CIBC announces the locations of seven new banking centres to open in the GTA
TORONTO, Oct. 29 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC today announced the locations of seven new full service branches in the Greater Toronto area to provide its clients with greater flexibility, access and choice. These new branches are being opened in the high-growth communities of Aurora, Brampton, Milton, Richmond Hill, Vaughan and Whitby. "The Greater Toronto Area includes the fastest growing municipalities in the country. These new full service branches are meant to keep pace with these high growth communities," said Larry Tomei, Senior Vice President of Central Ontario, CIBC Retail Markets. "The significant investment we are making in our GTA branch network over the next few years will help us achieve our goal of being a leader in client relationships." The new locations include:- Bayview and Wellington in Aurora, ON; - Bovaird and Airport Road in Brampton, ON; - Thompson and Steeles in Milton, ON; - Yonge and Tower Hill in Richmond Hill, ON; - Dufferin and Major Mackenzie in Vaughan, ON; - Jane and Norwood in Vaughan, ON; and - Taunton and Garden in Whitby, ON.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. "Our new branches will feature extended hours and CIBC's full range of advice, sales and service offers," continued Tomei. 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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