CIBC announces the locations of seven new banking centres to open in the GTA



    TORONTO, Oct. 29 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC today announced the
locations of seven 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 Aurora, Brampton,
Milton, Richmond Hill, Vaughan and Whitby.
    "The Greater Toronto Area includes the fastest growing municipalities in
the country. These new full service branches are meant to keep pace with these
high growth communities," said Larry Tomei, Senior Vice President of Central
Ontario, CIBC Retail Markets. "The significant investment we are making in our
GTA branch network over the next few years will help us achieve our goal of
being a leader in client relationships."

    The new locations include:

    
    -   Bayview and Wellington in Aurora, ON;
    -   Bovaird and Airport Road in Brampton, ON;
    -   Thompson and Steeles in Milton, ON;
    -   Yonge and Tower Hill in Richmond Hill, ON;
    -   Dufferin and Major Mackenzie in Vaughan, ON;
    -   Jane and Norwood in Vaughan, ON; and
    -   Taunton and Garden in Whitby, ON.
    

    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 locations, ensures a strong presence where its clients
live, work and shop.
    "Our new branches will feature extended hours and CIBC's full range of
advice, sales and service offers," continued Tomei.
    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 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.





For further information:

For further information: Media contact: Doug Maybee, Director, External
Affairs and Media Relations, (416) 980-7458 or doug.maybee@cibc.com


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