-----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,
 JHfH5CQSVSO6pV8oTcQK64yzbZBaFJByk7oEnNZN0xc/PE9LGo/WFnPQtctbCdrz
 Pnr+zD8eK89wDcYP//zdDA==

<SEC-DOCUMENT>0001104659-04-015818.txt : 20040528
<SEC-HEADER>0001104659-04-015818.hdr.sgml : 20040528
<ACCEPTANCE-DATETIME>20040528171958
ACCESSION NUMBER:		0001104659-04-015818
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040528
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20040528

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:		04839152

	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>a04-6574_18k.htm
<DESCRIPTION>8-K
<TEXT>
<html>

<head>



</head>

<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 style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

</div>

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

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

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

</font></b></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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM 8-K</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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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;"><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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or 15 (d) of<br>
The Securities Exchange Act of 1934</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="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;">Date of Report
(Date of earliest event reported): May 28, 2004</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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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 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="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;">Commission
File Number 0-9439</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="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;">Texas</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="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;">74-2157138</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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other Jurisdiction<br>
  of incorporation or organization)</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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer<br>
  Identification No.)</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="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;">1200 San
  Bernardo, Laredo, Texas</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="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;">78040-1359</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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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 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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ZIP Code)</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="margin:0in 0in .0001pt;text-align:center;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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;">&nbsp;&nbsp;(956)
  722-7611</font></b></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="margin:0in 0in .0001pt;text-align:center;"><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;">None</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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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>
  </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 style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></font></p>

</div>

<p style="margin:0in 0in .0001pt;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</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;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font style="font-weight:bold;">
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\smani\04-6574-1\task133886\6574-1-ba.htm',USER='smani',CD='May 29 01:32 2004' -->
<br clear="all" style="page-break-before:always;">
</font></b></font></font>

<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 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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May 28, 2004, International Bancshares
Corporation (NASDAQ:&#160; IBOC) and Local
Financial Corporation (NASDAQ:&#160; LFIN)
announced a correction </font></font><font size="2" style="font-size:10.0pt;">to the telephone number for
American Stock Transfer &amp; Trust Company included in the Election Form and
Letter of Transmittal previously mailed to LFIN stockholders in connection with
the pending merger between IBOC and LFIN.&#160;
Th<font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;">e 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;"><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&nbsp;&#150;&nbsp;Regulation Fair Disclosure&#148;
and shall not be deemed to be &#147;filed&#148; for the purposes of Section&nbsp;18 of
the Securities and Exchange Act of 1934, as amended, is not subject to the
liabilities of that section&nbsp;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;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font style="font-weight:bold;">
<!-- SEQ.=1,FOLIO='2',FILE='C:\jms\smani\04-6574-1\task133886\6574-1-ba.htm',USER='smani',CD='May 29 01:32 2004' -->
<br clear="all" style="page-break-before:always;">
</font></b></font></font>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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;"><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;">SIGNATURES</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="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;">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></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>

<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 0in 0in 0in;width:52.08%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:47.92%;">
  <p style="margin:0in 0in .0001pt;"><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;">INTERNATIONAL BANCSHARES CORPORATION</font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:47.92%;">
  <p style="margin:0in 0in .0001pt;"><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;">(Registrant)</font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:47.92%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:47.92%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><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;">By:</font></b></font></p>
  </td>
  <td width="20%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:20.8%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><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;">/s DENNIS E. NIXON</font></b></font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.7%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="43%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:43.5%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><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;">DENNIS E. NIXON, President,</font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="43%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:43.5%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><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;">and Chief Executive Officer</font></b></font></p>
  </td>
 </tr>
</table>

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

<p style="margin:0in 0in .0001pt;"><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;">Date: May 28, 2004</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;">3</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="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font style="font-weight:bold;">
<!-- SEQ.=1,FOLIO='3',FILE='C:\jms\smani\04-6574-1\task133886\6574-1-ba.htm',USER='smani',CD='May 29 01:32 2004' -->
<br clear="all" style="page-break-before:always;">
</font></b></font></font>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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;"><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 INDEX</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="9%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:9.62%;">
  <p style="margin:0in 0in .0001pt;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit<br>
  Number</font></b></font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p align="center" style="font-size:1.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="87%" valign="bottom" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:87.06%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="9%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:9.62%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
  <td width="87%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:87.06%;">
  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.62%;">
  <p style="margin:0in 0in .0001pt;"><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;">99</font></b></font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.06%;">
  <p style="margin:0in 0in .0001pt;"><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;">News Release of International Bancshares
  Corporation dated May 28, 2004</font></b></font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><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;"><font style="letter-spacing:0pt;text-decoration:none;text-shadow:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</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>

</div>


<!-- SEQ.=1,FOLIO='4',FILE='C:\jms\smani\04-6574-1\task133886\6574-1-ba.htm',USER='smani',CD='May 29 01:32 2004' -->
</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a04-6574_1ex99.htm
<DESCRIPTION>EX-99
<TEXT>
<html>

<head>



</head>

<body link="blue" vlink="purple" style="text-justify-trim:punctuation;">

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

<p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><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 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-indent:.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">International Bancshares
Corporation and Local Financial Corporation Announce Correction to Telephone
Number for Exchange Agent In Connection With Pending Merger</font></b></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LAREDO, TEXAS, and OKLAHOMA
CITY, OKLAHOMA, May 28, 2004 - International Bancshares Corporation (Nasdaq:
IBOC) and Local Financial Corporation (Nasdaq: LFIN) announced a correction to
the telephone number for American Stock Transfer &amp; Trust Company included
in the Election Form and Letter of Transmittal previously mailed to LFIN stockholders
in connection with the pending merger between IBOC and LFIN.&#160; The correct number is (877) 248-6417.&#160; LFIN stockholders should address a</font><font size="2" style="font-size:10.0pt;">ny inquiries
with respect to their election of merger consideration </font><font size="2" style="font-size:10.0pt;">as well as
requests for additional copies of the Election Form and Letter of Transmittal </font><font size="2" style="font-size:10.0pt;">to American
Stock Transfer &amp; Trust Company at the number listed above</font><font size="2" style="font-size:10.0pt;">.</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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Forward Looking Statements and Other Notices</font></b></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 and/or LFIN&#146;s website 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.&#160;
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 and/or LFIN&#146;s expectations in these statements.&#160; Neither IBOC nor LFIN assumes any obligation
and does not intend to update these forward-looking statements.&#160; For further information, please see IBOC&#146;s
and LFIN&#146;s reports filed with the SEC pursuant to the Securities Exchange Act
of 1934, which are available at the Securities and Exchange Commission&#146;s (SEC)
website 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.&#160; Investors and security holders
are advised to read the proxy statement-prospectus because it contains
important information.&#160; 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 website 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;">IBOC, LFIN and their
respective directors and executive officers may be deemed to be participants in
the solicitation of proxies from the security holders of IBOC and LFIN in
connection with the proposed merger.&#160; Information
about the directors and executive officers of IBOC and their ownership in IBOC
stock can be found in IBOC&#146;s proxy statement for its 2004 annual meeting of
stockholders.&#160; Information about the
directors and executive officers of LFIN and their ownership in LFIN stock can
be found in the proxy statement-prospectus filed with the SEC in connection
with the merger.</font></p>

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


<div><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='',FILE='C:\jms\smani\04-6574-1\task133886\6574-1-mm.htm',USER='smani',CD='May 29 01:33 2004' -->
<br clear="all" style="page-break-before:always;">
</font>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IBOC&#146;s and LFIN&#146;s filings
with the SEC are available to the public from commercial document retrieval
services and at the website maintained by the SEC at http://www.sec.gov. 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="47%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:47.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">For IBC:</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.6%;">
  <p align="center" style="font-size:1.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in 0in 0in 0in;width:48.72%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">For Local:</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:47.68%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.6%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.72%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" bgcolor="#cceeff" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:47.68%;">
  <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;">International Bancshares Corporation<br>
  P.O. Box 1359<br>
  1200 San Bernardo<br>
  Laredo, Texas 78040<br>
  Attn: Eliza Gonzalez, First Vice President-IBC Bank<br>
  (956) 722-7611</font></p>
  </td>
  <td width="3%" valign="top" bgcolor="#cceeff" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:3.6%;">
  <p align="center" style="font-size:1.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;">&nbsp;</p>
  </td>
  <td width="48%" valign="top" bgcolor="#cceeff" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.72%;">
  <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;">Local Financial Corporation<br>
  3601 N.W. 63rd Street<br>
  Oklahoma City, Oklahoma 73116<br>
  Attn: Richard L. Park, Chief Financial Officer<br>
  (405) 841-2298</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>


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

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

</font></div>

</div>


<!-- SEQ.=1,FOLIO='',FILE='C:\jms\smani\04-6574-1\task133886\6574-1-mm.htm',USER='smani',CD='May 29 01:33 2004' -->
</body>

</html>

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