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): April 13, 1998
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 April 13, 1998, International Bancshares Corporation issued a news
release announcing the declaration of a fifty-cent per share cash dividend and a
25% stock split-up effected through a stock dividend payable on its outstanding
shares of common stock. 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 April 13,
1998.
2
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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: April 14, 1997
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EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
99 News Release of International 5
Bancshares Corporation dated
April 14, 1998
3
EXHIBIT 99
FOR IMMEDIATE RELEASE Contact: Dennis E. Nixon
(210) 722-7611 (Laredo)
Bill West
(210) 805-0320 (San Antonio)
INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES
CASH DIVIDEND AND STOCK DIVIDEND
LAREDO, TX, .... April 13, 1998 .... International Bancshares Corporation
("IBC") declared on April 2, 1998 a cash dividend on its outstanding shares of
common stock of $.50 per share for shareholders of record as of April 2, 1998,
payable on April 20, 1998. IBC also declared on April 2, 1998, a twenty-five
percent (25%) stock split-up effected through a stock dividend on its
outstanding shares of common stock for shareholders of record as of May 22,
1998, payable on June 12, 1998, subject to the approval by the shareholders at
the Annual Meeting to be held on May 21, 1998 of a proposal to increase the
authorized shares of common stock of the Company. Fractional shares created by
the stock dividend will be paid in cash.
IBC is a $4.5 billion multi-bank holding company headquartered in Laredo, Texas,
with 83 main banking and branch facilities located in 27 communities in south
and southeast Texas, including San Antonio, Houston, Corpus Christi, McAllen and
Brownsville.
