Item 7.01 Regulation FD Disclosure.

On December 12, 2008, Intervest Bancshares Corporation (the "Company") issued a press release announcing that it has received preliminary approval for a $25 million investment from the U.S. Treasury Department under the TARP Capital Purchase Program. The TARP Capital Purchase Program is a voluntary program designed to provide capital for healthy banks and improve the flow of funds from banks to their customers. The terms of participation are standardized across the industry. Under the program, the Company will issue perpetual preferred stock to the U.S. Treasury Department that qualifies as Tier 1 Capital. The stock will carry a 5% dividend payable for each of the first five years of the investment, and 9% thereafter, unless the Company redeems the preferred shares earlier. In addition, as part of the requirements of the program, the Company will issue to the U.S. Treasury Department a warrant to purchase up to $3.75 million of the Company's Class A Common Stock at any anytime for a period of up to ten years at an exercise price per share to be determined when the transaction closes. The exercise price will be based on a 20 day trailing average of the Company's Class A Common Stock.

The text of the press release is attached hereto as Exhibit 99.1. This Form 8-K and the attached exhibit are provided and are furnished to, but not filed with, the Securities and Exchange Commission.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description
99.1 Press Release dated December 12, 2008

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