First Caribbean Bank to relocate San Pedro Branch operations to Orange Walk Town

Thursday, May 17th, 2012

SAN PEDRO, AMBERGRIS CAYE, May 16, 2012

CIBC FirstCaribbean has announced its intention to relocate its San Pedro Branch operations
to Orange Walk Town.

To facilitate this move our San Pedro branch will close permanently to the public  on June 15, 2012.

In an official statement, Country Head, Glen Smith indicated that the current economic climate had necessitated a thorough review of the bank’s operations, resulting in strategic decision to relocate to the Orange Walk District.

We remain committed to our clients in San Pedro and we encourage them to continue to bank with us through a number of options, including our Visa Debit Card products; Internet and Telephone Banking; and by mailing in Cheque Deposits.  We are also exploring additional options for providing banking services to our clients in the area that will be advised to our clients as they are finalized.

He added that the new Orange Walk facility will provide CIBC FirstCaribbean with excellent opportunities for improving customer service while continuing to play its role as responsible corporate citizen in a new community.

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About CIBC FirstCaribbean

CIBC FirstCaribbean is the largest, regionally-listed bank in the English and Dutch speaking Caribbean serving over 500,000 accounts in 17 markets, through 3,400 staff, across 100 branches and offices. The bank offers a full range of market-leading financial services in: Corporate and Investment Banking, Treasury Sales and Trading, Retail Banking, Wealth Management, Small Business and Credit Cards.

CIBC FirstCaribbean is a member of the CIBC Group. CIBC (TSX, NYSE: CM) is a leading North American financial institution serving clients in Canada and around the world. Through its distinct business lines, CIBC Retail Markets and Wholesale Banking, CIBC provides a full range of products and services to almost 11 million individual, small business and commercial banking clients and meets the financial needs of corporate and institutional clients. CIBC is rated A+/Stable/A-1 by Standard & Poor’s.

For more information about CIBC FirstCaribbean, visit www.cibcfcib.com

Media contact:
Debra King, Director of Corporate Communications, CIBC FirstCaribbean, Barbados Head Office; telephone: 246 367 2248; fax: 246 421 7148 and email: [email protected].

Media contact:
Glen Smith, Country Head, CIBC FirstCaribbean, 21 Albert Street, Belize City, Tel: 227-7212

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