International Bancshares Corporation Announces Cash Dividend.LAREDO, Texas -- International Bancshares Corporation ("IBC IBC International Building Code IBC Iraq Body Count IBC Institutional Biosafety Committee IBC Inflammatory Breast Cancer IBC International Business Company IBC Independence Blue Cross IBC Insurance Bureau of Canada IBC International Broadcasting Convention ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IBOC See HD Radio. ) today announced that the Board of Directors approved the declaration of a 35 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. cash dividend, for shareholders of record as of the close of business on October 16, 2006, payable on November 1, 2006. "This cash dividend was made possible because of the strong performance of IBC for 2006," said Dennis E. Nixon, Chairman and President of IBC. It is the inclination of the Board to continue to declare semiannual cash dividends. However, any declaration of future cash dividends will depend upon IBC's financial position, acquisition opportunities, and general business conditions at the time. IBC is a $10.6 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 200 facilities and more than 330 ATMs serving more than 90 communities in Texas and Oklahoma. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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's filings with the Securities and Exchange Commission. Copies of IBC's SEC filings and Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC filings site located at http://www.sec.gov/edgar.shtml or IBC's website at http://www.ibc.com. |
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