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Press Release

Wednesday, October 24, 2012

 Commerce Bank CEO Honored by University of Texas at El Paso 

Ignacio Urrabazo recognized for his contributions
to the banking industry


UTEP President Diana Natalicio and 2009 Distinguished Alumnus Award recipient Victor Arias, Jr. present Commerce Bank President & CEO Ignacio Urrabazo with the 2012 Distinguished Alumnus Award at a ceremony held Oct. 19 during the university's homecoming week.


(OCTOBER 24, 2012) LAREDO, TEXAS – Commerce Bank President & CEO Ignacio Urrabazo, Jr. was selected by the University of Texas at El Paso (UTEP) and its alumni association to receive the 2012 Distinguished Alumni Award. Urrabazo was recognized for his outstanding achievements, dedication, integrity, and hard work at an awards ceremony Oct. 19 as part of the university’s homecoming week activities. Urrabazo also visited classrooms to speak to students and was recognized at halftime during the Oct. 20 UTEP vs. Tulane football game. Past award honorees include former NASA Astronaut Dr. John D. Olivas, retired U.S. Army Major General James P. Maloney, and former Chairman and President of BP America, Inc. Robert A. Malone.

"Ignacio Urrabazo is a notable example of the caliber of personnel we are proud to have at IBC," International Bancshares Corporation Chairman Dennis Nixon said. "We are extremely proud that UTEP has recognized him with this well deserved distinction and consider ourselves fortunate to have him as head of one of our institutions."

Urrabazo graduated with a Bachelor of Business Administration from UTEP in 1970 and in 1983 joined Commerce Bank, a subsidiary of International Bancshares Corporation in Laredo. He has used his regional banking success to become one of the leading authorities in the U.S. on minority and small business banking. Through his leadership during his tenure, he grew the bank from an idea in 1983 to a $560 million enterprise in 2012. Urrabazo also serves as chair-elect of the Texas Bankers Association, is a member of the FDIC Advisory Committee on Community Banking, and has been chairman of the National Bankers Association and Minbanc Foundation, which represent and support minority banks. He has twice been asked to testify before congressional committees and invited to join a national panel discussion on job creation by U.S. House Speaker John Boehner in 2011. Urrabazo is also a past recipient of UTEP’s Gold Nugget Award from the College of Business Administration.

“This year’s Distinguished Alumni are living examples of how preparation at UTEP coupled with hard work and perseverance can result in significant professional contributions,” said Richard Daniel, Ph.D., associate vice president for university advancement and special projects, and executive director for alumni relations.

Since its beginnings as a small mining school in 1914, UTEP has been committed to providing access and excellence to those seeking a higher education. Today, the University offers 75 bachelor's, 78 master's and 19 doctoral degrees, with others in development.

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 210 facilities and more than 335 ATMs serving 88 communities in Oklahoma and Texas. 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. International Bancshares Corporation was named one of the nation’s 100 most trustworthy companies by Forbes in 2012. More information is available at www.ibc.com. Visit us on our YouTube Channel, IBCBankWeDoMore.