBC
