VANCOUVER, Oct. 29 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC today announced it
is investing in three new full service branches in Alberta to provide its
clients with greater flexibility, access and choice.
    These new branches are being opened in the high growth communities of
Calgary and Edmonton.
    "We are expanding our branch network to keep pace with the rapid growth
in Calgary and Edmonton," said Wendy Slavin, Senior Vice President of Western
Canada, CIBC Retail Markets. "These new branches will ensure we continue to
provide our clients with a consistent, high quality experience, excellent
products and exceptional advisory solutions at locations that are convenient
to them."The new locations include:

    -  130th Avenue and 50th Street in Calgary, AB;
    -  Anthony Henday and Terwillegar in Edmonton, AB; and
    -  St. Albert Trail and Giroux (St. Albert) in Edmonton, AB.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 branches, 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 continues to evolve to meet the changing needs of our clients.
These three new branches in Alberta will feature modern facilities,
state-of-the-art equipment and longer hours," continued Slavin.

    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.