INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) Files An 8-K Other Events
Item 8.01 Other Events.
On March28, 2019,International Bancshares Corporation (“IBC”) issued a news release announcing that on March11, 2019, the IBC Board approved the extension and increase of IBC’s stock repurchase program by authorizing the repurchase of up to $50 million of IBC common stock during the twelvemonth period commencing on April9, 2019.
The news release announcing the extension and increase of IBC’s stock repurchase program, attached hereto and filed herewith as Exhibit99, 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 8.01— Regulation Fair Disclosure” and shall not be deemed to be “filed” for the purposes of Section18 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 8.01 Financial Statements and Exhibits.
99News Release of International Bancshares Corporation dated March28, 2019 entitled, “International Bancshares Corporation Announces Extension and Increase of Stock Repurchase Program.”
INTERNATIONAL BANCSHARES CORP Exhibit
EX-99 2 ex-99.htm EX-99 iboc_Ex99 EXHIBIT 99 FOR IMMEDIATE RELEASE Contact: Judy Wawroski Treasurer and Principal Financial Officer International Bancshares Corporation (956) 722-7611 (Laredo) INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES EXTENSION AND INCREASE OF STOCK REPURCHASE PROGRAM LAREDO,…
To view the full exhibit click here
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.
