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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000890566-96-001574.txt : 19961011
<SEC-HEADER>0000890566-96-001574.hdr.sgml : 19961011
ACCESSION NUMBER:		0000890566-96-001574
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19961003
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19961010
SROS:			NONE

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:		1934 Act
		SEC FILE NUMBER:	000-09439
		FILM NUMBER:		96642057

	BUSINESS ADDRESS:	
		STREET 1:		12OO SAN BERNARDO AVE
		STREET 2:		PO BOX 1359
		CITY:			LAREDO
		STATE:			TX
		ZIP:			78040-1359
		BUSINESS PHONE:		2107227611

	MAIL ADDRESS:	
		STREET 1:		P O BOX 1359
		STREET 2:		1200 SAN BERNARDO
		CITY:			LAREDO
		STATE:			TX
		ZIP:			78040
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>

                       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): October 3, 1996

                      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) (210) 722-7611

                                      NONE
        (Former name or former address, if changed since last report)
<PAGE>
ITEM 5.     OTHER EVENTS

      On October 3, 1996, International Bancshares Corporation ("IBC") issued a
news release announcing that had entered into a definitive agreement relating to
the acquisition by International Bank of Commerce, Laredo, Texas, IBC's lead
bank subsidiary, of five branches of Bank of America, Texas located in Angleton,
Freeport, Texas City, Lake Jackson and Rosenberg, Texas. The news release,
attached hereto and filed herewith as Exhibit 99, 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
            October 3, 1996.

                                       2
<PAGE>
                                   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:  October 9, 1996

                                       3
<PAGE>
                                  EXHIBIT INDEX


         Exhibit                                          Page
         Number                  Description             Number
         -------                 -----------             ------      
         99            News Release of International       5
                       Bancshares Corporation dated    
                       October 3, 1996                 

                                       4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<TEXT>

                                                                      EXHIBIT 99

FOR IMMEDIATE RELEASE                       Contact:    Dennis E. Nixon
                                                        (210) 722-7611
     
                                                         Bill West
                                                         210-805-0320

                   INTERNATIONAL BANK OF COMMERCE (IBC) TO
                ACQUIRE FIVE BANK OF AMERICA, TEXAS, BRANCHES

LAREDO, TX., October 3, 1996--Bank of America and International Bank of Commerce
(IBC) announced they have signed a definitive agreement under which IBC will
acquire Bank of America, Texas, branches in Angleton, Freeport, Texas City, Lake
Jackson and Rosenberg.

Completion of the transaction is subject to approval of applicable regulatory
authorities and is expected to be completed in early 1997. Bank of America
announced its intention to sell 68 branches in June. The IBC acquisition is the
final announcement regarding agreements to sell those branches.

"We look forward to offering IBC's "doing more" brand of service to Bank of
America's customers throughout the Coastal Bend," said Dennis E. Nixon, Chairman
and Chief Executive Officer of IBC. "We are dedicated to making the transition a
smooth one for customers, as we continue to focus on our commitment to each
community we serve. Our new branches will provided additional strength to IBC's
Coastal Bend branch system, extending a chain of branches that now runs from
Brownsville to Corpus Christi, and through Port Lavaca and Bay City."

The acquisition will bring IBC's network of banks to over 50 branches throughout
South Texas and the Coastal Bend. The new branches will come under the
supervision of IBC's Northern Coastal Bend management team lead by Richard A.
Bothe.

Bank of America is a subsidiary of BankAmerica Corporation, which has more than
1,900 branches in ten western states. As of June 30, 1996, BankAmerica had
assets of approximately $241 billion and deposits of approximately $162.3
billion.

International Bank of Commerce is the lead bank of International Bancshares
Corporation, a $3.1 billion multibank holding company with 50 branches in 18
Texas communities.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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