INTERNATIONAL BANCSHARES CORPORATION
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International Bancshares Corporation (IBC) operates as the holding company for its wholly owned subsidiaries that include International Bank of Commerce–Laredo (IBC-Laredo), International Bank of Commerce–Brownsville, International Bank of Commerce–Zapata, and Commerce Bank. IBC's bank subsidiaries operate 180 facilities and 300 ATMs in 75 communities in Texas and Oklahoma, including Austin, Brownsville, Corpus Christi, Eagle Pass, Houston, Laredo, McAllen, Oklahoma City, Port Lavaca, San Antonio, Tulsa, Victoria, and Zapata. They accept checking and savings deposits, as well as make commercial, real estate, personal, home improvement, automobile, and other installment and term loans. They also offer credit cards, travelers' checks, notary public, escrow, online banking, and other customary banking services. In addition, the bank subsidiaries invest in debt securities of the U.S. Government and various other entities, as well as facilitate international trade along the U.S. border with Mexico and elsewhere. IBC's subsidiaries also offer additional financial services. IBC-Laredo operates the wholly owned nonbank subsidiaries: IBC Investments, IBC Insurance Agency, and IBC First Equity. The services of these subsidiaries are available throughout the communities in Texas and Oklahoma where IBC has a presence. IBC Investments offers fee-based asset management; financial planning and wealth transfer strategies; individual retirement accounts; annuities; and mutual funds. IBC Insurance Agency provides business, auto, and home insurance; individual life insurance; and group life and health plans. IBC First Equity specializes in mortgage, home improvement, and home equity lending. IBC also has a controlling interest in the GulfStar Group, an investment and merchant banking entity that offers merger and acquisition services, private placement, and financial advisory services to middle market companies. IBC was founded in 1966 and is headquartered in Laredo, Texas.