INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) Files An 8-K Other EventsItem 8.01 Other Events.
On April 21 2017, International Bancshares Corporation (“IBC”) issued a news release announcing that on April 3, 2017, the IBC Board approved the extension of IBC’s stock repurchase program by authorizing the repurchase of up to $40 million of IBC common stock during the twelve month period commencing on April 9, 2017.
The news release announcing the extension of IBC’s stock repurchase program, attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.
All of the information furnished in Item 8.01 of this report and the accompanying exhibit is also intended to be included under “Item 7.01 — Regulation Fair Disclosure” and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, is not subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
99 News Release of International Bancshares Corporation dated April 21, 2017 entitled, “International Bancshares Corporation Announces Extension of Stock Repurchase Program.”
About INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The primary markets of the Company are South, Central, and Southeast Texas and the state of Oklahoma. The Bank’s subsidiaries focus on providing commercial banking services to small and medium sized businesses located in their trade areas. The Company’s bank subsidiaries include International Bank of Commerce (IBC); Commerce Bank; International Bank of Commerce, Zapata, and International Bank of Commerce, Brownsville. The Company’s non-banking subsidiaries include IBC Life Insurance Company (IBC Life); IBC Trading Company; IBC Subsidiary Corporation; IBC Charitable and Community Development Corporation; IBC Capital Corporation, and Premier Tierra Holdings, Inc. INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) Recent Trading Information INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) closed its last trading session down -0.10 at 35.40 with 148,139 shares trading hands.