-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/20000829/0000890566-00-001347/0000890566-00-001347.txt : 20000922
<SEC-HEADER>0000890566-00-001347.hdr.sgml : 20000922
ACCESSION NUMBER:		0000890566-00-001347
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20000828
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20000829

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL BANCSHARES CORP
		CENTRAL INDEX KEY:			0000315709
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6022
]		IRS NUMBER:				742157138
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		8-K
			SEC ACT:		
			SEC FILE NUMBER:	000-09439
			FILM NUMBER:		711865
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		12OO SAN BERNARDO AVE
				STREET 2:		PO BOX 1359
				CITY:			LAREDO
				STATE:			TX
				ZIP:			78040-1359
				BUSINESS PHONE:		9567227611
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		P O BOX 1359
					STREET 2:		1200 SAN BERNARDO
					CITY:			LAREDO
					STATE:			TX
					ZIP:			78040
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>0001.txt
<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): AUGUST 28, 2000


                      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 August 28, 2000, International Bancshares Corporation issued a news
release announcing the declaration of a fifty-cent per share cash dividend for
all holders of Common Stock, $1.00 par value, of record on September 29, 2000
said cash dividend to be payable on October 16, 2000. 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 August 28, 2000.
<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: August 28, 2000
<PAGE>
                                 EXHIBIT INDEX

EXHIBIT NUMBER                   DESCRIPTION                         PAGE NUMBER
- --------------                   -----------                         -----------
    99                   News Release of International Bancshares         5
                         Corporation dated August 28, 2000.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>0002.txt
<TEXT>

                                                                      EXHIBIT 99

FOR IMMEDIATE RELEASE



Contact:   Dennis E. Nixon              Katie Brickman Harvey
           (956) 722-7611 (Laredo)      Taylor West Advertising
                                        (210) 826-8899 (San Antonio)


                 INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES
                                 CASH DIVIDEND


LAREDO, TX, ..August 28, 2000... International Bancshares Corporation ("IBC")
today announced that on August 24, 2000, the Board of Directors approved the
declaration of a fifty-cents (.50) per share cash dividend, for shareholders of
record as of September 29, 2000, payable on October 16, 2000, which represents a
4.17% increase over the cash dividend of sixty-cents (.60) per share paid on
April 14, 2000. The dividend just announced is payable on shares after the
effect of the 25% stock dividend distributed on June 12, 2000.

"This increased cash dividend was made possible because of the strong
performance of IBC, " said Dennis E. Nixon, Chairman and CEO of IBC. "It is the
inclination of the Board to continue to declare these cash dividends, but any
declaration of future cash dividends will depend upon IBC's financial position,
acquisition opportunities and general business conditions at the time."

On August 4, 2000, the company reported earnings for the second quarter of 2000.
Net income and earnings per share for the first six months of 2000 were $40.3
million or $2.21 per share-basic ($2.18 per share diluted) compared to $31.9
million or $1.71 per share basic ($1.68 per share-diluted) in the corresponding
1999 period, representing a 26% increase. "The performance of the first half of
this year reflects very favorably on IBC's commitment to superior earnings" he
said. "In terms of earnings per share, these earnings results translate into a
35% increase in diluted earnings per share for the second quarter, and a 30%
increase for the first six months, truly demonstrating that IBC is "DOING MORE"
for each shareholder. Total assets at June 30, 2000 were $5.6 billion compared
to $5.1 billion at June 30, 1999, representing a 10% growth.

IBC (NASDAQ: IBOC) is a $5.6 billion multi-bank holding company headquartered in
Laredo, Texas, with over 93 facilities and 184 ATM's serving 28 communities
including Houston, San Antonio, Corpus Christi, McAllen, Brownsville, Port
Lavaca, Zapata and throughout the Rio Grande Valley and the Texas Gulf Coast.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this release which are not historical facts
contain forward looking information with respect to plans, projections or future
performance of IBC and its subsidiaries, the occurrence of which involve certain
risks and uncertainties detailed in IBC's filings with the Securities and
Exchange Commission.

Copies of IBC's SEC filings and Annual Report (as an exhibit to the 10-K) may be
downloaded from the Internet at no charge from FreeEDGAR, a real-time access to
SEC filings site located at http://www.freeedgar.com.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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