-----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,
 ULGmawpuBhSORm4LZHuGtUgy5AFY1nVTQwEMCEG1Q8cB+oBOZt8p78PcUwadrqyG
 kP8HYX3Cn4YF+4LwW4q1fA==

<SEC-DOCUMENT>0001104659-02-000612.txt : 20020414
<SEC-HEADER>0001104659-02-000612.hdr.sgml : 20020414
ACCESSION NUMBER:		0001104659-02-000612
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20020228
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20020228

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:		02562909

	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>j2937_8k.htm
<DESCRIPTION>8-K
<TEXT>
<html>



<head>



<title>SECURITIES AND EXCHANGE COMMISSION</title>



</head>



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



<div style="font-family:'Times New Roman';">



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



<p style="border:none;margin:0in 0in .0001pt;padding:0in;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></font></p>



</div>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C.&#160;

20549</font></b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></font></p>





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



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



</font></div>





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



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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM 8&#150;K</font></b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></font></p>



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





<div align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">



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



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





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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant

to Section 13 or 15 (d) of</font></b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">The

Securities Exchange Act of 1934</font></b></font></p>



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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Date of Report (Date of earliest event reported):

February 28, 2002</font></b></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">INTERNATIONAL BANCSHARES CORPORATION</font></b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact Name of Registrant as Specified in its Charter)</font></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Commission File Number 0&#150;9439</font></b></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<div align="center">



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">

 <tr>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.66%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Texas</font></b></font></p>

  </td>

  <td width="2%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:2.7%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.64%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">74&#150;2157138</font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.66%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other Jurisdiction</font></font></p>

  </td>

  <td width="2%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:2.7%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.64%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.66%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">of incorporation or organization)</font></font></p>

  </td>

  <td width="2%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:2.7%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.64%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identification No.)</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.66%;">

  <p align="center" style="font-size:12.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:2.7%;">

  <p style="font-size:12.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.64%;">

  <p align="center" style="font-size:12.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.66%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1200 San Bernardo, Laredo,

  Texas</font></b></font></p>

  </td>

  <td width="2%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:2.7%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.64%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">78040&#150;1359</font></b></font></p>

  </td>

 </tr>

 <tr>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.66%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive offices)</font></font></p>

  </td>

  <td width="2%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:2.7%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" valign="top" style="padding:0in .7pt .7pt .7pt;width:48.64%;">

  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ZIP Code)</font></font></p>

  </td>

 </tr>

</table>



</div>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s telephone number, including area code) <b><font style="font-weight:bold;">&#160;(956) 722&#150;7611</font></b></font></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">None</font></b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or former address, if changed since last report)</font></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



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



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



</div>



<font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
<!-- SEQ.=1,FOLIO='',FILE='C:\C2\khuggett\2937_1\t_431320\j2937_8k.htm',USER='khugget',CD='Feb 28 11:42 2002' -->
<br clear="all" style="page-break-before:always;">

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



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5</font></u></b></font><font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">.&#160;&#160;&#160; <u>Other

Events</u></font></b></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



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

February 28, 2002, International Bancshares Corporation issued a news release

announcing the declaration of a forty-cent per share cash dividend for all

holders of Common Stock, $1.00 par value, of record on March 29, 2002 said cash

dividend to be payable on April 15, 2002.&#160;

The news release, attached hereto and filed herewith as Exhibit&nbsp;99,

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



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7</font></u></b></font><font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">.&#160;&#160;&#160; <u>Financial

Statements and Exhibits</u></font></b></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



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



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:1.0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">The

following exhibit is filed as part of this report:</font></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 1.0in 10.3pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(99)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; News release of International Bancshares Corporation dated

February 28, 2002.</font></font></p>



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



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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman"><font size="3" style="font-size:12.0pt;">2</font></font></font></p>





<div style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">



<hr size="2" width="100%" noshade color="gray" align="left">



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



<font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
<!-- SEQ.=1,FOLIO='2',FILE='C:\C2\khuggett\2937_1\t_431320\j2937_8k.htm',USER='khugget',CD='Feb 28 11:42 2002' -->
<br clear="all" style="page-break-before:always;">

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



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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



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



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt 2.0in;text-autospace:none;text-indent:2.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">

 <tr>

  <td width="50%" valign="top" style="padding:0in .7pt .7pt .7pt;width:50.98%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></font></p>

  </td>

  <td width="49%" colspan="2" valign="top" style="padding:0in .7pt .7pt .7pt;width:49.02%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTERNATIONAL BANCSHARES

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

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="padding:0in .7pt .7pt .7pt;width:50.98%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></font></p>

  </td>

  <td width="49%" colspan="2" valign="top" style="padding:0in .7pt .7pt .7pt;width:49.02%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;(Registrant)</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="padding:0in .7pt .7pt .7pt;width:50.98%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

  </td>

  <td width="10%" valign="top" style="padding:0in .7pt .7pt .7pt;width:10.74%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

  </td>

  <td width="38%" valign="top" style="padding:0in .7pt .7pt .7pt;width:38.28%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="padding:0in .7pt .7pt .7pt;width:50.98%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

  </td>

  <td width="10%" valign="top" style="padding:0in .7pt .7pt .7pt;width:10.74%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

  </td>

  <td width="38%" valign="top" style="padding:0in .7pt .7pt .7pt;width:38.28%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="padding:0in .7pt .7pt .7pt;width:50.98%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></font></p>

  </td>

  <td width="10%" valign="top" style="padding:0in .7pt .7pt .7pt;width:10.74%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></font></p>

  </td>

  <td width="38%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt;width:38.28%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;/s

  DENNIS E. NIXON</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="padding:0in .7pt .7pt .7pt;width:50.98%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

  </td>

  <td width="10%" valign="top" style="padding:0in .7pt .7pt .7pt;width:10.74%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

  </td>

  <td width="38%" valign="top" style="border:none;padding:0in .7pt .7pt .7pt;width:38.28%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;DENNIS

  E. NIXON, President,</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="50%" valign="top" style="padding:0in .7pt .7pt .7pt;width:50.98%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

  </td>

  <td width="10%" valign="top" style="padding:0in .7pt .7pt .7pt;width:10.74%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

  </td>

  <td width="38%" valign="top" style="padding:0in .7pt .7pt .7pt;width:38.28%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;and

  Chief Executive Officer</font></font></p>

  </td>

 </tr>

</table>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: February 28, 2002</font></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman"><font size="3" style="font-size:12.0pt;">3</font></font></font></p>





<div style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">



<hr size="2" width="100%" noshade color="gray" align="left">



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



<font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
<!-- SEQ.=1,FOLIO='3',FILE='C:\C2\khuggett\2937_1\t_431320\j2937_8k.htm',USER='khugget',CD='Feb 28 11:42 2002' -->
<br clear="all" style="page-break-before:always;">

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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT INDEX</font></b></font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">

 <tr>

  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt;width:11.22%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit <br>

  Number</font></b></font></p>

  </td>

  <td width="5%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:5.54%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt;width:12.2%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Description</font></b></font></p>

  </td>

  <td width="71%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:71.06%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="11%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:11.22%;">

  <p style="font-size:12.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="5%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:5.54%;">

  <p style="font-size:12.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="12%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:12.2%;">

  <p style="font-size:12.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="71%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:71.06%;">

  <p style="font-size:12.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="11%" valign="top" style="padding:0in .7pt .7pt .7pt;width:11.22%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">99</font></font></p>

  </td>

  <td width="5%" valign="bottom" style="padding:0in .7pt .7pt .7pt;width:5.54%;">

  <p style="font-size:1.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="83%" colspan="2" valign="top" style="padding:0in .7pt .7pt .7pt;width:83.24%;">

  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">News Release of

  International Bancshares Corporation dated February 28, 2002.</font></font></p>

  </td>

 </tr>

</table>



<p style="margin:0in -.5in .0001pt 0in;text-autospace:none;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>



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



<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font><font size="2" face="Times New Roman"><font size="3" style="font-size:12.0pt;">4</font></font></font></p>





<div style="margin:0in 0in .0001pt;text-autospace:none;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">



<hr size="2" width="100%" noshade color="gray" align="left">



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



</div>



</body>



</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>j2937_ex99.htm
<DESCRIPTION>EX-99
<TEXT>
<html>



<head>



<title> </title>



</head>



<body>



<div style="font-family:'Times New Roman';">



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT 99</font></b></font></p>



<p style="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">FOR IMMEDIATE RELEASE</font></font></p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Contact:</font></font></p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dennis E. Nixon</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman &amp; Ceo</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">International Bancshares Corporation</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(956) 722-7611 (Laredo)</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="font-size:12.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="font-size:12.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="font-size:12.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Elizabeth Marshall or Brian Dwyer</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">KGBT Texas, Inc.</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="52%" valign="top" style="padding:0in .7pt .7pt .7pt;width:52.1%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="14%" valign="top" style="padding:0in .7pt .7pt .7pt;width:14.6%;">

  <p style="font-size:1.0pt;margin:0in -.5in .0001pt 0in;">&nbsp;</p>

  </td>

  <td width="33%" valign="top" style="padding:0in .7pt .7pt .7pt;width:33.3%;">

  <p style="margin:0in -.5in .0001pt 0in;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">(210) 826-8899 (San Antonio)</font></font></p>

  </td>

 </tr>

</table>



<p style="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in -.5in .0001pt 0in;text-align:center;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES</font></font></p>



<p align="center" style="margin:0in -.5in .0001pt 0in;text-align:center;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">CASH DIVIDEND</font></font></p>



<p align="center" style="margin:0in -.5in .0001pt 0in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">LAREDO, TX,.....February 28,

2002.....International Bancshares Corporation (&#147;IBC&#148;) today announced that on

February 21, 2002, the Board of Directors approved the declaration of a 40

cents per share cash dividend, for shareholders of&#160; record as of the close of business on&#160; March 29, 2002, payable on April 15, 2002.</font></font></p>



<p style="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&quot;This cash dividend was

made possible because of the strong performance of IBC,&quot; said Dennis E.

Nixon, Chairman and CEO of IBC.&#160;

&quot;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&#146;s financial position, acquisition opportunities and general business

conditions at the time.&quot;</font></font></p>



<p style="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">On February 25, 2002,&#160; IBC reported 2001 earnings.&#160;&#160;&#160; Net income and earnings per share for

2001&#160; were $83.3 million or $3.15 per

share-basic ($3.09 per share diluted) compared to $75.1 million or $2.81 per

share basic ($2.77 per share-diluted) in the corresponding 2000 period. These

very positive numbers represent a 11.6% increase in diluted earnings per share

and a 10.8% increase in net income over 2000.&#160;

&#147;This new milestone in earnings sets IBC apart from its competitors and

demonstrates management&#146;s commitment to superior earnings&#148; said Dennis E.

Nixon.&#160; Total assets at December 31,

2001 were $6.4 billion compared to $5.8 billion at December 31, 2000.</font></font></p>



<p style="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">IBC (NASDAQ: IBOC)&#160; is a $6.4 billion multi-bank financial

holding company headquartered in Laredo, Texas, with 130 facilities and 238 ATM&#146;s

serving 40 communities including Houston, San Antonio,&#160; Corpus Christi,&#160; McAllen, Brownsville, Port Lavaca, Zapata, Eagle Pass and several

others in the central, southern and Gulf Coast regions of Texas.</font></font></p>



<p style="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Safe </font></font><font><font size="2" style="font-size:10.0pt;">Harbor</font></font><font><font size="2" style="font-size:10.0pt;">&#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="margin:0in -.5in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Copies of </font></font><font><font size="2" style="font-size:10.0pt;">IBC&#146;s</font></font><font><font size="2" style="font-size:10.0pt;"> SEC filings and

Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC

filings site located at <i><font style="font-style:italic;">http://www.sec.gov/edgar.shtml.</font></i></font></font></p>



</div>




<!-- SEQ.=1,FOLIO='',FILE='C:\C2\khuggett\2937_3\t_431701\j2937_ex99.htm',USER='khugget',CD='Feb 28 15:21 2002' -->
</body>



</html>


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