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Township Maintains Operating Line of Credit With CIBC

Township of Ignace logoTownship of Ignace
Disclosed value
Up to $50,000 operating line of credit
From agenda
Document date
Aug 13, 2026
Term
Operating line of credit due on demand

The 30-second brief

What it covers

The Township of Ignace maintains a $50,000 operating line of credit with the Canadian Imperial Bank of Commerce to support general municipal operations. The demand facility carries interest at prime plus 5.750% and is currently unused.

Who holds it

Canadian Imperial Bank of Commerce holds this financial services contract with Township of Ignace. Its other public contracts on record include work for Village of Fraser Lake and Lake Grove Park District.

What happens next

Term as filed: Operating line of credit due on demand.

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Contract details

Contract type
Financial Services
Amount
Up to $50,000 operating line of credit
Document date
August 13, 2026
Term
Operating line of credit due on demand
Vendor
Canadian Imperial Bank of Commerce
Agency
Township of Ignace
Source document
The Corporation of the Township of Ignace Agenda 2026-08-13 (Agenda)

Canadian Imperial Bank of Commerce's other public contracts

Village of Fraser Lake, BCFraser Lake Authorizes $2.28 Million Bank Borrowing · Sep 8, 2026$2.3MLake Grove Park District, OregonDistrict Executes Treasury Trades via CIBC · Aug 10, 2026Municipality of West Perth, CanadaCIBC Loan Financing Municipal Land Purchase · Aug 10, 2026UndisclosedBeamsville District Secondary School, CanadaBoard Approves Nearly $20M Interim Loan from CIBC · Jun 9, 2026Beamsville District Secondary School, CanadaDSBN Authorizes $26.3M Capital Borrowing Line with CIBC · Jun 9, 2026All Canadian Imperial Bank of Commerce contractsVendor profile

More Township of Ignace contracts

Anderson, BrianIgnace Appoints Brian Anderson To Audit Committee · Oct 13, 2026CENTRALSQUAREIgnace Reviews CentralSquare Municipal Finance Software · Oct 13, 2026UndisclosedLandsdell-roll, StevenIgnace Appoints Steven Landsdell-Roll To Committee · Oct 13, 2026One InvestmentIgnace Prepares ONE Investment Program Application · Oct 13, 2026UndisclosedCity of KenoraIgnace Approves Joint Audit Committee Cost Share · Oct 13, 2026All Township of Ignace activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Township of Ignace?

Canadian Imperial Bank of Commerce was awarded this financial services contract by Township of Ignace, as recorded on August 13, 2026. The contract value is Up to $50,000 operating line of credit.

How much is the Canadian Imperial Bank of Commerce contract with Township of Ignace worth?

The Canadian Imperial Bank of Commerce contract with Township of Ignace is valued at Up to $50,000 operating line of credit, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in The Corporation of the Township of Ignace Agenda 2026-08-13 (Agenda), dated August 13, 2026 from Township of Ignace. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Canadian Imperial Bank of Commerce hold?

Canadian Imperial Bank of Commerce may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Township of Ignace currently buying?

Explore Township of Ignace's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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