SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
---------------------------------------
PURSUANT TO SECTION 13 OR 15 (D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 21, 1996
INTERNATIONAL BANCSHARES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Commission File Number 0-9439
TEXAS 74-2157138
(State or other Jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
1200 SAN BERNARDO, LAREDO, TEXAS 78040-1359
(Address of principal executive offices) (ZIP Code)
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (210) 722-7611
NONE
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
On November 21, 1996, International Bancshares Corporation ("IBC") issued
a news release announcing the expected consummation of the acquisition by
International Bank of Commerce, Laredo, Texas, IBC's lead bank subsidiary, of
three branches of Home Savings of America, F.S.B. located in San Antonio, Texas.
The news release, attached hereto and filed herewith as Exhibit 99, is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
c. Exhibits
The following exhibit is filed as part of this report:
(99) News release of International Bancshares Corporation dated
November 21, 1996.
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTERNATIONAL BANCSHARES CORPORATION
(Registrant)
By: /s/ DENNIS E. NIXON
DENNIS E. NIXON, President,
and Chief Executive Officer
Date: December 27, 1996
3
<PAGE>
EXHIBIT INDEX
Exhibit Page
Number Description Number
99 News Release of International 5
Bancshares Corporation dated
November 21, 1996
EXHIBIT 99
FOR IMMEDIATE RELEASE Contact: Tom Travis
IBC-San Antonio
210-518-2500
Debby Dudley
PR Coordinator
972-991-4481
IBC COMPLETES PURCHASE OF THREE
SAVINGS OF AMERICA BRANCHES
SAN ANTONIO, TX., November 21, 1996, Thomas L. Travis, President of IBC-San
Antonio, announced today that final regulatory approvals have been received for
International Bank of Commerce (IBC) to complete the purchase of Savings of
America's three branches in San Antonio.
Located at 5900 Broadway, 2201 N.W. Military Hwy., and 5401 Walzem Road, these
branches are expected to close as Savings of America on Thursday, November 21,
1996, and open Friday morning, November 22, 1996, as fully operating branches of
IBC. With the Savings of America branches, and recently opened Albertsons
supermarket branches, IBC has doubled the number of San Antonio locations over
the past year to thirteen branches.
"The completion of this acquisition underscores our commitment to making IBC's
highly personalized brand of banking accessible throughout the San Antonio
area," said Tom Travis. "With the convenience afforded by our new branch in
Alamo Heights and our rapidly expanding network of supermarket branches, IBC-San
Antonio is doing more to meet the banking needs of today's busy consumer."
The purchase of these Savings of America branches further strengthens and
complements IBC's aggressive expansion throughout South Texas, extending IBC's
presence to 55 locations in 18 Texas communities.
International Bancshares Corporation is a $3 billion multi-bank holding company
headquartered in Laredo, with facilities in Laredo, San Antonio, McAllen,
Brownsville, Zapata, throughout the Rio Grande Valley, Corpus
Christi, Bay City and Port Lavaca.
