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Wednesday, November 28, 2018

 Commerce Bank names Hernan Saldivar Maldonado and Greg Morgensen to Board of Directors 

                  
                                   Hernan Saldivar Maldonado

               

                                             Greg Morgensen

 

 

(November 28, 2018) LAREDO, TEXAS – Commerce Bank is proud to announce the appointment of Hernán Saldívar Maldonado and Greg Morgensen to the board of directors.

Saldívar is the founder and owner of Dicex, a global trade, logistics, transportation and distribution company with over 2,000 employees and 35 offices across Mexico. “I am honored to serve on the Commerce Bank board of directors,” said Saldívar. “I look forward to working with the other board members and the bank’s leadership team to ‘Make It Happen’ for the members of the Laredo and international business communities.”

Morgensen has worked in the car business in Laredo for over 30 years. He currently serves as Dealer Principal at Family Chevrolet and Family Nissan. He is an active board and executive committee member of the Laredo Chamber of Commerce and also serves on the board of Sisters of Mercy Health System and St. Augustine High School.

“I have always been drawn to serving the community, and I am looking forward to supporting Commerce Bank’s initiatives,” explained Morgensen. “As a long-time Laredoan, I am honored to have the opportunity to serve on this board.”

Commerce Bank President & CEO Ignacio Urrabazo, Jr. said the experience and wisdom both Saldívar and Morgensen will bring to the board is sure to greatly benefit the bank and the Laredo and international communities.

“The knowledge and experience that Hernán and Greg will bring to our board will be a tremendous addition and will help us continue to grow our bank and serve our community,” he said. “We’re excited to have two individuals who have had such great success personally and professionally join our bank and add further value to our community.”

Saldívar graduated from Instituto Panamericano de Alta Dirección de Empresa in Monterrey, Nuevo Leon. Morgensen is a graduate of Northwood Institute in Midland, Michigan. He and his wife Kelly have four children, ages 21-27.

Commerce Bank is a member of International Bancshares Corporation (NASDAQ: IBOC), a $11.8 billion multi-bank financial holding company headquartered in Laredo, Texas, with 191 facilities and more than 288 ATMs serving 90 communities in Texas and Oklahoma. Commerce Bank’s commitment to “We Make It Happen” reflects the bank’s dedication to the growth and success of both the community and customers it serves. International Bancshares was ranked 19th on Forbes’ prestigious list of 100 Best Banks in America in 2018. Commerce Bank has been serving the Laredo community since 1982 with a retail branch network of four locations. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION. Follow our Facebook page, @IBCBankWeDoMore. More information is available at ibc.com.