Feb. 5, 2010

CIBC becomes first major Canadian bank
to offer a Mobile Banking App for iPhone

TORONTO--CIBC announced its CIBC Mobile Banking App is available from the App Store, offering greater flexibility and choice for CIBC clients to bank on the go by becoming the first major bank in Canada to offer a mobile banking App for iPhone. The App gives CIBC clients the flexibility to use their iPhone or iPod touch to check account balances, transfer funds, pay bills and even send INTERAC Email Money Transfers.

"CIBC is proud to be the first major bank in Canada to offer our clients a Mobile Banking App to make banking with CIBC even more flexible on their iPhone," said Sonia Baxendale, President CIBC Retail Markets. "Whether waiting for the bus, sitting in the bleachers at their child's minor hockey game, or having a coffee at their local coffee shop, our clients can perform their day-to-day banking transactions conveniently and securely, anytime and from anywhere they can access the internet on their phones."

The new Mobile Banking App also uses GPS technology in the iPhone to help clients find their nearest branch or ABM based on their current location.

"Our clients told us they want more flexibility to bank however and whenever they want and we've responded," said Baxendale. "In addition to making day-to-day banking more flexible, clients can now use their iPhone to quickly find their nearest CIBC branch or ABM, a great tool when you are shopping, traveling, or looking for a branch across town or across the country."

The CIBC Mobile Banking App is backed by CIBC's award-winning Online Banking, named Canada's "Best Consumer Internet Bank" by Global Finance magazine, and offers worry-free banking with the CIBC Online Security Guarantee. Additional enhancements to CIBC's Mobile Banking offer will be announced in the coming months.

The CIBC Mobile Banking App is also available on the iPod Touch, which clients can use over a wi-fi connection. Clients can visit the App Store on iPhone and iPod touch or go to http://www.cibc.com/cibcapp/ for a free download of the CIBC Mobile Banking App. Once downloaded, users will be asked to provide their CIBC debit card or credit card number and Online Banking password.

To view an online demonstration of the new CIBC Mobile Banking iPhone App, visit cibc.com/mobile.

With the launch of the new iPhone app, CIBC provides its clients with among the most extensive choice for banking across Canada with more than 1,070 branches including 7-day a week branch banking, 3,800 ABMS, 24-hour access through telephone banking, and online banking through www.cibc.com.

"We are making substantial investments so that our clients have the ultimate in banking choice and flexibility whether they are visiting a branch, using an ABM, using telephone banking, banking online or when they are on the go with mobile banking," said Baxendale.