International Bancshares Corp: International Bancshares Corporation is a bank holding company which has four subsidiary banks and was named as one of “America’s 100 most trustworthy companies” by Forbes magazine. Since its inception in 1966, it has grown from 1 million dollars to 11.8 billion dollars. This makes it one of Texas’ largest holding companies.
The subsidiaries of IBC are International Bank of Commerce (branch network), IBC Insurance Agency, Inc., GulfStar Group (Investment Banking), First Equity Corporation (Mortgage Lending). These subsidiaries work in tandem to achieve the best results.
International Bancshares Corp Review 2019
Area of operations – International Bancshares corporation provides multiple services through its subsidiaries. These include, but are not limited to banking, insurance, investment banking, mortgage. It has over 185 branches and has a good network of ATMs through Oklahoma and Texas
Exceptional growth – Since inception, IBC has grown over 11 thousand times. This has been possible because of stringent management and understanding the market temperament. Investors and clients have been rewarded for their loyalty and their service record is almost perfect.
Engagement with J.D. Power – IBC has recently tied up with J.D. Power to survey its customer satisfaction. J.D. Power is a world leader in consumer insights and analysis. This is with a view of improving upon the already competent services provided by International Bancshares Corporation.
Services offered – The company mainly offers personal banking and retail banking services. It offers a grand range of deposit schemes and checking accounts. It also offers installment loans and term loans for various purposes including, but not limited to real estate, personal, home improvement, and automobile. They also offer credit cards, notary, escrow, and deposit boxes. IBC is aimed at creating a one-stop shop for all the financial needs of consumers and businesses.
International Bank of Commerce – This is the main subsidiary of IBC and is one of the largest banks based in Texas. It is the USA’s 83rd largest bank by asset size. Through its well-organized branch network, it is one on IBC’s topmost revenue generators.
IBC Insurance Agency – The IBC Insurance Agency is functional in the field of providing Life and business insurance. It has not yet ventured into the field of Property and Casualty (P&C) insurance. There is speculation that the company may soon launch P&C products.
GulfStar Group – GulfStar Group, Inc. is an investment banking firm that provides financial advisory services to the mid-market companies. The firm advice on matters of mergers and acquisitions, institutional private placements investments, restructuring, and corporate finance. Most of its clients are operational in Energy, Infrastructure, manufacturing, and transportation.
First Equity Corporation – This company is wholly dedicated to mortgage lending on residential properties. This company works in conjunction with GulfStar and International Bank of Commerce.
International Bancshares Corporation is one of America’s largest bank holding companies. In the past 50 years, it has been a ripe investment option. The Forbes magazine and Bloomberg analysts have praised its performance and growth on multiple occasions. Operational in Oklahoma and Texas, this is the go-to financial institution for funding in those states.