CIBC celebrates 100 years in Kelowna with $15,000 donation to the Kelowna Family YMCA-YWCA

$15,000 donation to the Kelowna Family Y expansion project to support increased program participation

KELOWNA, BC, April 20 /CNW/ - Today, local CIBC branch manager David Knapp and his staff are celebrating the 100th Anniversary of the CIBC branch on 328 Bernard Avenue in Kelowna with an Open House from 1:30 - 3:00. Guests of the branch can enjoy cake, coffee and refreshments and at 2:00pm, CIBC will present a $15,000 donation to the Kelowna Family YMCA-YWCA.

"CIBC is committed to supporting causes that matter to our clients, our employees and our communities. We aim to make a difference in communities through corporate donations supporting initiatives like the Kelowna Family Y expansion project that will allow them to increase the capacity of people they can support," said Mike Stevenson Senior Vice-President, Western Canada. "We are committed to investing in the social and economic development of communities, like Kelowna, across the country".

"We are incredibly grateful to CIBC for this wonderful gift to the Kelowna Family Y Capital Expansion Project," said Ron Stewardson, Board President of the YMCA-YWCA of the Central Okanagan. "This level of support says a lot about CIBC and their investment in the lives of kids, families and adults from our community. It's so nice to see a major corporation show genuine care and commitment to the health and wellbeing of Kelowna residents. Congratulations on your 100th year milestone!"

The Kelowna Family YMCA-YWCA serves the health and wellness needs of more than 20,000 people. Over the past five years participation in programs has grown by 62%, and current facilities have reached their maximum potential. This expansion program will allow the Kelowna Family Y to add 18,000 square feet to accommodate a gymnasium, youth centre, child and family centre, walking/running rack and a preventative health and wellness centre.

"For 100 years, we have been helping our clients in Kelowna meet their financial needs and achieve what matters to them," added Stevenson. "Recognizing that every client is unique, we are proud of our advice and customized solutions that are tailored to meet our clients' individual goals. We look forward to serving our clients in this neighborhood for many more years to come."

Branch history

The branch operated out of a small temporary structure for a few years until a two-storey brick building opened at 328 Bernard Avenue around 1914. The building was replaced with a new one in 1962. An expanded branch, the current one, opened around 1986. The 1962 building was incorporated into the larger branch.

With nearly 1,100 branches, CIBC clients enjoy access to one of Canada's largest branch networks, including full-service banking and advice on Saturdays and evenings at more than 500 branches and Sunday banking at 48 branches. CIBC clients also benefit from access to almost 4,000 automated bank machines, and 24/7 service by phone, online and through mobile banking. To find out which CIBC branches offer weekend and evening branches, clients can click on Branch hours & ABMs at 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, 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.

SOURCE CIBC

For further information: Media contact: Joan Peters at 416-980-5505 or joan.peters@cibc.com


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