The Federal Reserve Board approved on Monday an application by Canadian Imperial Bank of Commerce to provide electronic banking in Florida supermarkets.

To deliver the service under the name Marketplace Bank, the Toronto-based parent will form CIBC National Bank in Maitland, Fla. A pilot program is expected to start in the fourth quarter in 40 Winn-Dixie Stores Inc. supermarkets, provided further approvals are granted by the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, a bank spokeswoman said.

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