Closely held International Bancshares in Laredo, Tex., may use its new
The $4.5 billion-asset banking company began listing its stock on Nasdaq
Mr. Nixon described the move as an attempt to build stature. "It's one
"It relates to our public standing in Texas and nationally."
International Bancshares is 50% owned by its founder's family,
The remaining 10% of the company's stock is thinly traded.
The largest shareholder is Alicia M. Sanchez, who holds an 18.5% stake.
Ms. Sanchez is the widow of Antonio R. Sanchez Sr., who founded the bank
The move to Nasdaq gives International Bancshares' owners more
Past acquisitions-the bank made one last year-have been paid for in
That probably will not change soon, Mr. Nixon said, because his primary
But he said the company may use stock as currency in future deals. "It's
One of International Bancshares' biggest competitors is Cullen/Frost
Mr. Nixon said the prestige thatCullen/Frost gained from its NYSE
Mr. Nixon said he believes that recent mergers using stock swaps,
Even if International Bancshares decides to use its stock for mergers,
BOK Financial Corp. of Tulsa, Okla., said recently that it was
BOK, which has $5.4 billion of assets, is 75%-owned by George B. Kaiser,