-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 t5bIkvDCS67Asp0V9+iixA==

<SEC-DOCUMENT>0000912057-01-524871.txt : 20010725
<SEC-HEADER>0000912057-01-524871.hdr.sgml : 20010725
ACCESSION NUMBER:		0000912057-01-524871
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010724
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20010724

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:		1686709

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

	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
<FILENAME>a2054958z8-k.txt
<DESCRIPTION>8-K
<TEXT>

<PAGE>


                      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): JULY 24, 2001



                   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 JULY 24, 2001, INTERNATIONAL BANCSHARES CORPORATION ("IBC")
         ISSUED A NEWS RELEASE ANNOUNCING THAT ITS BOARD OF DIRECTORS
         AUTHORIZED IBC TO EXPAND ITS STOCK REPURCHASE PROGRAM.  IBC IS NOW
         AUTHORIZED TO REPURCHASE UP TO $60 MILLION OF ITS COMMON STOCK
         THROUGH DECEMBER 2002, COMPARED TO THE PRIOR AUTHORIZATION OF $45
         MILLION THROUGH DECEMBER 2001.  STOCK REPURCHASES MAY BE MADE FROM
         TIME TO TIME, ON THE OPEN MARKET OR THROUGH PRIVATE TRANSACTIONS.
         SHARES REPURCHASED IN THIS PROGRAM WILL BE HELD IN TREASURY FOR
         REISSUE FOR VARIOUS CORPORATE PURPOSES, INCLUDING EMPLOYEE STOCK
         OPTION PLANS.  AS OF JULY 20, 2001, A TOTAL OF 969,358 SHARES HAD
         BEEN REPURCHASED UNDER THIS PROGRAM AT A TOTAL COST OF APPROXIMATELY
         $39 MILLION, WHICH SHARES ARE NOW REFLECTED AS 1,346,394 SHARES OF
         TREASURY STOCK AS ADJUSTED FOR STOCK DIVIDENDS.  THE COMPANY
         CURRENTLY HAS INVESTED APPROXIMATELY $60 MILLION IN TREASURY SHARES,
         WHICH AMOUNT HAS BEEN ACCUMULATED SINCE THE INCEPTION OF THE COMPANY.

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 JULY 24, 2001.















                                       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: JULY 24, 2001


























                                       3

<PAGE>

                                EXHIBIT INDEX


<TABLE>
<CAPTION>

EXHIBIT                                                 PAGE
NUMBER           DESCRIPTION                           NUMBER
- ------           -----------                           ------
<S>              <C>                                   <C>
  99             NEWS RELEASE OF INTERNATIONAL            5
                 BANCSHARES CORPORATION DATED
                 JULY 24, 2001

</TABLE>



























                                       4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2054958zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

<PAGE>






CONTACT:
ROSANNE PALACIOS
VICE PRESIDENT OF MARKETING
INTERNATIONAL BANCSHARES CORPORATION
(956) 726-6636


BRIAN DWYER OR MARGARET WALKER
KGBRICKMAN, INC.
(210) 826-8899


FOR IMMEDIATE RELEASE:


      INTERNATIONAL BANCSHARES CORPORATION EXPANDS STOCK REPURCHASE PROGRAM

LAREDO, TEXAS-(BUSINESS WIRE)--JULY 24, 2001--INTERNATIONAL BANCSHARES
CORPORATION (NASDAQ:IBOC) ANNOUNCED THAT ITS BOARD OF DIRECTORS EXPANDED ITS
STOCK REPURCHASE PROGRAM. THE COMPANY IS NOW AUTHORIZED TO REPURCHASE UP TO
$60 MILLION OF ITS COMMON STOCK THROUGH DECEMBER 2002, COMPARED TO THE PRIOR
AUTHORIZATION OF $45 MILLION THROUGH DECEMBER 2001. STOCK REPURCHASES MAY BE
MADE FROM TIME TO TIME, ON THE OPEN MARKET OR THROUGH PRIVATE TRANSACTIONS.
SHARES REPURCHASED IN THIS PROGRAM WILL BE HELD IN TREASURY FOR REISSUE FOR
VARIOUS CORPORATE PURPOSES, INCLUDING EMPLOYEE STOCK OPTION PLANS. AS OF JULY
20, 2001, A TOTAL OF 969,358 SHARES HAD BEEN REPURCHASED UNDER THIS PROGRAM AT
A TOTAL COST OF APPROXIMATELY $39 MILLION, WHICH SHARES ARE NOW REFLECTED AS
1,346,394 SHARES OF TREASURY STOCK AS ADJUSTED FOR STOCK DIVIDENDS. THE
COMPANY CURRENTLY HAS INVESTED APPROXIMATELY $60 MILLION IN TREASURY SHARES,
WHICH AMOUNT HAS BEEN ACCUMULATED SINCE THE INCEPTION OF THE COMPANY.

IBC IS A $6.1 BILLION MULTI-BANK FINANCIAL HOLDING COMPANY HEADQUARTERED IN
LAREDO, TEXAS, WITH MORE THAN 100 FACILITIES AND 210 ATM'S SERVING 30
COMMUNITIES INCLUDING HOUSTON, SAN ANTONIO, CORPUS CHRISTI, MCALLEN,
BROWNSVILLE, PORT LAVACA, ZAPATA AND OTHER COMMUNITIES 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.




                                       5


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