<SEC-DOCUMENT>0001104659-01-502365.txt : 20011030
<SEC-HEADER>0001104659-01-502365.hdr.sgml : 20011030
ACCESSION NUMBER:		0001104659-01-502365
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20011026
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20011026

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:		1768103

	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>j1851_8k.htm
<DESCRIPTION>8-K
<TEXT>
<html>



<head>



<title>Prepared by MERRILL CORPORATION</title>



</head>



<body style="text-justify-trim:punctuation">



<div class="Section1">



<div style="border:none;border-top:double windowtext 9.0pt;padding:0in 0in 0in 0in">



<p style="border:none;font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



</div>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="5" face="Times New Roman"><font style="font-size:18.0pt;font-family:'Times New Roman';font-weight:bold">SECURITIES AND EXCHANGE

COMMISSION</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';

font-weight:bold">Washington, D.C.&#160; 20549</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>





<div align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">



<hr size="1" width="25%" noshade="noshade" color="black" align="center">



</font></font></div>





<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="5" face="Times New Roman"><font style="font-size:18.0pt;font-family:'Times New Roman';font-weight:bold">FORM 8&#150;K</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="3" face="Times New Roman"><font style="font-size:12.0pt;font-family:'Times New Roman';font-weight:bold">CURRENT REPORT</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>





<div align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman';font-weight:bold">



<hr size="1" width="25%" noshade="noshade" color="black" align="center">



</font></font></b></font></div>





<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="3" face="Times New Roman"><font style="font-size:12.0pt;font-family:'Times New Roman';

font-weight:bold">Pursuant to Section 13 or 15 (d) of</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="3" face="Times New Roman"><font style="font-size:12.0pt;font-family:'Times New Roman';

font-weight:bold">The Securities Exchange Act of 1934</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';

font-weight:bold">Date of Report (Date

of earliest event reported):&#160; October

26, 2001</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="5" face="Times New Roman"><font style="font-size:18.0pt;font-family:'Times New Roman';font-weight:bold">INTERNATIONAL BANCSHARES

CORPORATION</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">(Exact Name of Registrant as Specified in its

Charter)</font></font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';

font-weight:bold">Commission File

Number 0&#150;9439</font></font></b></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<div align="center">



<table width="100%" style="width:100.0%;

 border-collapse:collapse;">

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman';font-weight:bold">Texas</font></font></b></font></p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman';font-weight:bold">74&#150;2157138</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">(State

  or other Jurisdiction</font></font></font></p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">(I.R.S.

  Employer</font></font></font></p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">of

  incorporation or organization)</font></font></font></p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">Identification

  No.)</font></font></font></p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman';font-weight:bold">1200 San Bernardo, Laredo, Texas</font></font></b></font></p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman';font-weight:bold">78040&#150;1359</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">(Address

  of principal executive offices)</font></font></font></p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">(ZIP

  Code)</font></font></font></p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="100%" colspan="3" valign="top" style="width:100.0%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">(Registrant's

  telephone number, including area code)<b><font style="font-weight:bold">&#160; (956) 722&#150;7611</font></b></font></font></font></p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="1%" valign="bottom" style="width:1.8%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" valign="top" style="width:49.1%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="100%" colspan="3" valign="top" style="width:100.0%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman';font-weight:bold">None</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="100%" colspan="3" valign="top" style="width:100.0%;padding:0in 0in 0in 0in">

  <p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:

  10.0pt;font-family:'Times New Roman'">(Former

  name or former address, if changed since last report)</font></font></font></p>

  </td>

 </tr>

</table>



</div>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<div style="border:none;border-bottom:double windowtext 9.0pt;padding:0in 0in 0in 0in">



<p style="border:none;font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



</div>



<font class="Single2"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold"><br clear="all" style="page-break-before:

always">

</font></font></u></b></font>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">Item 5</font></font></u></b></font><font class="Single2"><b><font face="Times New Roman"><font style="font-family:'Times New Roman';

font-weight:bold">.&#160;&#160;&#160; <u>Other Events</u></font></font></b></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On October 25, 2001, International Bancshares

Corporation issued a news release announcing Third Quarter 2001 Earnings,

attached hereto and filed herewith as Exhibit&nbsp;99 and is incorporated

herein by reference.</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">Item 7</font></font></u></b><b><font face="Times New Roman"><font style="font-family:'Times New Roman';font-weight:

bold">.&#160;&#160;&#160; <u>Financial Statements and Exhibits</u></font></font></b></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">c.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">The following exhibit is filed as part of this report:</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Indent2"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">(99)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; News

release of International Bancshares Corporation dated October 25, 2001.</font></font></font></p>



<font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold"><br clear="all" style="page-break-before:

always">

</font></font></b></font>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';

font-weight:bold">SIGNATURES</font></font></b></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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.</font></font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<table width="100%" style="width:100.0%;

 border-collapse:collapse;">

 <tr>

  <td width="50%" valign="top" style="width:50.92%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" colspan="3" valign="top" style="width:49.08%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">INTERNATIONAL BANCSHARES CORPORATION</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="width:50.92%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="49%" colspan="3" valign="top" style="width:49.08%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">&nbsp;&nbsp;(Registrant)</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="width:50.92%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" colspan="2" valign="top" style="width:5.58%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="43%" valign="top" style="width:43.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="width:50.92%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" colspan="2" valign="top" style="width:5.58%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="43%" valign="top" style="width:43.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="width:50.92%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="3%" valign="top" style="width:3.24%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">By:</font></font></b></font></p>

  </td>

  <td width="2%" valign="top" style="width:2.34%;border:none;border-bottom:solid windowtext .5pt;

  padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="43%" valign="top" style="width:43.5%;border:none;border-bottom:solid windowtext .5pt;

  padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">/s/ DENNIS E. NIXON</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="56%" colspan="3" valign="top" style="width:56.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="43%" valign="top" style="width:43.5%;border:none;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">DENNIS E. NIXON, President</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="56%" colspan="3" valign="top" style="width:56.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="43%" valign="top" style="width:43.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">and Chief Executive Officer</font></font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="56%" colspan="3" valign="top" style="width:56.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="43%" valign="top" style="width:43.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="56%" colspan="3" valign="top" style="width:56.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">Date:&#160;

  October 26, 2001</font></font></b></font></p>

  </td>

  <td width="43%" valign="top" style="width:43.5%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="367" style="border:none"></td>

  <td width="23" style="border:none"></td>

  <td width="17" style="border:none"></td>

  <td width="314" style="border:none"></td>

 </tr>

</table>



<font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold"><br clear="all" style="page-break-before:

always">

</font></font></b></font>



<p align="center" style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';

font-weight:bold">EXHIBIT INDEX</font></font></b></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">&nbsp;</font></font></b></font></p>



<table width="100%" style="width:100.0%;

 border-collapse:collapse;">

 <tr>

  <td width="13%" valign="bottom" style="width:13.02%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">Exhibit</font></font></b></font><font face="Times New Roman"><font style="font-family:'Times New Roman'"> <br>

  <font class="Single2"><b><u><font style="font-weight:bold">Number</font></u></b></font></font></font></p>

  </td>

  <td width="8%" valign="bottom" style="width:8.08%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="78%" valign="bottom" style="width:78.9%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';

  font-weight:bold">Description</font></font></u></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="13%" valign="bottom" style="width:13.02%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="8%" valign="bottom" style="width:8.08%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="78%" valign="bottom" style="width:78.9%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="13%" valign="top" style="width:13.02%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">99</font></font></font></p>

  </td>

  <td width="86%" colspan="2" valign="bottom" style="width:86.98%;padding:0in 0in 0in 0in">

  <p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font class="Single2"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">News Release of International Bancshares

  Corporation dated</font></font></font><font face="Times New Roman"><font style="font-family:'Times New Roman'"> <font class="Single2">October 25, 2001.</font></font></font></p>

  </td>

 </tr>

</table>



<p style="font-family:Arial;font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



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<head>



<title>Prepared by MERRILL CORPORATION</title>



</head>



<body>



<div class="Section1">



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';font-weight:bold">FOR

IMMEDIATE RELEASE:</font></font></b></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<table width="100%" style="width:100.0%;

 border-collapse:collapse;">

 <tr>

  <td width="7%" valign="top" style="width:7.84%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">Contact:&#160; </font></font></p>

  </td>

  <td width="45%" valign="bottom" style="width:45.0%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">Rosanne Palacios</font></font></p>

  </td>

  <td width="47%" valign="top" style="width:47.16%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">Elizabeth Marshall or

  Brian Dwyer</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="7%" valign="top" style="width:7.84%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="45%" valign="top" style="width:45.0%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">Vice President of

  Marketing</font></font></p>

  </td>

  <td width="47%" valign="top" style="width:47.16%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">KGBTexas, Inc.</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="7%" valign="top" style="width:7.84%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="45%" valign="top" style="width:45.0%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">International

  Bancshares Corporation</font></font></p>

  </td>

  <td width="47%" valign="top" style="width:47.16%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">(210) 826-8899</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="7%" valign="top" style="width:7.84%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="45%" valign="top" style="width:45.0%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">(956) 726-6636</font></font></p>

  </td>

  <td width="47%" valign="top" style="width:47.16%;padding:0in 0in 0in 0in">

  <p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

 </tr>

</table>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<h1 style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;text-autospace:none;text-decoration:underline;"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">International Bancshares Corporation Reports Third Quarter

2001 Earnings</font></font></u></b></h1>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman';">LAREDO, Texas&#151;-(BUSINESS WIRE)--October 25, 2001--International

Bancshares Corporation (NASDAQ:IBOC) today reported earnings for the third

quarter of 2001 increased <b><font style="font-weight:bold">14%</font></b> to <b><font style="font-weight:bold">$21.4 </font></b>million or <b><font style="font-weight:

bold">$.81</font></b> per share - basic (<b><font style="font-weight:bold">$.80</font></b>

per share - diluted) compared to <b><font style="font-weight:bold">$18.7 </font></b>million

or <b><font style="font-weight:bold">$.70</font></b> per share - basic (<b><font style="font-weight:bold">$.69</font></b> per share - diluted) in the

corresponding 2000 period.&#160; Third

quarter earnings per share increased <b><font style="font-weight:bold">16%</font></b>

over the corresponding 2000 period.&#160;

Earnings for the first nine months of 2001 were <b><font style="font-weight:bold">$62.9</font></b> million or <b><font style="font-weight:

bold">$2.37</font></b> per share - basic (<b><font style="font-weight:bold">$2.33</font></b>

per share - diluted) compared to <b><font style="font-weight:bold">$59.0</font></b>

million or <b><font style="font-weight:bold">$2.20</font></b> per share - basic

(<b><font style="font-weight:bold">$2.18</font></b> per share - diluted) in the

corresponding 2000 period.&#160; The

per-share data is fully adjusted for stock dividends, the most recent of which

was a 25% stock dividend declared on May 17, 2001.</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';">Dennis E. Nixon, CEO and Chairman of the

Board, stated that the Company&#146;s third quarter earnings represent a <b><font style="font-weight:bold">14%</font></b> increase over the corresponding 2000

period and a <b><font style="font-weight:bold">16%</font></b> increase in

earnings per share and continues the pattern of strong earnings reports

released this year.</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p align="left" style="font-size:11.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;

font-family:'Times New Roman';">Mr. Nixon

stated, &#147;I&#146;m pleased with the results for the third quarter, because the

Company&#146;s core earnings remained on target even in face of the negative

consequences of September 11, 2001, which affected its investment banking

operations, principally Sandler O&#146;Neill &amp; Partners, and its

transaction-based revenues.&#148;&#160; &#147;The

Company&#146;s year to date 2001 performance is <b><font style="font-weight:bold">7%</font></b>

ahead of 2000 on a smaller volume of total assets, reflecting very favorably on

IBC&#146;s commitment to superior earnings especially in light of the current

economic conditions,&#148; he said.</font></font></p>



<p align="left" style="font-size:11.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;

font-family:'Times New Roman';">&nbsp;</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';">Income before intangibles and goodwill

charges, which excludes the amortization of core deposit intangibles and

goodwill, increased <b><font style="font-weight:bold">15%</font></b>to <b><font style="font-weight:bold">$22.6

</font></b>million or <b><font style="font-weight:bold">$.86 </font></b>per

share - basic (<b><font style="font-weight:bold">$.84</font></b> per share -

diluted) for the third quarter of 2001 compared to <b><font style="font-weight:

bold">$19.6</font></b> million or <b><font style="font-weight:bold">$.74</font></b>

per share - basic (<b><font style="font-weight:bold">$.73</font></b> per share

- diluted) in the corresponding 2000 period.</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';">Total assets at September 30, 2001, were <b><font style="font-weight:bold">$5.7</font></b> billion compared to <b><font style="font-weight:bold">$5.8</font></b> billion at September 30, 2000.&#160; Total loans at September 30, 2001, were <b><font style="font-weight:bold">$2.4</font></b> billion compared to <b><font style="font-weight:bold">$2.2</font></b> billion at September 30, 2000.

Deposits at September 30, 2001, were <b><font style="font-weight:bold">$3.8</font></b>

billion compared to <b><font style="font-weight:bold">$3.7</font></b> billion

at September 30, 2000.</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';">IBC is a <b><font style="font-weight:bold">$5.7</font></b>

billion financial holding company headquartered in Laredo, Texas, with more

than 100 facilities and 210 ATM&#146;s serving 30 communities including Houston, San

Antonio, Corpus Christi, McAllen, Brownsville, Port Lavaca, Zapata and several

others throughout the Rio Grande Valley and the Texas Gulf Coast.</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman';">&#160;&#147;Safe Harbor&#148; 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&#146;s filings with the Securities and Exchange

Commission.</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman';">Copies of IBC&#146;s SEC filings and Annual Report (as an exhibit to

the 10-K) may be downloaded from the Internet at no charge from the SEC filings

site located at <u>http://www.sec.gov/edgar.shtml</u>.</font></font></p>



<p style="font-family:Times;font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt;font-family:'Times New Roman'">&nbsp;</font></font></p>



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