LAREDO, Texas--(BUSINESS WIRE)--International Bancshares Corporation (NASDAQ: IBOC - News), the parent company of IBC Bank, has been ranked by Hispanic Business Magazine as the number one Hispanic-owned financial institution in the nation on the publication’s 2009 list. IBC also placed as the number one Hispanic-owned business in Texas and sixth nationally. The rankings are determined through data accumulated from more than 500 Hispanic-owned companies across the country, encompassing a variety of industries. IBC’s 2008 revenues of more than $754 million dollars combined with a staff of more than 3,800 employees determined the institution’s high rankings. This is the fifth consecutive year IBC has ranked as the top Hispanic-owned financial institution in the nation and its fourth consecutive year as the number one Hispanic-owned business in Texas.
“As the country fell deep into a recession marked by risky loans and bad mortgages, IBC stayed the course and relied upon our sound and prudent business practices to steer us through the turmoil,” IBC Chairman and CEO Dennis E. Nixon said. “Holding our place in the ranking while others have struggled this year is a testament to the hard work and dedication of the entire IBC team. I am truly proud of our work through this difficult economic time and I am confident the bank will continue to excel.”
IBC’s strength and sound business practices are evident as the bank has been recognized by several publications and institutions. IBC was recognized by the American Bankers Association’s Banking Journal as the eleventh top performing bank in the country in 2008, and is also categorized in the top 150 out of more than 8,500 U.S. banks by American Banker when grading 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. Additionally, the bank has been awarded the Texas Bankers Association’s Cornerstone Award multiple times for its community involvement, as well as the National Bankers Association’s High Performance Bank Award for leadership and service.
Founded in 1966, the bank’s original mission was to respond to the needs of Laredo’s small businesses. Today, the Laredo bank serves as the flagship bank of International Bancshares Corporation. Since its opening, IBC has grown from less than one million dollars in assets to $12 billion, making it one of Texas’ largest holding companies and a leader in banking.
International Bancshares Corporation (NASDAQ: IBOC - News) 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.
“As the country fell deep into a recession marked by risky loans and bad mortgages, IBC stayed the course and relied upon our sound and prudent business practices to steer us through the turmoil,” IBC Chairman and CEO Dennis E. Nixon said. “Holding our place in the ranking while others have struggled this year is a testament to the hard work and dedication of the entire IBC team. I am truly proud of our work through this difficult economic time and I am confident the bank will continue to excel.”
IBC’s strength and sound business practices are evident as the bank has been recognized by several publications and institutions. IBC was recognized by the American Bankers Association’s Banking Journal as the eleventh top performing bank in the country in 2008, and is also categorized in the top 150 out of more than 8,500 U.S. banks by American Banker when grading 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. Additionally, the bank has been awarded the Texas Bankers Association’s Cornerstone Award multiple times for its community involvement, as well as the National Bankers Association’s High Performance Bank Award for leadership and service.
Founded in 1966, the bank’s original mission was to respond to the needs of Laredo’s small businesses. Today, the Laredo bank serves as the flagship bank of International Bancshares Corporation. Since its opening, IBC has grown from less than one million dollars in assets to $12 billion, making it one of Texas’ largest holding companies and a leader in banking.
International Bancshares Corporation (NASDAQ: IBOC - News) 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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