Inter National Bank

Inter National Bank
Headquarters McAllen, Texas
Key people
 Samuel J. Munafo, CEO
Amy Birt, CFO
Karen Bustilloz, EVP
Manny Casanova, EVP
Marin Espinosa, EVP
Dana Michael Long, EVP
Rafael Medrano,EVP
Mary Lou Vicencio, EVP
Website www.inbweb.com
Inter National Bank Headquarters, McAllen Texas
Inter National Bank El Paso Downtown Branch, El Paso, Texas
Inter National Bank McColl Rd Branch, McAllen Texas
Inter National Bank Laredo Branch, Laredo, Texas
Inter National Bank Sharyland Plantation Branch, Mission, Texas
Inter National Bank Weslaco Branch, Weslaco, Texas


Inter National Bank is nationally chartered US bank founded in 1985 and is headquartered in McAllen, Texas. It offers a full range of commercial and consumer banking products and loans. As of December 2015, Inter National Bank has 21 locations in Texas.[1] It has $1.7 billion in assets and is the 30th largest Texas bank.[2] It has retail locations in the Rio Grande Valley, Laredo, El Paso and The Woodlands, Texas.

Inter National Bank has a Five Star Safe & Sound rating by Bankrate, its highest rating.[3] Inter National Bank has maintained a Bankrate Safe & Sound five star rating from September 2013 to the current quarter available, September 2015. Inter National Bank is also rated Five-Star Superior for financial strength by BauerFinancial and is included in the Bauer's Recommended Bank Report.[4]

History

In 1991, Hidalgo Federal Savings & Loan Association in Edinburg, Texas failed and a portion of its assets where acquired by Inter National Bank.[5]

In 2002, the American Bankers Association's ABA Banking Journal named Inter National Bank the top performing non-Subchapter S bank in the nation with assets between $100 million and $1 billion.[6]

In 2005, Inter National Bank acquired Weslaco-based City National Bank.[7]

In 2006, Mexico's Banorte acquired 70% of INB Financial Corp stock for $259 million.[8] INB Financial Corp is the holding company of Inter National Bank. Banorte exercised its option to acquire the remaining 30% of INB Financial Corp stock for $146.6 million in 2009.[9]

References

  1. ↑ http://research.fdic.gov/bankfind/detail.html?bank=25879&name=Inter National Bank&searchName=&searchFdic=&city=&state=&zip=&address=&tabId=1
  2. ↑ http://www.banking.state.tx.us/pubs/topbnks/top100.htm
  3. ↑ http://www.bankrate.com/rates/safe-sound/memorandums-memos.aspx?fedid=894553
  4. ↑ http://www.bauerfinancial.com/btc_ratings.asp
  5. ↑ http://www.ffiec.gov/nicpubweb/nicweb/AcquisitionForm.aspx?parID_RSSD=894553&parDT_END=99991231
  6. ↑ https://www.inbweb.com/aboutinb/index.htm
  7. ↑ http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=289065&parDT_END=99991231
  8. ↑ http://www.banorte.com/portal/personas/informacion.web?grupo=14&elemento=69
  9. ↑ http://www.banorte.com/portal/personas/informacion.web?grupo=14&elemento=69
This article is issued from Wikipedia - version of the Tuesday, April 26, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.