UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events. |
On July 21, 2021 International Bancshares Corporation (“IBC”) issued a news release acknowledging that its subsidiary banks received top honors by Forbes Magazine according to an article published June 24, 2021, titled “The Best Banks and Credit Unions In Every State 2021.” IBC Bank in Texas was ranked #1 and IBC Bank in Oklahoma was ranked #3 in the fourth annual ranking. The financial institutions were scored on the basis of overall recommendations and satisfaction. Five sub-dimensions also included were trust, terms and conditions, branch services, digital services and financial advice, according to the report. Furthermore, of the 4,978 FDIC-insured banks in America, just 135 banks, or 2.7%, made the list.
The news release announcing the Forbes ranking, attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.
All of the information furnished in Item 8.01 of this report and the accompanying exhibits is also intended to be included under “Item 7.01 — Regulation Fair Disclosure,” shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, is not subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99 – The following exhibit is being furnished with this Current Report on Form 8-K.
2
EXHIBIT INDEX
Exhibit Number |
| Description |
99 | News Release of International Bancshares Corporation dated July 21, 2021 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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 | ||
By: | /s/ Dennis E. Nixon | |
DENNIS E. NIXON, President | ||
and Chief Executive Officer | ||
Date: July 21, 2021
4
EXHIBIT 99
Contact: |
| Gabriel Castillo | Marcie Hernandez |
|
| International Bancshares Corporation | KGBTexas Communications |
|
| (956) 722-7611 | (210) 826-8899 |
| | | marciehernandez@kgbtexas.com |
FOR IMMEDIATE RELEASE:
FORBES GIVES HIGH RANKS TO IBC BANKS
LAREDO, Texas – (BUSINESS WIRE) - July 21, 2021– International Bancshares Corporation (NASDAQ: IBOC), one of the largest independent bank holding companies in Texas, today announced its subsidiary banks received top honors by Forbes Magazine, according to an article published June 24, 2021, titled “The Best Banks and Credit Unions In Every State 2021.” IBC Bank in Texas was ranked #1 and IBC Bank in Oklahoma was ranked #3 in the fourth annual ranking. The financial institutions were scored on the basis of overall recommendations and satisfaction. Five sub-dimensions also included were trust, terms and conditions, branch services, digital services and financial advice, according to the report. Furthermore, of the 4,978 FDIC-insured banks in America, just 135 banks, or 2.7%, made the list.
“It is the icing on the work-ethic cake when the ‘Do More’ mantra of our employees is recognized on a national level,” said Dennis E. Nixon, president and CEO. “Through this past difficult year, I am proud to say our employees demonstrated strength, resilience and dedication to make the IBC customer experience a convenient and pleasant one at all times.”
According to Forbes, the market research firm Statista partnered with the magazine to produce the fourth annual look at the “Best Banks” in each state to gauge whose customers gave their banks the highest grades. They reported that nearly 25,000 customers in the U.S. were surveyed for their opinions on their current and former banking relationships.
IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 186 facilities and 280 ATMs serving 87 communities in Texas and Oklahoma.
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward looking information with respect to plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties detailed in IBC’s filings with the Securities and Exchange Commission.
Copies of IBC’s SEC filings and Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC filings site located at http://www.sec.gov/edgar.shtml.
Document and Entity Information |
Jul. 21, 2021 |
|---|---|
| Document and Entity Information | |
| Document Type | 8-K |
| Document Period End Date | Jul. 21, 2021 |
| Entity Registrant Name | INTERNATIONAL BANCSHARES CORPORATION |
| Entity Incorporation, State or Country Code | TX |
| Entity File Number | 000-9439 |
| Entity Tax Identification Number | 74-2157138 |
| Entity Address, Address Line One | 1200 San Bernardo |
| Entity Address, City or Town | Laredo |
| Entity Address, State or Province | TX |
| Entity Address, Postal Zip Code | 78040-1359 |
| City Area Code | 956 |
| Local Phone Number | 722-7611 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock |
| Trading Symbol | IBOC |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0000315709 |
| Amendment Flag | false |
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