-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lh6xMsdyCybZo1XTwUYUyBuxKs/3TSqmMrVLcXh4w0+wyuzmsYw9D1LScUsyofge 4pgee8Q8AUGOOVtjk0OfeQ== 0000890566-00-000331.txt : 20000324 0000890566-00-000331.hdr.sgml : 20000324 ACCESSION NUMBER: 0000890566-00-000331 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000323 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000323 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BANCSHARES CORP CENTRAL INDEX KEY: 0000315709 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 742157138 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-09439 FILM NUMBER: 576898 BUSINESS ADDRESS: STREET 1: 12OO SAN BERNARDO AVE STREET 2: PO BOX 1359 CITY: LAREDO STATE: TX ZIP: 78040-1359 BUSINESS PHONE: 9567227611 MAIL ADDRESS: STREET 1: P O BOX 1359 STREET 2: 1200 SAN BERNARDO CITY: LAREDO STATE: TX ZIP: 78040 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------- FORM 8-K CURRENT REPORT --------------------------------------- PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 23, 2000 INTERNATIONAL BANCSHARES CORPORATION (Exact Name of Registrant as Specified in its Charter) Commission File Number 0-9439 TEXAS 74-2157138 --------------------------------- ------------------ (State or other Jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 1200 SAN BERNARDO, LAREDO, TEXAS 78040-1359 - ---------------------------------------- ---------- (Address of principal executive offices) (ZIP Code) (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (956) 722-7611 NONE (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS On March 23, 2000, International Bancshares Corporation issued a news release announcing the election to become a Financial Holding Company, attached hereto and filed herewith as Exhibit 99 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS c. Exhibits The following exhibit is filed as part of this report: (99) News release of International Bancshares Corporation dated March 23, 2000. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERNATIONAL BANCSHARES CORPORATION (Registrant) By: /s/ DENNIS E. NIXON --------------------- DENNIS E. NIXON, President, and Chief Executive Officer Date: March 23, 2000 3 EXHIBIT INDEX EXHIBIT PAGE NUMBER DESCRIPTION NUMBER 99 News Release of International 5 Bancshares Corporation dated March 23, 2000. 4 EX-99.1 2 EXHIBIT 99.1 Contact: Dennis E. Nixon Chairman & CEO International Bancshares Corporation (956) 722-7611 Katie Brickman Harvey Taylor West Advertising (210) 826-8899 FOR IMMEDIATE RELEASE: INTERNATIONAL BANCSHARES CORPORATION ELECTS TO BECOME A FINANCIAL HOLDING COMPANY LAREDO, Texas--(BUSINESS WIRE)--March 23, 2000--International Bancshares Corporation (NASDAQ:IBOC) today announced that the Company has elected to become a financial holding company. On November 12, 1999, President Clinton signed into law the Gramm-Leach-Bliley Act ("GLBA"). This comprehensive legislation eliminates the barriers to affiliations among banks, securities firms, insurance companies and other financial service providers. GLBA provides for a new type of financial holding company structure under which affiliations among these entities may occur. Under GLBA, a financial holding company may engage in a broad list of financial activities and any non-financial activity that the FRB determines is complementary to a financial activity and poses no substantial risk to the safety and soundness of depository institutions or the financial system. Under GLBA, a bank holding company may become certified as a financial holding company by filing a declaration with the FRB, together with a certification that each of its subsidiary banks is well capitalized, is well managed, and has at least a satisfactory rating under the Community Reinvestment Act of 1977 ("CRA"). The Company has elected to become a financial holding company under GLBA and the election was made effective by the Federal Reserve Board as of March 13, 2000. To date, the Company has not engaged in any additional financial activities permitted by GLBA. Dennis E. Nixon, Chairman and Chief Executive Officer, commented that IBC chose to make this important election to position the Company to take advantage of the opportunities afforded by this historic banking bill. "I believe this new legislation will give IBC the opportunity to compete on a level playing field with all the other financial providers that have eroded banking's market share over the last several decades," he said. IBC is a $5.4 billion multi-bank holding company headquartered in Laredo, Texas, with over 90 facilities and 176 ATM's serving 28 communities including Houston, San Antonio, Corpus Christi, McAllen, Brownsville, Port Lavaca, Zapata and throughout the Rio Grande Valley and the Texas Gulf Coast. "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 Internet at no charge from FreeEDGAR, a real-time access to SEC filings site located at HTTP://WWW.FREEEDGAR.COM. 5 -----END PRIVACY-ENHANCED MESSAGE-----