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 |
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
- ^ http://research.fdic.gov/bankfind/detail.html?bank=25879&name=Inter National Bank&searchName=&searchFdic=&city=&state=&zip=&address=&tabId=1
- ^ http://www.banking.state.tx.us/pubs/topbnks/top100.htm
- ^ http://www.bankrate.com/rates/safe-sound/memorandums-memos.aspx?fedid=894553
- ^ http://www.bauerfinancial.com/btc_ratings.asp
- ^ http://www.ffiec.gov/nicpubweb/nicweb/AcquisitionForm.aspx?parID_RSSD=894553&parDT_END=99991231
- ^ https://www.inbweb.com/aboutinb/index.htm
- ^ http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=289065&parDT_END=99991231
- ^ http://www.banorte.com/portal/personas/informacion.web?grupo=14&elemento=69
- ^ http://www.banorte.com/portal/personas/informacion.web?grupo=14&elemento=69