IBC Bank and LPL Financial LLC, the nation’s largest independent broker-dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today congratulated Fernando Montemayor, Senior Financial Consultant for the Laredo and Zapata areas, and Julian Cruz, Financial Consultant for McAllen and surrounding areas, advisors with IBC Investment Services located at IBC Bank in their respective cities for being named by Bank Investment Consultant as two of the nation’s Top 50 bank and credit union advisors for 2013.

IBC Bank is supported by LPL Financial Institution Services, a provider of comprehensive third-party brokerage and wealth management services to the investment programs of banks and credit unions throughout the nation.

Bank Investment Consultant is a leading financial service industry magazine and the annual Top 50 Bank Advisors list recognizes a distinguished group of bank and credit union advisors throughout the country who have excelled in a number of key areas, including 2013 assets under management (AUM); percentage change in AUM from the prior year; trailing 12-month production; percentage growth in production; amount of fee-based business; and the ratio of production to AUM.

“We are very pleased to congratulate Fernando Montemayor and Julian Cruz on being recognized as two of the best advisors in our industry,” said Andy Kalbaugh, Managing Director and Head of Institution Services for LPL Financial. “They have a deep understanding of clients’ needs and goals and are true leaders with a firm commitment to the highest service standards. As a supporting partner to the investment program at IBC Bank, we look forward to helping Fernando and Julian achieve even more success in the future.”

“All of us at IBC Bank congratulate Fernando and Julian’s accomplishment of being named two of IBC’s Top 50 Bank Advisors,” said Dennis Nixon, IBC Bank Chairman. “They are a credit to our team and a wonderful example of how IBC Bank helps members of our community advance their financial goals.”

“I am honored to be included in this select group of advisors across the country,” said Fernando Montemayor. “At IBC Investment Services our focus is to help clients pursue their goals by providing objective, unbiased and thorough financial advice.”

“We thank all of our clients for their continued trust in our team and are grateful to LPL Financial who has been a crucial partner in driving our success,” said Julian Cruz.

The full Bank Investment Consultant Top 50 Bank Advisors list can be found online at: BIC Top 50 Bank Advisors.

About IBC Investment Services

IBC Investment Services (IBCIS) offers IBC Bank customers access to an extensive array of alternative investment products and services at IBC locations throughout Texas and Oklahoma. Our financial consultants offer a full, complete and sophisticated platform of investment options that will assist clients, their families and their businesses to plan and reach their financial goals. For more information, visit www.ibc.com/en-us/ibicis.

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2013), an RIA custodian, and an independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,500 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports more than 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC

Insurance products offered through LPL Financial or its licensed affiliates.

IBC Bank is not a broker/dealer and is not affiliated with LPL Financial.

IBC BankGabriela Carriedo, 956-726-6667Vice President of Marketing

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