Item 8.01 Other Events

On April 14, 2009, International Bancshares Corporation ("IBC") issued a news release announcing the declaration of a seventeen cents per share cash dividend for all holders of Common Stock, $1.00 par value, of record on April 27, 2009 said cash dividend to be payable on May 11, 2009. On the same day, IBC also announced the establishment of a stock repurchase program that authorizes the repurchase of up to $40 million of common stock within the next twelve months. The news release, attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.

All of the information furnished in Item 8.01 of this report and the accompanying exhibits is also intended to be included under "Item 7.01 - Regulation Fair Disclosure" and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, is not subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended.

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