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<SEC-DOCUMENT>0001104659-04-015239.txt : 20040521
<SEC-HEADER>0001104659-04-015239.hdr.sgml : 20040521
<ACCEPTANCE-DATETIME>20040521120447
ACCESSION NUMBER:		0001104659-04-015239
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040521
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20040521

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:		04823307

	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>a04-6377_18k.htm
<DESCRIPTION>8-K
<TEXT>
<html>

<head>



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<body link="blue" vlink="purple">

<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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="5" face="Times New Roman" style="border:none;font-size:18.0pt;font-weight:bold;"><font style="border:none;">UNITED STATES<br>
<font style="border:none;">SECURITIES AND EXCHANGE COMMISSION</font></font></font></b></font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">Washington, D.C.&#160;
20549</font></font></b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><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;"><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;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="5" face="Times New Roman" style="border:none;font-size:18.0pt;font-weight:bold;"><font style="border:none;">FORM 8-K</font></font></b></font></p>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><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;"><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;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="3" face="Times New Roman" style="border:none;font-size:12.0pt;font-weight:bold;"><font style="border:none;">Pursuant to Section 13 or 15 (d) of<br>
<font style="border:none;">The Securities Exchange Act of 1934</font></font></font></b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">Date of
Report (Date of earliest event reported): May 21, 2004</font></font></b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="5" face="Times New Roman" style="border:none;font-size:18.0pt;font-weight:bold;"><font style="border:none;">INTERNATIONA<font style="border:none;">L BANCSHARES CORPORATION</font></font></font></b></font></p>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">Commission
File Number 0-9439</font></font></b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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 0in 0in 0in;width:48.92%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">Texas</font></font></b></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.18%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.9%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">74-2157138</font></font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">(State
  or other Jurisdiction<br>
  <font style="border:none;">of incorporation or organization)</font></font></font></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.18%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.9%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">(I.R.S.
  Employer<br>
  <font style="border:none;">Identification No.)</font></font></font></font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.18%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.9%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">1200 San Bernardo, <font style="border:none;">Laredo, Texas</font></font></font></b></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.18%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.9%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">78040-1359</font></font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">(Address
  of principal executive offices)</font></font></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.18%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.9%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">(ZIP
  Code)</font></font></font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.18%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.9%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">(Registrant&#146;s
  telephone number, including area code)</font></font></font><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font style="border:none;font-weight:bold;"><font style="border:none;">&#160; (956) 722-7611</font></font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.18%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.9%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">None</font></font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">(Former
  name or former address, if changed since last report)</font></font></font></p>
  </td>
 </tr>
</table>

</div>

<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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

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


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

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

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font style="border:none;font-weight:bold;">
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</font></b></font></font>

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

<p style="margin:0in 0in .0001pt 76.5pt;text-indent:-76.5pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5.</font></u></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">  <u>Other
Events and Regulation FD Disclosure</u></font></b></p>

<p style="margin:0in 0in .0001pt 76.5pt;text-indent:-76.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;">On May 20, 2004, International Bancshares
Corporation (NASDAQ:&#160; IBOC) announced
that the shareholders of Local Financial Corporation (NASDAQ: LFIN) approved
the merger agreement between IBOC and LFIN at the Annual Meeting of LF<font style="border:none;">IN Shareholders on May 19, 2004.&#160; The news release, attached hereto and filed herewith as
Exhibit&nbsp;99, is incorporated herein by reference</font></font></font></font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All of the information furnished in Item&nbsp;5 of
this report and the accompanying exhibits are also intended to be included
under &#147;Item 9 &#150; Regulation Fair Disclosure&#148; and shall not be deemed to be
&#147;filed&#148; for the purposes of Section 18 of the Securities and Exchange Act of
1934, as amended, is not subject to the liabilities of that section and shall
not be incorporated by reference in any filing under the Securities Act of
1933, as amended.</font></p>

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


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

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

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
<!-- SEQ.=1,FOLIO='2',FILE='C:\jms\nyang\04-6377-1\task131902\6377-1-ba.htm',USER='nyang',CD='May 21 10:22 2004' -->
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</font>

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

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

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

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be <font style="border:none;">signed on its behalf by
the undersigned hereunto duly authorized.</font></font></font></b></font></p>

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

<p style="margin:0in 0in .0001pt;text-indent:.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="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="60%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:60.18%;">
  <p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">INTERNATIONAL BANCSHARES CORPORATION</font></font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">&#160; (Registrant)</font></font></b></font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.1%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.1%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.66%;">
  <p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">By:</font></font></b></font></p>
  </td>
  <td width="20%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:20.24%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">/s DENNIS E. NIXON</font></font></b></font></p>
  </td>
  <td width="36%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:36.28%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.66%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="56%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:56.52%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">DENNIS E. NIXON, President,</font></font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.66%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="56%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:56.52%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">and Chief Executive Officer</font></font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.1%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.1%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.82%;">
  <p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">Date: May 21, 2004</font></font></b></font></p>
  </td>
  <td width="30%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr height="0">
  <td width="287" style="border:none;"></td>
  <td width="26" style="border:none;"></td>
  <td width="146" style="border:none;"></td>
  <td width="45" style="border:none;"></td>
  <td width="217" style="border:none;"></td>
 </tr>
</table>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;"><font style="border:none;"><font style="border:none;">3</font></font></font></font></p>


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

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

</font></div>

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

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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="8%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:8.82%;">
  <p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="1" face="Times New Roman" style="border:none;font-size:8.0pt;font-weight:bold;"><font style="border:none;">Exhibit<br>
  <font style="border:none;">Number</font></font></font></b></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.34%;">
  <p align="center" style="font-size:1.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="70%" valign="bottom" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:70.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="1" face="Times New Roman" style="border:none;font-size:8.0pt;font-weight:bold;"><font style="border:none;">Description</font></font></b></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.34%;">
  <p align="center" style="font-size:1.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.66%;">
  <p align="center" style="font-size:1.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:8.82%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.34%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="70%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:70.84%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.34%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.66%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.82%;">
  <p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">99</font></font></b></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.34%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="70%" valign="top" style="padding:0in 0in 0in 0in;width:70.84%;">
  <p style="margin:0in 0in .0001pt;"><font style="border:none;letter-spacing:0pt;text-decoration:none;vertical-align:baseline;"><b><font size="2" face="Times New Roman" style="border:none;font-size:10.0pt;font-weight:bold;"><font style="border:none;">News Release of International Bancshares Corporation
  dated May 21, 2004</font></font></b></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.34%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.66%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>


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

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a04-6377_1ex99.htm
<DESCRIPTION>EX-99
<TEXT>
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<head>



</head>

<body link="blue" vlink="purple">

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

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT 99</font></b></font></p>

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

<p align="center" style="margin:0in 0in .0001pt;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 size="2" face="Times New Roman" style="font-size:10.0pt;">LAREDO, Texas - (BUSINESS WIRE) &#150;
International Bancshares Corporation (Nasdaq: IBOC) announced that the
shareholders of Local Financial Corporation (Nasdaq: LFIN) approved the merger
agreement between IBOC and LFIN at the Annual Meeting of LFIN Shareholders on
May 19, 2004.&#160; The merger is expected to
become effective after the close of business on June 18, 2004.</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;I&#146;m pleased that the shareholders of LFIN
voted for the approval of the merger,&#148; Dennis E. Nixon, president and CEO,
said. &#147;I am also pleased to announce that Thomas L. Travis, currently President
and CEO of IBC&#146;s San Antonio regional banking center, will be the new President
and CEO of the IBC Oklahoma regional banking center.&#160; Travis brings more than two decades of banking experience as a
top officer of IBC. Travis has defined and shaped IBC&#146;s commercial banking
efforts in San Antonio. During his presidency, Travis led IBC through
unprecedented growth and expansion.&#160; In
addition to his commercial lending expertise, Travis is actively engaged in
IBC&#146;s retail product and service development. He is also regularly on the front
line of the business community&#146;s efforts to attract new business.&#160; With the addition of Travis, I am confident
that IBC&#146;s motto of &#147;We do More&#148; will be delivered to the customers and
communities in Oklahoma.&#148;</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IBOC is a
$6.6 multi-bank financial holding company headquartered in Laredo, Texas, with
more than 100 facilities and more than 200 ATMs serving 35 communities
including Houston, San Antonio, Austin, Corpus Christi, McAllen, Brownsville,
Port Lavaca, Zapata, Eagle Pass and several others in the Southeast regions of
Texas.</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LFIN is
the $2.9 billion parent company of Local Oklahoma Bank, which provides a full
range of commercial and personal banking services at 52 locations across
Oklahoma. Its primary markets include Oklahoma&#146;s largest population and
business centers: Oklahoma City, Tulsa and Lawton, as well as cities from Miami
in the northeastern corner of the state, to Elk City in the west and Ardmore in
southern Oklahoma.</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This
document and information on IBOC&#146;s Web site may contain forward-looking
information (including information related to plans, projections or future
performance of IBOC and its subsidiaries and planned market opportunities,
employment opportunities and synergies from the acquisition of LFIN), the
occurrence of which involve certain risks, uncertainties, assumptions and other
factors which could materially affect future results. If any of these risks or
uncertainties materializes or any of these assumptions proves incorrect, IBOC&#146;s
results could differ materially from IBOC&#146;s expectations in these statements.
IBOC does not assume any obligation and does not intend to update these
forward-looking statements. For further information, please see IBOC&#146;s reports
filed with the Securities and Exchange Commission&#146;s (SEC) pursuant to the
Securities Exchange Act of 1934, which are available at the SEC&#146;s Web site at
www.sec.gov.</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
connection with the proposed transaction, IBOC and LFIN have filed a proxy
statement-prospectus with the SEC. Investors and security holders are advised
to read the proxy statement-prospectus because it contains important
information. Investors and security holders may obtain a free copy of the proxy
statement-prospectus and other documents filed by IBOC and LFIN with the SEC at
the SEC&#146;s Web site at http://www.sec.gov.</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
addition, requests for documents relating to IBOC and LFIN should be directed
as follows:</font></p>

<p style="margin:0in 0in .0001pt;"><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="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IBOC:</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">International Bancshares Corporation</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">P.O. Box 1359</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1200 San Bernardo</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Laredo, Texas 78040</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn: Eliza Gonzalez, First Vice
  President-IBC Bank, 956-722-7611</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LFIN:</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Local Financial Corporation</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3601 N.W. 63<sup>rd</sup> Street</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oklahoma City, Oklahoma 73116</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn: Richard L. Park, Chief Financial
  Officer, 405-841-2298</font></p>
  </td>
 </tr>
</table>

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


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

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