Friday, April 19, 2013
IBC Bank-Brownsville President & CEO Receives 2013 Business Leader Award
From left, Valley Baptist Health System President & CEO Manny Vela, IBC Bank-Brownsville President & CEO Fred W. Rusteberg, Gobar Systems Inc. President & CEO Rolando Gonzalez-Barron, and event keynote speaker, Mario Laborín Gómez, chairman & CEO of ABC Capital.
IBC Bank-Brownsville President & CEO Fred Rusteberg was honored with a 2013 Business Leader Award at the University of Texas at Brownsville’s second annual Business Appreciation Breakfast March 22, 2013 at the UTB campus. A Brownsville native and community leader, Rusteberg told attendees he had always dreamed of becoming a banker in his hometown because he wanted to help people. After serving in the Army, he wasn’t able to find a banking job in Brownsville, so he was hired as assistant director of the Port of Brownsville, then as a senior lender at another financial institution. In 1984, IBC Bank Chairman and CEO Dennis Nixon hired Rusteberg as IBC Bank-Brownsville’s founding president and CEO. Today, IBC Bank-Brownsville is one of region’s top banks, with more than $800 million in assets and 14 facilities in Cameron County.
In accepting his award, Rusteberg thanked his family for their support throughout his career. He also commended IBC Bank-Brownsville officers, directors, and employees for consistently demonstrating the bank’s “We Do More” philosophy, contributing to the bank’s success, and supporting his efforts to help the community. Rusteberg was one of three recipients honored, along with Gobar Systems CEO Rolando Gonzalez and Valley Baptist Health System CEO Manny Vela. The annual Business Appreciation Breakfast is hosted by UTB’s School of Business and celebrates the top business leaders of the region.