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International Bancshares Corp. Ranked in top 15 on American Bankers association's list of top performing banks

Wednesday, June 10th, 2009

Texas Border Business

Bank recognized as the number eleven best performing bank based on return on equity
 
(June 10, 2009) LAREDO , Texas – International Bancshares Corporation, parent of IBC Bank, has ranked No. 11 on the 2008 list of the top performing banks in the United States as released by the American Bankers Association’s ( ABA ) Banking Journal.  The rankings are determined by a financial institution’s return of equity for calendar year 2008.

The study categorized the performance of domestic publicly held depository institutions with assets over $3 billion as of December 31, 2008. A total of 145 public banks, thrifts and holding companies qualified under the criteria. Data was provided by SNL Financial LC based of return on average total equity (ROAE) for 2008.

“This recent recognition is once again evidence of the bank’s strength, and we are honored to be ranked by ABA as one of the top performing banks for 2008,” IBC Chairman and CEO Dennis E. Nixon said. “2008 was a challenging year for the financial industry; however, due to IBC’s prudent business practices and sound investments, we were able to maintain consistent, strong growth that has allowed us to outpace many of our competitors.” 

IBC ended 2008 by reporting $12.4 billion in assets with a 13.34 percent return on average total equity. The capital ratio was 16.35 with an efficiency ratio of 57.26. IBC was one of only three Texas banks to be included in the top 25, outperforming many of its competitors in the region.
The rankings continue the accolades and recognitions IBC has received for its performance and service. In 2008, IBC was recognized by Hispanic Business Magazine as the number one Hispanic-owned financial institution in the country and the top Hispanic-owned business in Texas ranking sixth nationally.
IBC also placed in the top 150 out of more than 8,500 U.S. banks in rankings by American Banker including the nation’s largest banks and thrifts with the most assets and the highest five-year return on equity.  In February, IBC Bank ranked No.18 on Bank Director Magazine’s Bank Performance Scorecard of Top 150 Banks and Thrifts in the United States . The Laredo -based bank ranked higher than many large banks including Wells Fargo (No. 35), JP Morgan Chase (No. 104) and Bank of America (No. 121). Additionally, the National Bankers Association has awarded IBC its coveted High Performance Bank Award many times in recognition of leadership qualities and excellence in overall performance and service.

International Bancshares Corporation (NASDAQ: IBOC) is a $12.1 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 270 facilities and more than 440 ATMs serving 102 communities in Texas and Oklahoma.

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