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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000890566-96-002124.txt : 19961231
<SEC-HEADER>0000890566-96-002124.hdr.sgml : 19961231
ACCESSION NUMBER:		0000890566-96-002124
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19961121
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19961230
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:		96687794

	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): November 21, 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 November 21, 1996, International Bancshares Corporation ("IBC") issued
a news release announcing the expected consummation of the acquisition by
International Bank of Commerce, Laredo, Texas, IBC's lead bank subsidiary, of
three branches of Home Savings of America, F.S.B. located in San Antonio, 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
            November 21, 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:  December 27, 1996

                                       3
<PAGE>
                                  EXHIBIT INDEX

         Exhibit                                         Page
         Number                  Description             Number
                       
          99           News Release of International       5
                       Bancshares Corporation dated
                       November 21, 1996                   

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

                                                                      EXHIBIT 99

FOR IMMEDIATE RELEASE               Contact:    Tom Travis
                                                IBC-San Antonio
                                                210-518-2500

                                                Debby Dudley
                                                PR Coordinator
                                                972-991-4481

                         IBC COMPLETES PURCHASE OF THREE
                           SAVINGS OF AMERICA BRANCHES

SAN ANTONIO, TX., November 21, 1996, Thomas L. Travis, President of IBC-San
Antonio, announced today that final regulatory approvals have been received for
International Bank of Commerce (IBC) to complete the purchase of Savings of
America's three branches in San Antonio.

Located at 5900 Broadway, 2201 N.W. Military Hwy., and 5401 Walzem Road, these
branches are expected to close as Savings of America on Thursday, November 21,
1996, and open Friday morning, November 22, 1996, as fully operating branches of
IBC. With the Savings of America branches, and recently opened Albertsons
supermarket branches, IBC has doubled the number of San Antonio locations over
the past year to thirteen branches.

"The completion of this acquisition underscores our commitment to making IBC's
highly personalized brand of banking accessible throughout the San Antonio
area," said Tom Travis. "With the convenience afforded by our new branch in
Alamo Heights and our rapidly expanding network of supermarket branches, IBC-San
Antonio is doing more to meet the banking needs of today's busy consumer."

The purchase of these Savings of America branches further strengthens and
complements IBC's aggressive expansion throughout South Texas, extending IBC's
presence to 55 locations in 18 Texas communities.

International Bancshares Corporation is a $3 billion multi-bank holding company
headquartered in Laredo, with facilities in Laredo, San Antonio, McAllen,
Brownsville, Zapata, throughout the Rio Grande Valley, Corpus
Christi, Bay City and Port Lavaca.


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