International Bancshares Corporation (IBOC) is one of the largest independent bank holding companies based in Laredo, Texas, with a combined asset base of over $11.8 billion. Founded in 1966, the company was initially set up to provide community banking services to the international border region of southern Texas. Over the years, however, it has grown into a multi-banking financial services corporation that continues to serve communities across Texas and Oklahoma.
IBOC operates under two major segments: Banking and Wealth Management. The Banking segment, which is IBOC’s primary operation, includes commercial and retail banking, offering a wide range of products and services. It includes real estate loans, commercial loans, consumer loans, and accepts various deposits including checking accounts, savings accounts, and time deposits. It also provides International Money Express (IME) remittances. All those services are designed to meet the unique needs of a diverse community, from individual consumers to small and medium-sized businesses.
The Wealth Management segment offers several services like brokerage, trust, and asset management services through its subsidiary, the International Bank of Commerce. Both these sectors are boosted by the company’s vast network of over 180 branches spread across Texas and Oklahoma, in emerging markets such as McAllen, El Paso, Eagle Pass, and Corpus Christi.
IBOC maintains a strong reputation for its emphasis on strong fiscal policies, disciplined by a conservative approach to lending, liquidity, and capital. This conservative approach has given the company a stable financial base, even in times of economic turmoil.
International Bancshares Corporation also places great emphasis on being a responsible corporate citizen in the diverse communities it serves, with the emphasis on investing in community development projects.
What sets IBOC apart from other banking services corporations is its commitment to personalized service. The company motto — "We Do More" — integrates this philosophy into every aspect of its operations. Despite being one of the largest holding companies in Texas, IBOC takes pride in its ability to provide individual attention to every customer, reflecting a service model often missing in larger financial institutions.
In conclusion, International Bancshares Corporation stands as a testament to the power of local community banking fused with a progressive outlook on financial services, resiliently navigating the complexities of the banking sector while keeping customer service at its core.