Ignacio Urrabazo Jr.
With more than 48 years of banking experience, including 35 years as president of Laredo's Commerce Bank, Ignacio Urrabazo has established himself as one of the leading small business-banking experts in the United States.
Mr. Urrabazo has been the chairman of both the National Bankers Association and the Texas Bankers Association (TBA). The TBA is the largest and most powerful state banking organization in the country. He has also been involved in U.S.- Mexico border financial services and relationships since taking a leadership role in the creation of Commerce Bank in 1983. Mr. Urrabazo was also chairman of the Laredo Chamber of Commerce and has received numerous awards for his banking and community involvement. Under his direction, Commerce Bank, part of International Bancshares Corporation, a $11.8 billion financial holding company and the largest minority-owned bank in the country, has grown from $5 million in assets to almost $600 million. Mr Urrabazo is currently involved in the Compliance Review Committee, the Small Business Committee, and is also heading of the CRA Committee for the holding company.
He was a former member of the American Bankers Association's Government Relations council and formerly in the FDIC's Advisory Committee on Community Banking, one of 15 bank presidents from across the country. He has testified before the U.S. Congress on two occasions on the passage of NAFTA and the impact of the Dodd Frank Act on community banking. For more than a decade he has been the chairman of the MinBanc Foundation, a non-profit organization he helped create in 1999 to increase educational opportunities in the minority banking community. He is also a Board Member of NeighborWorks Laredo, a non profit organization that provides education and funding to low and moderate income housing.
The Marine Corps veteran earned his bachelor's degree at the University of Texas-El Paso, where he is a Distinguished Alumnus, his MBA degree at the University of Texas-San Antonio, and a graduate banking degree at Southern Methodist University.