CIBC doubles the number of branches open Sunday, adds more Saturday branches
and adds more hours during the week
TORONTO, Oct. 1, 2012 /CNW/ - CIBC (TSX:CM) (NYSE: CM) announced today that it
is doubling the number of branches open on Sundays, opening another 92
branches on Saturdays and staying open later on weekdays at branches across
the country to better meet the needs of Canadians' busy lives.
"Canadians are increasingly looking to sit down with their advisor to build a
financial plan when it best suits their schedule," said Christina Kramer,
Executive Vice-President, CIBC. "For many Canadians, this is only possible on
weekends. So whether it's after work or after the kids have been dropped off
at hockey practice on the weekend, we now provide clients greater flexibility
as to when they want to bank with us."
CIBC first opened select branches on Sundays in 2007, and now has over 100
Sunday hour branches, more than 600 open on Saturdays.
In research released earlier this year from CIBC and Harris/Decima, only 49
per cent of Canadians had met with an advisor in the last 12 months. Those
that had met with a financial advisor were more likely to feel positive about
their financial situation today (69 per cent) versus those who had not met
with an advisor (60 per cent). They were also more likely to feel confident
about reaching their future goals (77 per cent vs 69 per cent).
"With Canada's boomers rapidly approaching retirement, and many Canadians
focused on managing debt as part of their financial plans, it's never been
more important to meet with an advisor to ensure you are taking the right
steps towards your financial goals," adds Ms. Kramer. "We believe in the value
of these conversations, and we're now expanding our hours to give more
Canadians an opportunity to achieve what matters to them."
Along with CIBC's network of close to 1,100 conveniently located branches,
CIBC also offers its clients access to more than 3,500 ABMs, 24/7 telephone
and mobile banking services and Canada's leading online banking site, 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.
Media contact: Sean Hamilton, Communications and Public Affairs, CIBC at
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CO: Canadian Imperial Bank of Commerce
NI: FIN NP
-0- Oct/01/2012 16:33 GMT
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