International Bancshares Corporation Named to Forbes’ 2014 List of America’s 50 Most Trustworthy Financial Companies
April 21 2014 - 12:16PM
Business Wire
International Bancshares Corporation (“IBC”) (NASDAQ:IBOC), has
been named one of America's 50 Most Trustworthy Financial Companies
by Forbes. The inaugural list recognizes banks and insurance
companies that have distinguished themselves with outstanding
governance and transparency in financial reporting.
The list is compiled for Forbes by GMI Ratings, a firm that
provides global corporate governance and accounting risk ratings
and research on public companies. In compiling the list of the most
trustworthy financial companies, GMI reviews the accounting and
governance behaviors of publicly traded financial companies in
North America.
In 2012, IBC was named one of America’s 100 Most Trustworthy
Companies by Forbes. That list was also compiled by GMI Ratings. At
that time, financial companies were included in the list of
America’s 100 Most Trustworthy Companies. Forbes created the
separate List of America’s 50 Most Trustworthy Financial Companies
this year and no longer includes financial companies in the list of
America’s 100 Most Trustworthy Companies.
"It is a great honor to be recognized by Forbes as one of the
most trustworthy financial companies in the United States," said
Dennis E. Nixon, President and CEO of IBC. "We are very proud of
this rating that recognizes our responsible corporate governance,
transparent reporting and disciplined risk management."
IBC is a multi-bank financial holding company headquartered in
Laredo, Texas, with $12.1 billion in total assets, 211 facilities
and over 321 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 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 or IBC’s website at
http://www.ibc.com.
International Bancshares CorporationJudy Wawroski, 956-722-7611
(Laredo)First Vice President
International Bancshares (NASDAQ:IBOC)
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