SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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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): November 6, 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) (956) 722-7611
NONE
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On November 6, 1997, International Bancshares Corporation issued a news
release announcing that IBC had completed the acquisition of University Bank,
Houston, 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 6, 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: November 10, 1997
3
<PAGE>
EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
99 News Release of International 5
Bancshares Corporation dated
November 6, 1997
4
EXHIBIT 99
FOR IMMEDIATE RELEASE CONTACT:
Dennis E. Nixon
Chairman & CEO
International Bancshares
Corporation
956/726-7611
Debby S. Dudley
PR Coordinator
214/535-9212 cellular
INTERNATIONAL BANK OF COMMERCE (IBC) GAINS
FINAL APPROVAL TO ENTER HOUSTON
LAREDO, TX. (November 6, 1997).....Having received final regulatory approvals,
International Bank of Commerce (IBC) today completed the purchase of University
Bank in Houston, finalizing IBC's strategically planned entry into the Houston
market, announced Dennis E. Nixon, Chairman and CEO of International Bancshares
Corporation.
With headquarters at 5615 Kirby Drive, University Bank's five citywide branches
completed operations Wednesday, November 5, 1997, as University Bank, and opened
Thursday, morning, November 6, 1997, as fully operating branches of IBC.
Recognizing the important role local leadership plays in each IBC market, Dennis
E. Nixon has announced the hiring of local banker Jay Rogers as president of
IBC-Houston to oversee and direct activities of the five citywide branch
offices. Rogers comes to IBC with over 20 years of commercial lending
experience, most recently with Compass Bank-Houston where he managed over $250
million in assets.
"The Houston market is a critical link to IBC's continued growth. We are
confident that Jay Rogers' proven success will continue as he and his Houston
team establish IBC as a major player in this dynamic metroplex," said Dennis E.
Nixon. "Jay understands that as a Texas-owned and operated financial institution
managed by local experts, IBC is able to do more by delivering fast turnaround
on loan decisions, and by extending the highly personal service that Texans
value."
IBC's first five Houston branches lay the foundation for a regional hub to
manage its growing chain of branches in the Texas Upper Gulf Coast. Earlier this
year, IBC acquired five branches from Bank of America in communities south of
Houston, specifically Rosenberg, Lake Jackson, Angleton, Freeport, and Texas
City. The University Bank acquisition extends IBC's presence to over 75
locations in 24 Texas communities.
International Bancshares Corporation is a $4 billion multi-bank holding company
headquartered in Laredo, Texas, with facilities in San Antonio, McAllen,
Brownsville, Zapata, throughout the Rio Grande Valley, Corpus Christi, Bay City,
Port Lavaca, and the upper gulf coast.
