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Lyte Fiber, a Texas-based fibre broadband provider, has closed a $175 million construction loan facility to accelerate expansion of its fibre-to-the-home network. The financing includes an accordion feature and was led by CIBC Bank USA and Third Coast Bank, with participation from Hancock Whitney Bank, Celtic Bank, Woodforest National Bank and Axiom Bank. The facility comprises a term loan and revolving credit line to fund buildouts across nearly 20 concurrent markets in Texas, including privately funded projects and government-supported broadband initiatives. The capital will also support strategic acquisitions. Founded in 2023 with backing from SDC Capital Partners, Lyte Fiber provides fibre optic internet services to communities across Texas and pledges 1% of revenue to local charities annually.

Payworks is teaming up with CIBC Business Banking to support small businesses across Canada. Published May 8, 2026 Payworks is pleased to announce a new relationship with CIBC Business Banking, designating Payworks as a small business referral partner for payroll and workforce management solutions across Canada. Through this collaboration, CIBC Business Banking clients will have access to the payroll, HR, time and attendance, and analytics tools they need to run their businesses with confidence - all backed by the expert, person-to-person service Payworks is known for. Small business owners carry a heavy operational load, and payroll compliance is one of their most time-sensitive and quickly-evolving responsibilities. This collaboration is designed to ease that burden. CIBC Business Banking clients referred to Payworks will have access to a full suite of workforce management solutions purpose-built for the Canadian market, supported by local payroll experts in communities across the country. "Small businesses are the backbone of the Canadian economy, and they deserve partners who understand the unique challenges of operating and growing in this country," said Matt Sachkiw, Chief Operating Officer at Payworks. "Teaming up with CIBC Business Banking is a natural fit, both organizations are deeply committed to the success of Canadian entrepreneurs, and together we can offer small business clients a more connected, seamless experience across their payroll and workforce management needs." From a single employee to a growing team, Payworks delivers the tools and expertise small business owners need without the complexity or overhead of enterprise-focused platforms. "Our team is dedicated to empowering small businesses with the support and advice they need to help make their business ambitions a reality," said Andrew Antoniadis, Senior Vice-President, Business Banking, CIBC. "Through our collaboration with Payworks, our clients will benefit from streamlined access to payroll and workforce management resources, making it easier for them to focus on what matters most, building their business." With offices and client service teams across Canada, Payworks brings national coverage and local expertise to every client relationship. CIBC Business Banking's extensive coast-to-coast-to-coast presence makes this an ideal collaboration to support small businesses wherever they operate in Canada. About CIBC. CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://cibc.mediaroom.com.

Skip and CIBC enhance collaboration to deliver free Skip+ Membership and Monthly Rewards for Canadians. PR Newswire Today at 9:00am PDT Eligible CIBC cardholders, who have already saved tens of millions through Skip+, can now unlock more savings, more rewards and more value on everyday convenience TORONTO, April 29, 2026 /CNW/ - Skip, Canada's homegrown delivery network, and CIBC, one of Canada's leading financial institutions, today announced an expansion of their strategic collaboration to deliver even greater value to millions of Canadians through Skip+. Built to reward the way Canadians live, Skip+ empowers members to "Skip to the good part" by pairing $0 delivery fees at participating partners and exclusive in-app savings with access to VIP experiences from partners like Live Nation and WestJet. Starting today, eligible cardholders can access an enhanced Skip+ membership program, unlocking free membership and ongoing monthly rewards designed to help Canadians save more on everyday essentials. Building on the momentum of their 2024 launch - which has already helped CIBC customers save tens of millions on Skip - the enhanced program is designed to meet the growing demand for meaningful, recurring value. More ways to save, every month The enhanced program offers a streamlined path to savings for eligible CIBC cardholders, helping Canadians turn everyday ordering into consistent, predictable value from the purchases they already make: * Complimentary Skip+ Membership ($120 yearly value): $0 delivery fees at participating partners and access to member benefits * Welcome Bonus: Save $20 on your first order after linking (minimum $40 order) * Recurring Monthly Rewards: CIBC cardholders earn a $10 voucher every month when placing 4 orders of $30+ (before taxes, tips and fees) in any calendar month * Exclusive Member Perks: Exclusive offers and customized time-sensitive challenges for additional savings "Canadians are looking for smarter ways to make their dollars go further without sacrificing the experiences they love," said Rachel MacAdam, Vice President of Marketing at Skip. "By deepening our partnership with CIBC, we're making Skip+ an even more powerful everyday tool, helping eligible CIBC cardholders save on every order while unlocking exclusive experiences with partners like Live Nation and WestJet." As Canadians increasingly look to maximize value from a single loyalty ecosystem, the enhanced Skip+ and CIBC program reflects a broader shift in how Canadians engage with loyalty, prioritizing consistent, everyday value over one-off rewards. Together, Skip and CIBC are redefining what everyday loyalty looks like. Customers can link their eligible CIBC credit or debit card directly in the Skip app by visiting the My Skip tab (or by visiting the link here to start accessing these enhanced benefits today). About Skip Skip is Canada's homegrown delivery network. What started in 2012 as a local start-up in the Prairies has grown into a Canadian technology success story, connecting millions of Canadians in over 450 cities and towns with more than 50,000 local restaurant, grocery, convenience and retail partners. With a vision to empower everyday convenience, Skip helps Canadians get what they need, when they need it - so they can Skip to the Good Part of their day. As a subsidiary of Just Eat Takeway.com, one of the world's leading on-demand delivery companies, Skip combines local expertise with global scale to provide fast, reliable service when it matters most. About CIBC CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre. SOURCE Skip This is a paid placement. For further inquiries, please contact PR Newswire directly.