LAREDO, Texas--(BUSINESS WIRE)--Commerce Bank President and CEO Ignacio Urrabazo was inducted today as chairman of the Texas Bankers Association (TBA), the largest state banking association in the U.S. As chairman of the TBA, Urrabazo will head one of the oldest and most powerful banking organizations in the country. Founded in 1885, the organization’s membership includes representatives from 85 percent of Texas banks, 5,200 bank branches and 95 percent of Texas deposits. Among its many functions, the TBA serves its members at the state and federal levels by monitoring legislative and regulatory issues affecting banking. Urrabazo’s induction as chairman took place at the TBA’s 129th annual convention in San Antonio.
“We must focus on creating capital, creating jobs, being pro business, and on the fact banks are the economic generators that build great cities,” Urrabazo said.
Urrabazo’s banking record has elevated him to a position of influence in the U.S. banking industry. He is former chairman of the board of the National Bankers Association in Washington, D.C. and the Minbanc Foundation, which represents and supports minority banks. He recently completed three and a half years of service as one of only 14 community bankers from across the country selected to serve on the FDIC’s Community Banking Advisory Committee. Among his numerous recognitions are the 2012 Distinguished Alumni Award from his alma mater, the University of Texas at El Paso, and the Distinguished Service Award from the U.S. Department of Energy. He has been called upon to testify before congressional committees and in 2011, was invited to join a national panel discussion on job creation by U.S. House Speaker John Boehner.
Urrabazo has played a significant role in TBA for more than a decade beginning with a position on the board of directors followed by positions on the Government Relations, Nominating and Convention committees. Most recently, he served as treasurer and chairman-elect of the organization, as well as a member of the Executive Committee.
“We are very proud of Ignacio’s new role as chairman of one of the most important banking associations in the nation,” International Bancshares Corporation Chairman Dennis Nixon said. “Ignacio has had a consistent history of trade association involvement and political activism which will add great value to his new role as chairman of TBA.”
Urrabazo joined Commerce Bank, a subsidiary of International Bancshares Corporation in Laredo, in 1983. IBC is the largest minority-owned financial institution in the nation.
IBC Bank and Commerce Bank are members of International Bancshares Corporation (NASDAQ: IBOC), an $11.9 billion multi-bank financial holding company headquartered in Laredo, Texas, with 215 facilities and 339 ATMs serving 88 communities in Texas and Oklahoma. More information is available at www.ibc.com. Visit us on our YouTube Channel, IBCBankWeDoMore. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION.