CIBC announces the locations of three new banking centres to open in Greater Vancouver area
VANCOUVER, Oct. 29 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC today announced it is investing in three new full service branches in the Greater Vancouver area to provide its clients with greater flexibility, access and choice. These new branches are being opened in the high growth communities of Yaletown, White Rock, and Surrey. "The Greater Vancouver area is experiencing rapid growth and these new full service branches will ensure that we keep pace with this development," said Wendy Slavin, Senior Vice President of Western Canada, CIBC Retail Markets. "The significant investment we are making in our Vancouver area branch network over the next few years will ensure we continue to provide our clients with greater flexibility, access and choice." The new locations include:- Helmcken and Homer, (Yaletown) in Vancouver, BC; - Grandview Corners in White Rock, BC; and - Panorama Village in Surrey, BC.As part of its strategic plan, CIBC will build, relocate and expand over 70 new branches across Canada by 2011. CIBC already has one of the largest branch networks in Canada. Its current network of 1,048 full service branches, combined with these new locations, ensures a strong presence where its clients live, work and shop. CIBC offers its clients convenient hours, including evening and Saturday banking hours in many of its branches, as well as its recently announced plans to open on Sundays in select urban branches. CIBC clients also benefit from access to more than 3,800 automated bank machines, and 24/7 service over the phone and on Canada's leading online banking site, www.cibc.com. CIBC is a leading North American financial institution with almost 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, in the United States and around the world. For more information about CIBC visit www.cibc.com.
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