
What Is a Minority Depository Institution?Īs of 2022, there are approximately 4,800 commercial banks and savings institutions insured by the FDIC in the United States. Banco Popular de Puerto Rico is the largest Hispanic American-owned bank in the U.S., with $64.20 billion in total assets.Of the 31 Hispanic American-owned banks, 16 have 51% or more of their voting stock owned by Hispanic American individuals, while 15 have a majority of Hispanic American directors on their boards and serve communities that are predominantly Hispanic American.Collectively, these institutions have approximately $143.31 billion in assets.


“We Do More” reflects their commitment and dedication to the growth and success of their customers and communities. They encourage their 3,700 employees and officers to serve on boards and to volunteer in civic groups and charitable organizations supporting the arts, education, neighborhood revitalization programs, economic development, medical research and many other causes. This philosophy of investing time and resources does not end in the development of products and services. Mission, Texas, this event was also very successful, successes attributable as a result of an aggressive and innovative attitude to “Do More” for their customers and communities. On FebruIBC Bank opened a new branch on 121 S. IBC Bank also donated $1,500.00 to St Pius X Catholic Church as part of their program to give back to the community. Lucio have been friends for many years.Įven though the day of Januwas a cold afternoon, that did not prevented for customers, IBC Bank executives and employees, City of Weslaco officials, and the public to attend to this special ceremony. attended and took part of the ceremony Mr. “The bank will celebrate this special day on the steps of the newly rebuilt office building,” he said.

IBC Bank proudly hosted a grand re-opening event for the Weslaco branch celebrating over twenty years of service in Weslaco.ĭavid Guerra President and CEO of IBC Bank said to be proud hosting a ribbon cutting ceremony to commemorate the grand re-opening of Weslaco’s main branch location at 606 S. IBC has improved their presence in Weslaco and continues to increase their footprint in the Rio Grande Valley by replacing the old IBC branch in Weslaco and opening a new one in Mission. As originally published by Texas Border Business newsprint Edition
