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International Bank of Commerce (IBC) is a state chartered bank owned by International Bancshares Corporation headquartered in Laredo, Texas (United States). It is one of the largest banks based in Texas, and is the 83rd largest U.S. bank by asset size. [1] In addition, IBC is the largest minority-owned bank in the United States.
International Bancshares Corporation is a bank holding company based in Laredo, Texas. [1] The company's main subsidiary is International Bank of Commerce, also based in Laredo. Through four bank subsidiaries, International Bancshares has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas ...
Dennis E. Nixon is the CEO of International Bank of Commerce in Laredo, Texas since 1975 and Chairman of International Bancshares Corporation, the largest minority-owned bank organization in the continental United States. [1] He was inducted into the Texas Business Hall of Fame in 2006. [2]
The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets. [8]
CIBC Bank USA is an American commercial bank headquartered in Chicago, Illinois.Founded in 1989 as The PrivateBank and Trust Company (doing business as The PrivateBank), a subsidiary of PrivateBancorp Inc., the company became a subsidiary of the Toronto-based Canadian Imperial Bank of Commerce (CIBC) after a US$5 billion acquisition in June 2017. [2]
IBC Airways, an American airline company; IBC (bus manufacturer), a former Australian bus manufacturer; IBC Vehicles, Isuzu Bedford Company; Índice Bursátil de Capitalización, a stock market index in Venezuela; Institute of Business Consulting, UK; Insolvency and Bankruptcy Code, 2016, India; International Bank of Commerce, Texas, United States
Characteristics of an IBC vary by jurisdiction, but will usually include: Chart of an offshore company structure. exemption from local corporate taxation and stamp duty, provided that the company engages in no local business (annual agent's fees and company registration taxes are still payable, which are normally a few hundred U.S. dollars per year)
Also in 2010, ICB Bank Zambia was established. [ 5 ] In 2013, ICB sold the entirety of its Malawian operation, and controlling stakes of its operations in Zambia and Mozambique to southern African banking group FMB : [ 6 ] ICB Malawi did not meet the minimum regulatory capital and other liquidity requirements, meant to safeguard customers.