First downtown Vancouver area branch to be open for business
    7 days a week

    VANCOUVER, Jan. 31 /CNW/ - Today, CIBC (CM: TSX;NYSE) opens the doors to
a new 3,500 square-foot full service branch at the northeast corner of
Helmcken Street and Homer Street in Yaletown. This new branch is CIBC's first
location to open in Yaletown and CIBC's 54th full service branch in Greater
Vancouver.
    "CIBC's new location in Yaletown will allow us to better serve our
clients and demonstrates our commitment to meeting the financial needs of this
vibrant and growing community," said Wendy Slavin, Senior Vice President of
Western Canada, CIBC Retail Markets. "The significant investment CIBC is
making in Yaletown allows us to provide clients with greater flexibility,
access and choice."
    Located within the historic warehouse district, the branch offers the
latest of modern conveniences, while preserving the character and historic
elements of the restored warehouse, including original exposed brickwork,
posts and beams.
    The Yaletown branch is open seven days a week - a first for the downtown
Vancouver area. It features extended hours and two Automated Banking Machines
(ABMs), offering a convenient option for the area's rapidly expanding
residential population.The hours of operation are:

    Monday - Wednesday:      9:30 am - 4:00 pm
    Thursday - Friday:       9:30 am - 7:00 pm
    Saturday:                9:30 am - 4:00 pm
    Sunday:                  12:00 pm - 4:00 pm"Our new Yaletown branch offers a full range of advice, service and sales
offers," added Slavin. "This branch opening represents a major investment in
the city and is part of CIBC's strategic plan to build, relocate and renovate
over 70 branches over the next five years."
    CIBC clients also benefit from access to more than 3,800 automated bank
machines, 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 customers. 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.