CIBC announces plans for three more new or expanded Alberta locations

New branches to offer clients more opportunities to bank and get trusted advice

CALGARY and EDMONTON, March 10 /CNW/ - Today CIBC announced the locations of three additional full-service banking centres it will open or expand in Alberta over the next 12 months. Since the beginning of 2008, CIBC has built, relocated or expanded 14 branches in the province to offer clients greater access and choice.

"These new and expanded branches will give our clients more banking options," said Mike Stevenson, CIBC's Senior Vice-President of Retail Markets for Western Canada. "We are investing in the long-term growth of Alberta communities and in a better banking experience for our clients."

Today's announcement includes the following locations CIBC will open or expand:

    
    -   Main Street in Airdrie in summer 2010
    -   Symons Valley Road and Symons Valley Parkway in Calgary in early 2011
    -   199th Street and 62nd Avenue in Edmonton in early 2011
    

"In addition to increasing our physical presence in the province, we are also hiring great people to join our team in Alberta," added Stevenson. "We encourage exceptional candidates to visit our online career site to apply."

CIBC's new branches feature extended hours and barrier-free banking facilities, including sit-down teller stations and fully-accessible Automated Banking Machines (ABMs). Many of these branches offer service in multiple languages reflecting the diversity of the communities they serve.

With 1073 branches, CIBC clients have access to one of the largest branch networks in Canada. These Alberta branches are among 20 new or expanded locations in high growth Canadian communities CIBC announced today as part of a continued investment in enhancing the banking experience for its clients.

In addition to convenient branch hours, including evening, Saturday and Sunday hours at select locations, CIBC offers clients among the most extensive banking choices in the country with more than 3,800 ABMs and 24-hour access through telephone banking, online banking and mobile banking on iPhone. In February, CIBC became the first Canadian bank to offer a Mobile Banking app for iPhone.

CIBC (CM: TSX;NYSE) 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.

For further information: Media contact: Doug Maybee, Director, External Communications and Media Relations, [phone] or [email protected]