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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000890566-98-000006.txt : 19980107
<SEC-HEADER>0000890566-98-000006.hdr.sgml : 19980107
ACCESSION NUMBER:		0000890566-98-000006
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19971229
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19980106
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:		
		SEC FILE NUMBER:	000-09439
		FILM NUMBER:		98501357

	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): December 29, 1997

                      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)
<PAGE>
ITEM 5.     OTHER EVENTS

      On December 29, 1997, International Bancshares Corporation ("IBC") issued
a news release announcing that negotiations with Pacific USA Holdings Corp. over
the proposed purchase of a portion of the assets of Pacific Southwest Bank have
been terminated on terms acceptable to both parties. 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
                 December 29, 1997.
   
                                        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 30, 1997

                                        3
<PAGE>
                                  EXHIBIT INDEX


EXHIBIT                                             PAGE
NUMBER                    DESCRIPTION               NUMBER
- ------                    -----------               ------
  99              News Release of International        5
                  Bancshares Corporation dated
                  December 29, 1997            

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

FOR IMMEDIATE RELEASE

                      CONTACT:
                              Dennis E. Nixon
                              Chairman and CEO
                              International Bancshares Corporation
                              (956) 722-7611

INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES THAT
NEGOTIATIONS WITH PACIFIC USA HOLDINGS CORP. HAVE BEEN
TERMINATED.

LAREDO, TX (December 29, 1997)... International Bancshares Corporation announced
today that negotiations with Pacific USA Holdings Corp. over the proposed
purchase of a portion of the assets of Pacific Southwest Bank have been
terminated on terms acceptable to both parties.

International Bancshares Corporation is a $4.2 billion multi-bank holding
company headquartered in Laredo, Texas, with facilities in San Antonio, Houston,
McAllen, Brownsville, Zapata, throughout the Rio Grande Valley, Corpus Christi,
Bay City, Port Lavaca, and the upper gulf coast.

                                  5
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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