-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SQbUupLBqlOt8/XClD/D2W00Fv4qCAA+8gJRSvP9g/l6VEeoTtKKczbwHBhH+LiA
 Qkb+eGTf3tRmBaQ4p0FBOA==

<SEC-DOCUMENT>/in/edgar/work/0000890566-00-500024/0000890566-00-500024.txt : 20001004
<SEC-HEADER>0000890566-00-500024.hdr.sgml : 20001004
ACCESSION NUMBER:		0000890566-00-500024
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20001003
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20001003

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:		734326
</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): OCTOBER 3, 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 OCTOBER 3, 2000, INTERNATIONAL BANCSHARES CORPORATION ISSUED A NEWS
RELEASE ANNOUNCING THE ACQUISITION OF A CONTROLLING INTEREST IN GULFSTAR GROUP,
A HOUSTON-BASED INVESTMENT BANKING FIRM. 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, 2000.

                                        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 3, 2000

                                       3
<PAGE>
                                  EXHIBIT INDEX


                                                          PAGE
        EXHIBIT NUMBER           DESCRIPTION             NUMBER
        --------------           -----------             ------
            99         NEWS RELEASE OF INTERNATIONAL       5
                       BANCSHARES CORPORATION DATED
                       OCTOBER 3, 2000.



                                       4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>0002.txt
<TEXT>

                                   EXHIBIT 99

FOR IMMEDIATE RELEASE
- ---------------------

Contact:    Dennis E. Nixon                           Kent Kahle
            Chairman and CEO                          Managing Director
            International Bancshares Corporation      GulfStar Group, Inc.
            (956) 722-7611                            (713) 300-2015

                                                      Brian Dwyer
                                                      KGBrickman, Inc.
                                                      (210) 826-8899

INTERNATIONAL BANCSHARES CORPORATION ACQUIRES A CONTROLLING INTEREST IN AN
INVESTMENT BANKING FIRM

(October 3, 2000) LAREDO, Texas - International Bancshares Corporation (IBC) has
acquired a controlling interest in GulfStar Group, a Houston-based investment
banking firm serving middle-market corporations primarily in Texas.

      "THIS INVESTMENT is an excellent fit with our strategy to expand IBC's
capabilities in serving our commercial and private banking customers," said
Dennis E. Nixon, Chairman and CEO of IBC. "This move also provides IBC with an
opportunity to generate fee income from GulfStar's agency business and
investment income from their merchant banking activities, AND GIVES IBC AN
OPPORTUNITY TO NETWORK WITH SANDLER O'NEILL AND PARTNERS, L.P., A NEW YORK-BASED
INVESTMENT BANKING FIRM IN WHICH IBC OWNS AN INTEREST."

      GulfStar Group has completed more than 250 transactions since it was
founded in 1990. The firm's 19 employees provide institutional private
placements of equity and debt, merger and acquisition services, general
financial advice, litigation support and merchant banking services to private
companies in various industries.

      "We are delighted to affiliate with IBC and believe that together we can
provide a more complete offering of services to our middle-market clients," said
Kent Kahle, a Managing Director of GulfStar. "This transaction expands our
geographic market and provides us with greater capital resources to take
advantage of investment opportunities."

      IBC's acquisition of GulfStar was initiated by San Antonio-based Ehrenberg
Chesler Investment Bankers, which acted as financial adviser to IBC.

                                       5
<PAGE>
      "IBC intends to operate GulfStar independently," said Nixon. "GulfStar's
eight principals continue to have a sizeable ownership in the firm and are
expected to play a key role with our capital in expanding GulfStar's business in
the future. We are extremely pleased that IBC has affiliated with the leading
middle-market investment banking firm in Texas."

      International Bancshares Corporation (NASDAQ-IBOC) is a multi-bank holding
company with $5.6 billion in assets. Headquartered in Laredo, Texas, IBC has
more than 90 facilities serving 28 communities in South and Southeast Texas.
Founded in 1979, IBC has focused on providing commercial financial services to
small and medium-sized businesses in Texas and internationally, primarily in
Mexico.
        "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

                                       6
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
