8-K

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):  June 10, 2002

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 June 7, 2002, International Bancshares Corporation issued a news release announcing that its lead bank subsidiary, International Bank of Commerce, Laredo will open five branch banks inside grocery stores purchased by HEB from Albertson’s Inc. in San Antonio and the Rio Grande Valley, 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 June 7, 2002.

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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:  June 7, 2002

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EXHIBIT INDEX

Exhibit Number	Description	Page Number
99	News Release of International Bancshares Corporation dated June 7, 2002.	5

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EX-99

Exhibit 99

FOR IMMEDIATE RELEASE

CONTACT:
Tom Travis, President and CEO,	Brian Dwyer
IBC-San Antonio	KGBTexas Public Relations
(210) 518-2500	(210) 826-8899
Lynne Oakley, Senior Vice President,	Jennifer Minx
IBC — San Antonio	KGBTexas Public Relations
(210) 518-2526	(210) 826-8899

IBC ANNOUNCES HEB INSTORE BANKING AGREEMENT

LAREDO, Texas  (June 7, 2002) — International Bancshares Corporation (Nasdaq:IBOC) announced today  that its lead bank subsidiary, International Bank of Commerce plans to open branches inside of five former Albertson’s locations recently purchased by H-E-B in San Antonio and the Rio Grande Valley area.

“We are excited to announce our agreement with H-E-B to re-open 4 of our former Albertson’s locations in San Antonio and 1 location in Mission, “ stated Tom Travis, President of IBC-San Antonio. “HEB is a leadership company, and we are thrilled to have an opportunity to serve each customer at these locations.  We are pleased to partner with a company who, like us, has deep roots in South Texas and a strong commitment to superior customer service. Both companies also share a strong community service philosophy that will only be strengthened by our new association.”

HEB announced yesterday its plans to purchase nine former Albertson’s locations.  IBC will re-open in four of the San Antonio-area locations — Perrin Beitel Road at Thousand Oaks; Huebner Road and N.W. Military; U.S. Hwy. 281 at Evans Road; and on IH-10 West in Leon Springs.

IBC-San Antonio is a member of International Bancshares Corporation (NASDAQ: IBOC), which is a $6.1 billion, multi-bank financial holding company headquartered in Laredo, Texas.  IBC has over 100 facilities and more than 200 ATM’s serving more than 35 communities including Houston, San Antonio, Corpus Christi, Eagle Pass, the Rio Grande Valley, and the Texas Gulf Coast.

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