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Press Release

Tuesday, June 24, 2014

 IBC Bank Awards $12,000 In Scholarships to Area Graduates 

(June 24, 2014) Brownsville – For the 13th consecutive year, IBC Bank-Brownsville is promoting higher education by awarding a combined $12,000 in scholarships to 12 area high school graduates as they embark upon college and a new chapter of their adult lives. The students were awarded the A.R. Sanchez, Sr. Memorial Scholarship Award at a citywide reception Tuesday, May 27 at IBC Bank-Brownsville Main branch located at 1600 Ruben Torres.

IBC Bank-Brownsville began this market-wide scholarship initiative in 2001 to provide the opportunity for higher education to youth from low to moderate income households. Born into a humble family, Antonio R. Sanchez, Sr., the namesake of the scholarship award and the founder of IBC Bank, was a strong supporter of making higher education available to those interested in bettering their lives. Sanchez’s commitment to the power of learning lives on in the A.R. Sanchez Scholarship Award, which is bestowed annually upon deserving high school seniors in South Texas and the upper Gulf Coast area.

“The A.R. Sanchez, Sr. Memorial Scholarship Award tangibly demonstrates IBC’s ‘We Do More’ philosophy and reiterates the bank’s firm stance on promoting higher education in the community,” IBC Bank-Brownsville President and CEO Fred W. Rusteberg said. “These deserving high school seniors are the future business men and women of Brownsville, and we are proud to assist them in their pursuit of higher education.”

This year, IBC Bank-Brownsville presented a total of 12 A.R. Sanchez, Sr. Memorial Scholarship Awards, each valued at $1,000, across 12 area high schools. Scholarship award recipients included: Jose Angel Serrata, Jr. – Hannah High School; Mary Funk – Harlingen High School; Melannie Andrea Ruiz – Harlingen High School South; Ashley Mendez Martinez – Lopez High School; Keyla Lorelie Pecina – Los Fresnos High School; Jose Luis Hernandez – Pace High School; David Lee Hernandez – Port Isabel High School; Astrid Jaquelin Nieto – Porter High School; Kassandra Tamayo – Rivera High School; Alejandro Banda, Jr. – St. Joseph Academy; Allen Lee Anguiano – Veterans Memorial High School; and Frances Angelique Gonzalez – IDEA Frontier College Preparatory.

In addition to their scholarship, students were provided a free “Get Smart About Credit” financial literacy course, presented by IBC Bank-Brownsville. Credit management techniques taught in this course empower students to develop strong financial habits for a lifetime. The course informed students about different types of credit, the importance of credit worthiness, keeping records for checking accounts and how to identify ways to save money.

IBC Bank–Brownsville is a member of International Bancshares Corporation (NASDAQ: IBOC), an $12.1 billion multi-bank financial holding company headquartered in Laredo, Texas, with over 210 facilities and more than 320 ATMs serving 88 communities in Texas and Oklahoma. IBC Bank-Brownsville has been serving the area since 1984 and has a retail branch network of 14 locations. Visit us on our YouTube channel, IBCBankWeDoMore. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION. More information is available at www.ibc.com