Thursday, November 15, 2012
Commerce Bank CEO Recognized by FDIC for His Role in Community Banking Advisory Committee
Ignacio Urrabazo advised FDIC on policy issues
impacting community banks throughout the U.S.
(Nov. 15, 2012) Laredo, Texas – Commerce Bank President & CEO Ignacio Urrabazo, Jr. was recognized Nov. 8 during a ceremony in Washington, D.C. by the Federal Deposit Insurance Corporation (FDIC) for his role in its Community Banking Advisory Committee. The committee was originally established by the FDIC Board in May 2009 to provide advice and recommendations on a broad range of policy issues impacting community banks throughout the nation and the local communities they serve. Urrabazo was one of 14 community bankers from across the country selected for the committee. The Nov. 8 ceremony recognized him for his three and a half years of service.
“Ignacio Urrabazo’s role on the FDIC’s Community Banking Advisory Committee is significant because he was tasked with advising the FDIC about the impact of the country’s financial crisis on community banks,” International Bancshares Corporation Chairman Dennis Nixon said. “He also addressed regulatory reform proposals under consideration by Congress and their effect on community banks, as well as the impact of FDIC supervisory proposals on these banks.”
Urrabazo joined Commerce Bank, a subsidiary of International Bancshares Corporation in Laredo, in 1983. He has used his regional banking success to become one of the leading authorities in the U.S. on minority and small business banking. Urrabazo also serves as chair-elect of the Texas Bankers Association 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.
Commerce Bank is a member of International Bancshares Corporation (NASDAQ: IBOC), a $12.1 billion multi-bank financial holding company headquartered in Laredo, Texas, with 215 facilities and more than 335 ATMs serving 88 communities in Texas and Oklahoma. 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.