SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDING THE
CURRENT REPORT ON FORM 8-K
FILED MARCH 14, 1997
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PURSUANT TO SECTION 13 OR 15 (D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 10, 1997
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)
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ITEM 5. OTHER EVENTS
On March 10, 1997, International Bancshares Corporation ("IBC") issued a
news release announcing that International Bank of Commerce, Laredo, Texas,
IBC's lead bank subsidiary, had completed the acquisition of five branches of
Bank of America, Texas located in Angleton, Freeport, Texas City, Lake Jackson
and Rosenberg, 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
March 10, 1997.
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: March 14, 1997
3
<PAGE>
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION PAGE NUMBER
99 News Release of International 5
Bancshares Corporation dated March
10, 1997
4
EXHIBIT 99
FOR IMMEDIATE RELEASE Contact: Richard A. Bothe
Monday, March 10, 1997 President,IBC-Port Lavaca
(512) 552-9771
Bill West
210-805-0320
IBC COMPLETES BANK OF AMERICA ACQUISITION:
HIRES LOCAL BANKER TO OVERSEE NEW BRANCHES
LAREDO, TX.--Having received final regulatory approvals, International Bank of
Commerce (IBC) today completed the purchase of five Bank of America, Texas,
branches in the gulf coast area of Texas, announced Dennis E. Nixon, Chairman
and CEO of International Bancshares Corporation.
Located in Texas City, Angleton, Freeport, Lake Jackson and Rosenberg, the five
branches completed operations Friday, March 7, 1997, as Bank of America Texas,
and opened Monday morning, March 10, 1997, as fully operating branches of IBC.
The five new branches join locations in Bay City and Port Lavaca as part of
IBC's coastal bend group under the supervision of Richard A. Bothe, President.
"As a Texas-owned and operated financial institution, we know the value of
looking to the leaders in each of our IBC banking communities for their local
expertise. With this commitment to local decision-making, IBC welcomes the
challenge of doing more for both existing and new customers joining our IBC
family," said Richard A. Bothe.
Underscoring the commitment to local leadership, Richard Bothe has named Ronald
Brazil of Lake Jackson as senior vice president in charge of the five new
locations. "We feel that Ron's extensive banking experience and longevity in the
tri-county area (Brazoria, Fort Bend and Galveston) will prove to be of
tremendous value in making IBC's entrance into our new communities a smooth one
for both customers and employees," said Bothe.
The purchase of these Bank of America branches further extends and strengthens
IBC's coastal bend branch system, a chain of branches that now runs from
Brownsville to Corpus Christi, through Port Lavaca and Bay City north to Texas
City. This acquisition brings IBC's growing network of banks to 61 branches in
23 communities throughout South Texas and the gulf coast.
International Bancshares Corporation is a $3.3 billion multi-bank holding
company headquartered in Laredo, Texas, with facilities in Laredo, San Antonio,
McAllen, Brownsville, Zapata, throughout the Rio Grande Valley, Corpus Christi,
Bay City, Port Lavaca and the upper gulf coast.
