CIBC Celebrates 50 Years in Vegreville

 Rosanne Fortier - News Correspondent

 On October 21, the Canadian Imperial Bank of Commerce was thrilled to commemorate its 50 years in the same location in Vegreville.

For their anniversary, they served cupcakes, had a raffle, and displayed various photo albums.

Banking Centre Leader Shannon Currie shared that the roots in Vegreville go back more than 120 years.

On June 1, 1961, the Canadian Bank of Commerce and the Imperial Bank of Canada came together to form the Canadian Imperial Bank of Commerce. This merger brought together legacies dating back to 1867 and 1875.

“Our connection to Vegreville began on September 11, 1905, when The Canadian Bank of Commerce opened its first branch here. That original building, constructed with logs and clay and with a bare earth floor, was a testament to the pioneering spirit of the time. It was quickly replaced in 1906 by a “prairie prefab”—a structure that could be built in just two days, enabling the bank to serve new communities springing up across Western Canada. These prefabricated banks were more than places of business; they were homes for our employees, providing both shelter and security.”

Currie went on to state that in 1921,  a permanent two-storey brick building was established, featuring polished hardwood floors and solid oak furnishings—a significant upgrade from their humble beginnings.

Their current banking centre opened its doors on September 29, 1975.

Currie closed by expressing her gratitude for leading this amazing team and all they do! “And to our clients, and the entire Vegreville community, for your trust and partnership. Here’s to the next 50 years of success, service, and shared achievement.”