IBC Bank and Commerce Bank Teach the Importance of Saving to Children

IBC Bank and Commerce Bank are utilizing their decades of financial expertise to educate area youth on the importance of financial responsibility via the company’s annual “Money Buzz” program, which offers kid-friendly financial lessons to children from Kindergarten through fifth grade. As part of this corporate-wide effort, IBC Bank hosted the Money Buzz program this year at 49 schools across Texas and Oklahoma reaching more than 5,300 students -- a significant increase from the nearly 2,000 students impacted in 2010.

The Money Buzz program, which was developed by IBC under the direction of certified grade school teachers, provides students fundamental lessons in financial literacy. IBC hopes that through Money Buzz, children will be inspired to begin saving at a young age, continue this practice into adulthood and break dependencies on credit cards. In recognition of IBC’s efforts, the Texas Bankers Association awarded the Money Buzz program with the 2010 Leaders in Financial Education Award. This award acknowledges Texas banks that are leaders in promoting financial education in their communities.

“Since 2007, the Money Buzz program has provided the financial curriculum to start children on the right track to save and manage their money wisely,” said IBC Bank Chairman and CEO Dennis Nixon. “At IBC Bank, we believe it is our responsibility to leverage our core area of expertise to positively impact the communities we serve for many years to come.”

Money Buzz was hosted in IBC markets throughout Texas and Oklahoma in April in conjunction with National Financial Literacy month and the American Bankers Association’s “Teach Children to Save Day” on April 12. IBC Bank employees will continue to teach lessons through the end of the 2011 spring semester, working closely with students to teach the value of currency and the importance of saving through hands-on activities like counting money, managing a budget and balancing a checkbook for the higher grade levels. Students received a “Free Bee Hive,” named for IBC’s mascot, which serves as a piggy bank and provides a special keepsake that is intended to encourage them to save.

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 278 facilities and more than 440 ATMs serving 107 communities in Texas and Oklahoma. More information is available at www.ibc.com. Visit us on our YouTube channel, IBCBankWeDoMore.

International Bancshares (NASDAQ:IBOC)
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