CIBC announces the locations of three new banking centres to open in Greater Vancouver area



    VANCOUVER, Oct. 29 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC today announced it
is investing in three new full service branches in the Greater Vancouver area
to provide its clients with greater flexibility, access and choice.
    These new branches are being opened in the high growth communities of
Yaletown, White Rock, and Surrey.
    "The Greater Vancouver area is experiencing rapid growth and these new
full service branches will ensure that we keep pace with this development,"
said Wendy Slavin, Senior Vice President of Western Canada, CIBC Retail
Markets. "The significant investment we are making in our Vancouver area
branch network over the next few years will ensure we continue to provide our
clients with greater flexibility, access and choice."
    The new locations include:

    
    -   Helmcken and Homer, (Yaletown) in Vancouver, BC;

    -   Grandview Corners in White Rock, BC; and

    -   Panorama Village in Surrey, BC.
    

    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.
    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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