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CIBC modifies hours, temporarily closes branches amid coronavirus outbreak

Last Updated Mar 17, 2020 at 5:39 am PDT

A CIBC sign is shown in the financial district in Toronto on Tuesday, August 22, 2017. THE CANADIAN PRESS/Nathan Denette
Summary

Some CIBC branches will be closing temporarily amid the COVID-19 pandemic

The bank says some branches will be operating on modified hours

The bank is also introducing assistance for clients impacted by job loss or other circumstances

TORONTO – Canadian Imperial Bank Of Commerce is changing the hours at its bank branches and temporarily closing some that do not offer over-the-counter cash and banking services in an effort to help slow the spread of COVID-19.

The bank says 816 of its locations will remain open, but operate under modified hours, while 206 will temporarily close effective Wednesday.

CIBC says any employee affected by the temporary changes will continue to receive their full pay.

The bank is also introducing assistance for clients impacted by job loss or other circumstances and urged those that need help to contact the bank to review options.

The move comes as public health officials urge people to limit contact with others in an effort to limit the threat of the novel coronavirus.

Businesses across the country have responded by cutting back, changing their operations and finding ways to allow employees to work from home.