Bringing banking closer to where people live, work and shop

    TORONTO, April 3 /CNW/ - CIBC today announced it will open four 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
Toronto, Oakville, Milton and Vaughan. Since October 2007, CIBC has announced
11 new branches to open in the GTA over the next two years.
    "We are making an important investment in our GTA branch network to
provide greater access for our clients in high-growth communities," said Larry
Tomei, Senior Vice President of Central Ontario, CIBC Retail Markets. "These
branches will feature extended hours and CIBC's full range of advice, sales
and service offers to help clients conveniently meet their banking needs."The new GTA branches will be located at:

    -   Spadina and Bremner in Toronto;
    -   Dundas and Trafalgar in Oakville;
    -   Derry and Thompson in Milton; and
    -   Centre and Bathurst in Vaughan.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 1,049 full service branches,
combined with these new locations, ensures a strong presence where clients
live, work and shop.
    Clients benefit from CIBC's convenient hours, including evening and
Saturday banking in many of its branches, as well as Sunday hours in select
urban branches, including Bathurst and Lawrence, Dundas and Spadina, and
Bayview Village in Toronto. CIBC clients also benefit from access to more than
3,700 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 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, 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.