International Bancshares Corporation Announces Cash Dividend

• Press Release
• Source: International Bancshares Corporation
• On 8:51 am EDT, Monday October 5, 2009

LAREDO, Texas--(BUSINESS WIRE)--International Bancshares Corporation (“IBC”) today, announced that on October 2, 2009, the Board of Directors approved the declaration of a 17 cents per share cash dividend for shareholders of record as of the close of business on October 19, 2009, payable on November 2, 2009. “This cash dividend was made possible because of the continuing strong performance of IBC, even in these difficult economic times,” said Dennis E. Nixon, Chairman and President of IBC.

Related Quotes

Symbol	Price	Change
IBOC	16.92	-0.09

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It is the inclination of the Board to continue to declare semiannual cash dividends. However, any declaration of future cash dividends will depend upon IBC’s financial position, acquisition opportunities, and general business conditions at the time.

IBC (NASDAQ:IBOC) is an $11.5 billion multi-bank financial holding company headquartered in Laredo, Texas, with over 275 facilities and over 435 ATMs serving 104 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 Corporation
Judy Wawroski, 956-722-7611
First Vice President