CIBC's grand opening of new Vaughan branch



    CIBC celebrates new, larger location with a $2,500 donation to Hospice
    Vaughan

    VAUGHAN, ON, June 7 /CNW/ - Today, CIBC celebrates the grand opening of
its new 8,500 square-foot full-service branch in Vaughan at the corner of Jane
Street and Norwood Avenue. The new larger branch replaces CIBC's previous
location at Keele Street and Major Mackenzie Drive and will incorporate the
CIBC advisory team previously located at 10048 Keele Street. This will provide
CIBC clients with improved access to our full range of products and advisory
services.
    "CIBC's new larger branch offers our clients in the community greater
flexibility, access and choice with service in English, Italian, Portuguese,
Albanian, Punjabi and Urdu," said Larry Tomei, Senior Vice-President, CIBC
Retail Markets, Central Ontario. "The investment CIBC is making in Vaughan
demonstrates our commitment to meeting the financial needs of this vibrant and
growing community."
    "This new location places CIBC close to where our clients live, work and
shop," added Tomei.
    The branch features extended hours and five Automated Banking Machines
(ABMs), including a drive-thru ABM, offering a convenient option for the
area's rapidly expanding residential population.
    The new branch, which is approximately double the size of CIBC's previous
location at Keele and Major Mackenzie Drive, will be open six days a week and
offers clients extended operating hours.

    
    The hours of operation are:

        Monday - Wednesday:   9:30 am - 4:00 pm
        Thursday - Friday:    9:30 am - 7:00 pm
        Saturday:             9:30 am - 4:00 pm
    

    As previously announced, CIBC will open two additional full-service
branches in Vaughan at Centre Street and Bathurst Street this fall and at
Major Mackenzie Drive and Dufferin Street in the winter of 2009.
    These new branches are part of CIBC's strategic plan to build, relocate
and expand over 70 branches by 2011.
    CIBC clients also benefit from access to more than 3,700 automated bank
machines, 24/7 service over the phone and on Canada's leading online banking
site, www.cibc.com.
    To mark the opening, CIBC is donating $2,500 to Hospice Vaughan, which
offers supportive care to individuals from the Vaughan community and their
families who are facing a life-threatening illness. The funds will go towards
helping the hospice's team of professionally trained staff and volunteers
provide quality care, counsel individuals and their families, and ensure the
bereaved family and friends are supported.
    "This generous donation will bring improvements to our services for youth
and our Day Program for the elderly," said Nancy Henry, Executive Director of
Hospice Vaughan. "The funds will allow us to better address the needs of
children who are grieving a death."
    "Our highly trained social workers go into the schools to educate and
support students and staff with individual, group and crisis response
support," continued Ms. Henry. "The funds will also provide a year's worth of
nutritious lunches for our elderly clients who we bring to the hospice where
they find a warm and caring environment to share their concerns, receive
support, and enjoy a hot meal. The outing provides a break for the at-home
caregiver and gives the client an opportunity for social interaction and
emotional support, which lifts their spirits as they face their health
challenges."

    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.




For further information:

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


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