IBC - Commerce Bank's CEO Ignacio Urrabazo Jr. Appointed To FDIC Advisory Committee on Community Banking

• Press Release
• Source: International Bancshares Corporation
• On 3:52 pm EDT, Thursday September 24, 2009

LAREDO, Texas--(BUSINESS WIRE)--Commerce Bank President and CEO Ignacio Urrabazo Jr. has been appointed to the Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Community Banking. Urrabazo, the only Texan on the committee, along with the other members, will provide the FDIC with advice and recommendations on a broad range of policy issues that have particular impact on community banks from around the nation and the local communities they serve. The committee will review the latest examination policies/procedures, credit and lending practices, deposit insurance assessments, insurance coverage, regulatory compliance matters and other issues that may impede the growth and stability of community banks.

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“I am honored to be part of this group of individuals who are dedicated to serving as a voice for community banks across the nation. I know the diverse skill sets and backgrounds that make up this committee will be beneficial in aiding the FDIC in making conscientious decisions on the policies and regulations that impact the well-being of small banks and the communities they serve,” Urrabazo said.

Urrabazo was selected from among over 200 applicants for his dedication and knowledge of regulatory policies, small business development and the multifaceted economic climate, among other qualities. His strong business philosophy has made a positive impact on the Laredo, Texas community where he has led a team of individuals at Commerce Bank, a subsidiary of International Bancshares Corporation, in responding to the current economic climate and its impact on community banking. The bank has been a certified lender with the Small Business Administration (SBA) for more than 10 years, offering a wide portfolio of loan options for new and existing small businesses. Urrabazo has used his regional banking success to become one of the state’s leading authorities on minority and small business banking. Urrabazo will use these strengths to help the FDIC identify and prioritize areas of need to aid in the prosperity and growth of community banks.

“Ignacio’s appointment reflects Commerce Bank’s strength, and his knowledge and contributions to this committee will be instrumental in the continued growth and success of the banking industry,” IBC Chairman and CEO Dennis E. Nixon said. “In this current economic situation, it will be up to the community banks to lead the recovery. We are tremendously confident he will provide the FDIC with expert advice and counsel to do just that.”

For the next two years, Urrabazo will serve alongside 13 other members who represent a sampling of community bankers from across the United States, and also a member from academia. The committee’s first meeting is scheduled for Oct. 15 in Washington, D.C. For more information on the Advisory Committee, please visit http://www.fdic.govcommunitybanking/.

Commerce Bank is a member of International Bancshares Corporation (NASDAQ: IBOC - News), an $11.5 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 275 facilities and more than 435 ATMs serving 104 communities in Texas and Oklahoma.

IBC Bank-Laredo
Gabriela Carriedo, 956-726-6636
or
KGBTexas Public Relations
Lacey Floerke or Patrick Mendoza, 210-826-8899
laceyf@kgbtexas.com
patrickm@kgbtexas.com