Bailout Bank Bio: International Bancshares Corporation

Mar 24, 2009 | 1 min read | Print Article

International Bancshares Bank logo International Bancshares Corporation is a multi-bank financial holding company. Its primary banking subsidiary is IBC Bank. International Bancshares has approximately 260 banking facilities in more than 100 communities in Texas and Oklahoma. IBC is the largest minority owned bank in the United States. The company is headquartered in Laredo, Texas. Through the Treasury Department’s Capital Purchase Program, International Bancshares received $216 million, in exchange for 216,000 shares of IBC’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A and a warrant for Treasury to purchase 1,326,238 shares of IBC common stock.

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Bailout Bank Bio: International Bancshares Corporation


Federal Equity Investment	$216 million
Total Revenue	$824.87 million
Net Income	$121.31 million
Number of Employees	2,965
Corporate Headquarters	Laredo, Texas
Business Sector	Bank
Officers and Directors	Nixon, Dennis, Chairman of the Board, President; President, Chief Executive Officer and Director of IBC Other Officers and Directors
Corporate Website	http://www.ibc.com/
Executive Compensation	International Bancshares Corporation