International Bancshares Corporation Announces Appointment of Two New Directors and Cash Dividend
September 21 2015 - 1:43PM
Business Wire
International Bancshares Corporation (“IBC”) today announced
that on September 18, 2015, IBC’s Board of Directors approved the
declaration of a twenty-nine cents per share cash dividend for all
holders of Common Stock, $1.00 par value, of record on
September 30, 2015. “The dividend will be payable on
October 15, 2015,” said Dennis E. Nixon, Chairman and
President of IBC.
The Board also announced today that it has elected Javier de
Anda and Roberto R. Resendez to IBC’s Board. The Board unanimously
voted to appoint Mr. de Anda and Mr. Resendez. Mr. de Anda has
served on the Board of Directors of IBC’s subsidiary bank,
International Bank of Commerce, Laredo, Texas, since July 2015. Mr.
de Anda has also served as a board member for Commerce Bank;
another subsidiary bank of IBC, since 2010. Mr. de Anda is
currently the Senior Vice President of B. P. Newman Investment
Company, an owner of numerous restaurant franchise locations as
well as extensive real estate ventures. Mr. Resendez is currently
an owner and operator of various beef cattle ranching operations
and real estate investments. Mr. Nixon stated, “I am extremely
pleased these two accomplished leaders and businessmen have agreed
to serve on IBC’s board. I know their special knowledge and talents
will enhance IBC’s future prosperity.”
IBC (NASDAQ:IBOC) is a multi-bank financial holding company with
$12.1 billion in assets headquartered in Laredo, Texas, with 210
facilities and more than 320 ATMs serving 88 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 future developments or events, expectations, plans,
projections or future performance of IBC and its subsidiaries, the
occurrence of which involve certain risks and uncertainties,
including those 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 or IBC’s website at
http://www.ibc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150921006250/en/
International Bancshares CorporationJudith Wawroski,
956-722-7611Senior Vice President
International Bancshares (NASDAQ:IBOC)
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