International Bancshares Corp. has completed its entry into the insurance industry with the creation of a wholly owned insurance subsidiary under its lead bank, International Bank of Commerce-Laredo. As part of the formation of the new entity, which is called IBC Insurance Agency Inc., IBC is acquiring the Randol Alexander Insurance Agency of San Antonio. IBC Insurance Agency Inc. replaces Banker’s Insurance Agency at IBC Inc., a Texas insurance agency that had been making insurance services and products available through IBC facilities since the beginning of the year.
Was this article valuable?
Here are more articles you may enjoy.
Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones With New Maps 
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years 
Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P 
Supreme Court Overturns Chevron Rule in Blow to Regulators From This Issue
