(October 10 – 12:50 ET) – On Wednesday, October 12, CIBC and Safeway Inc. will unveil a new online bank for customers in the United States. The first Safeway SELECT Bank pavilions will be launched in San Jose – the heart of the Silicon Valley – as well as in Sacramento. and Denver.

Safeway SELECT Bank says it is building on CIBC’s success in creating President’s Choice Financial with Loblaw Companies Limited in Canada, as well as Marketplace Bank with the Winn-Dixie grocery chain in the southeastern United States. Over 420,000 customers have been acquired. New customers are joining at a rate of 17,000 per month.
-IE Staff