New branches to offer clients more opportunities to bank and get trusted advice

TORONTO, March 10 /CNW/ - Today CIBC announced the locations of six full-service banking centres it will open or expand in the Greater Toronto Area over the next 12 months. Since the beginning of 2008, CIBC has built, relocated or expanded 16 branches in the region to offer clients greater access and choice.

"These new and expanded branches will give our clients who live, work and shop in Greater Toronto more banking options," said Larry Tomei, CIBC's Senior Vice-President of Retail Markets for Central Canada. "We are investing in the long-term growth of GTA communities and in a better banking experience for our clients."

Today's announcement includes the following locations CIBC will open or expand:

-   Britannia Road and Latimer Drive in Mississauga in summer 2010
    -   Erin Mills Town Centre in Mississauga in summer 2010
    -   Dundas Street and Postmaster Drive in Oakville in early 2011
    -   Queen Street and Woodbine Avenue in Toronto in summer 2010
    -   1500 Royal York Road in Toronto in summer 2010
    -   McCowan Road and Bullock Drive in Markham in spring 2010

"In addition to increasing our physical presence across the GTA, we are also hiring great people to join our team," added Tomei. "We encourage exceptional candidates to visit our online career site to apply."

CIBC's new branches feature extended hours and barrier-free banking facilities, including sit-down teller stations and fully-accessible Automated Banking Machines (ABMs). Many of these branches offer service in multiple languages reflecting the diversity of the communities they serve.

With 1073 branches, CIBC clients have access to one of the largest branch networks in Canada. These GTA branches are among 20 new or expanded locations in high growth Canadian communities CIBC announced today as part of a continued investment in enhancing the banking experience for its clients.

In addition to convenient branch hours, including evening, Saturday and Sunday hours at select locations, CIBC offers clients among the most extensive banking choices in the country with more than 3,800 ABMs and 24-hour access through telephone banking, online banking and mobile banking on iPhone. In February, CIBC became the first Canadian bank to offer a Mobile Banking app for iPhone.

CIBC (CM: TSX;NYSE) 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, and has offices 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.