International Bank of Commerce

IBC Bank Names Kyle McElvaney President and CEO of Oklahoma Market

Retrieved on: 
Monday, March 4, 2024

The IBC Bank-Oklahoma board of directors announced the promotion of Kyle McElvaney as president and CEO of IBC Bank for the state of Oklahoma.

Key Points: 
  • The IBC Bank-Oklahoma board of directors announced the promotion of Kyle McElvaney as president and CEO of IBC Bank for the state of Oklahoma.
  • McElvaney previously served as president of IBC Bank in Oklahoma City.
  • View the full release here: https://www.businesswire.com/news/home/20240304767893/en/
    Kyle McElvaney, president and CEO of IBC Bank for the state of Oklahoma (Photo: Business Wire)
    Robert L. Mills, IBC Bank-Oklahoma chairman of the board, stated, “Kyle is a seasoned executive with a strong background in managing commercial and retail banking for IBC.
  • Expect great things to come.”
    McElvaney was named president of IBC Bank-Oklahoma City in January 2017, previously serving as executive vice president of IBC Bank’s Oklahoma market.

Chickasaw Community Bank Names Bill Schonacher as CEO

Retrieved on: 
Friday, February 23, 2024

Chickasaw Community Bank announces the hiring of Bill Schonacher as its new Chief Executive Officer, effective March 4.

Key Points: 
  • Chickasaw Community Bank announces the hiring of Bill Schonacher as its new Chief Executive Officer, effective March 4.
  • A 32-year veteran of the banking industry in Oklahoma, Schonacher is set to lead Chickasaw Community Bank towards a new era of growth and continued community engagement.
  • View the full release here: https://www.businesswire.com/news/home/20240223680552/en/
    Banking industry leader Bill Schonacher named Chickasaw Community Bank Chief Executive Officer.
  • Schonacher’s leadership comes as Chickasaw Community Bank seeks to expand its services and reinforce its commitment to supporting local communities and businesses.

International Bancshares Makes Forbes’ America’s Best Banks List

Retrieved on: 
Wednesday, May 24, 2023

International Bancshares Corporation (IBC)(NASDAQ: IBOC) has once again been ranked among the nation’s best banks by Forbes Magazine.

Key Points: 
  • International Bancshares Corporation (IBC)(NASDAQ: IBOC) has once again been ranked among the nation’s best banks by Forbes Magazine.
  • The Laredo-based multibank financial holding company ranked 32nd on the 14th annual prestigious list Best Banks in America, which ranked the 100 largest publicly traded banks and thrifts from best to worst.
  • “Our inclusion on the Best Banks in America list comes as another wonderful recognition,” said Dennis E. Nixon, president and CEO.
  • ‘Doing More’ is the foundation of everything we do.”
    The annual “Best Banks” list is developed by Forbes based on data compiled by SNL Financial of Charlottesville, Virginia.

Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2023

Retrieved on: 
Thursday, May 11, 2023

Total revenue increased to approximately $43.5 million for the three months ended March 31, 2023 from approximately $38.4 million during the comparable period in 2022.

Key Points: 
  • Total revenue increased to approximately $43.5 million for the three months ended March 31, 2023 from approximately $38.4 million during the comparable period in 2022.
  • Total revenue for the three months ended March 31, 2023 was 8.2% below total revenue of approximately $47.4 million during the comparable 2019 period.
  • Hotel EBITDA for the three months ended March 31, 2023, was approximately $1.1 million below the hotel EBITDA generated in the comparable 2019 period.
  • Dave Folsom, President and Chief Executive Officer of Sotherly Hotels Inc., commented, "The lodging markets continued to show good improvement in the first quarter, and Sotherly’s hotels performed well.

Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2022

Retrieved on: 
Thursday, March 2, 2023

Total revenue increased to approximately $41.3 million for the three months ended December 31, 2022 from approximately $35.1 million during the comparable period in 2021.

Key Points: 
  • Total revenue increased to approximately $41.3 million for the three months ended December 31, 2022 from approximately $35.1 million during the comparable period in 2021.
  • Total revenue for the three months ended December 31, 2022 was 6.7% below total revenue of approximately $44.3 million during the comparable 2019 period.
  • Total revenue increased to approximately $166.1 million for the year ended December 31, 2022 from approximately $127.6 million during the comparable period in 2021.
  • Dave Folsom, President and Chief Executive Officer of Sotherly Hotels Inc., commented, "The results of Sotherly’s fourth quarter helped cap a very good year for the Company.

NexBank Appoints Market President

Retrieved on: 
Tuesday, November 1, 2022

DALLAS, Nov. 1, 2022 /PRNewswire/ -- NexBank, the largest privately held bank based in Texas and a subsidiary of NexBank Capital, Inc., today announced it has appointed Scott Studenko as Market President of Dallas-Fort Worth.

Key Points: 
  • DALLAS, Nov. 1, 2022 /PRNewswire/ -- NexBank, the largest privately held bank based in Texas and a subsidiary of NexBank Capital, Inc., today announced it has appointed Scott Studenko as Market President of Dallas-Fort Worth.
  • Most recently, he served as Executive Vice President and Head of the Dallas branch for International Bank of Commerce.
  • NexBank is the largest privately held bank based in Texas with assets of $13.9 billion and a charter that dates to 1922.
  • NexBank is a subsidiary of NexBank Capital, Inc., a financial services company.

IBC Bank Leaders Applaud Border Opening

Retrieved on: 
Thursday, October 14, 2021

International Bank of Commerce leaders welcomed news that the Biden administration intends to relax travel restrictions on land-border crossings from Mexico and Canada.

Key Points: 
  • International Bank of Commerce leaders welcomed news that the Biden administration intends to relax travel restrictions on land-border crossings from Mexico and Canada.
  • Businesses that were already hit hard by the COVID-19 pandemic were wrecked by the border closure, said Dennis Nixon, president of IBC Bank and chairman of the board of International Bancshares Corporation.
  • Our border communities are in fact one city spanning two countries, said IBC Bank Executive Vice President Gerald Gerry Schwebel.
  • IBC Bank recently made the Forbes list of top eight banks in Texas and was among the Worlds Best Banks 2021 list.

ULI Selects The St. John For Prestigious Jack Kemp Chairman's Award

Retrieved on: 
Wednesday, October 13, 2021

The award celebration will take place at the ULI Fall Meeting in Chicago on October 11-14.

Key Points: 
  • The award celebration will take place at the ULI Fall Meeting in Chicago on October 11-14.
  • The commitment of these partners will ensure The St. John will serve future generations in this area of the city.
  • "It is a significant honor to be selected as a winner of the Jack Kemp Award," said Victor Miramontes, managing partner of Mission DG, Ltd. "The St. John was a uniquely complex development for us.
  • The project was awarded the 2020 Historic Preservation Award by The Conservation Society of San Antonio and the 2020 Power of Preservation Foundation People's Choice Award.

CBA Land Capital Closes Sale With Land Tejas

Retrieved on: 
Thursday, October 7, 2021

CBA Land Capital LP, a division of Connor Investment Real Estate, announced today that it recently closed on the sale of land to residential developer Land Tejas for the final phase of Balmoral, the No.

Key Points: 
  • CBA Land Capital LP, a division of Connor Investment Real Estate, announced today that it recently closed on the sale of land to residential developer Land Tejas for the final phase of Balmoral, the No.
  • IBC Bank issued the loan to Land Tejas for the final phase and CBA Land Capital LP secured the investment equity for development.
  • CBA Land Capital helps developers and homebuilders secure prime locations, manage cash flow and leverage costs by working as partners with their clients to structure projects based on a clients needs.
  • Headquartered in Houston, CBA Land Capital LP, a division of Connor Investment Real Estate, works with residential developers and homebuilders primarily in south-central Texas to assist and provide capital structures allowing for acquisition and development of land and lots.

Forbes Gives High Ranks to IBC Bank

Retrieved on: 
Wednesday, July 21, 2021

IBC Bank in Texas was ranked #1 and IBC Bank in Oklahoma was ranked #3 in the fourth annual ranking.

Key Points: 
  • IBC Bank in Texas was ranked #1 and IBC Bank in Oklahoma was ranked #3 in the fourth annual ranking.
  • The financial institutions were scored on the basis of overall recommendations and satisfaction.
  • Five sub-dimensions also included were trust, terms and conditions, branch services, digital services and financial advice, according to the report.
  • IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 186 facilities and 280 ATMs serving 87 communities in Texas and Oklahoma.