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): December 29, 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 December 29, 1997, International Bancshares Corporation ("IBC") issued
a news release announcing that negotiations with Pacific USA Holdings Corp. over
the proposed purchase of a portion of the assets of Pacific Southwest Bank have
been terminated on terms acceptable to both parties. 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
December 29, 1997.
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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 30, 1997
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EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
- ------ ----------- ------
99 News Release of International 5
Bancshares Corporation dated
December 29, 1997
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FOR IMMEDIATE RELEASE
CONTACT:
Dennis E. Nixon
Chairman and CEO
International Bancshares Corporation
(956) 722-7611
INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES THAT
NEGOTIATIONS WITH PACIFIC USA HOLDINGS CORP. HAVE BEEN
TERMINATED.
LAREDO, TX (December 29, 1997)... International Bancshares Corporation announced
today that negotiations with Pacific USA Holdings Corp. over the proposed
purchase of a portion of the assets of Pacific Southwest Bank have been
terminated on terms acceptable to both parties.
International Bancshares Corporation is a $4.2 billion multi-bank holding
company headquartered in Laredo, Texas, with facilities in San Antonio, Houston,
McAllen, Brownsville, Zapata, throughout the Rio Grande Valley, Corpus Christi,
Bay City, Port Lavaca, and the upper gulf coast.
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