Friday, May 30, 2014
Commerce Bank and IBC Bank Honor Ignacio Urrabazo
LAREDO, Texas (May 30, 2014) – Officials with Commerce Bank and IBC Bank joined local business and community leaders Thursday evening to honor Commerce Bank President and CEO Ignacio Urrabazo for his service as chairman of the Texas Bankers Association (TBA).
Urrabazo took over as the 126th chairman of the association last summer. The TBA is the largest and oldest banking association in the country.
“It has been a privilege to serve in such a prestigious and influential organization as the TBA,” Urrabazo said. “I truly thank my officers and employees of Commerce Bank whose talent and capabilities allowed me the freedom to focus on issues important to the banking industry overall.”
Founded in 1885, the organization’s membership includes representatives from 85 percent of Texas banks, 5,200 bank branches and 95 percent of Texas deposits. Among its many functions, the TBA serves its members at the state and federal levels by monitoring legislative and regulatory issues affecting banking. During his tenure as Chairman, Urrabazo traveled throughout the state of Texas speaking to more than 600 bankers to understand and address the challenges within the financial landscape. By addressing these challenges, the TBA upholds its mission to meet the needs of its members through education and advocacy and protect the integrity of the banking industry.
“Ignacio is a true asset to the banking industry and we’re fortunate to have his leadership at Commerce Bank and International Bancshares Corporation,” IBC Bank Chairman and CEO Dennis Nixon said. “We thank him for his service to the TBA and appreciate the knowledge and experience he brings to the customers and communities served by Commerce Bank and IBC Bank.”
Urrabazo has been involved with the TBA for more than 40 years, first serving on the association’s Installment Loan Group. He has served several stints on the TBA board of directors and executive committee and often travels to Washington, D.C. to address regulatory issues.
Commerce Bank is a member of International Bancshares Corporation (NASDAQ: IBOC), an $11.6 billion multi-bank financial holding company headquartered in Laredo, Texas, with 216 facilities and more than 320 ATMs serving 88 communities in Texas and Oklahoma. Commerce Bank has been serving the Laredo community since 1982 and has a retail branch network of four locations. Commerce Bank was named Business of the Month by the Laredo Chamber of Commerce in June 2012 in recognition of its strong advocacy and support of entrepreneurial business growth. More information is available at www.ibc.com. Visit us on our YouTube Channel,IBCBankWeDoMore. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION.
About the Texas Bankers Association Representing all Texas banking institutions, the Texas Bankers Association brings together community and regional banks and branches, bank holding companies and savings institutions. Founded in 1885, TBA is the largest and oldest state bankers association in the nation. The association is located in Austin and is governed by a board of directors representing member banks of all asset sizes from across the state.