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					14 | LMT BUSINESS JOURNAL                                                                                                                                                        MONDAY, MARCH 24, 2008        MONDAY, MARCH 24, 2008                                                           LMT BUSINESS JOURNAL | 3


                                                                                        MARKET WATCH
                                                                                                                                                                                                                IBC appoints
                                                                                                                                                                                                               Memo Treviño
                                                                                                                                                                                                               to bank’s board
                                                                                                                                                                                                                         SPECIAL TO THE TIMES                                  “I am proud
                                                                                                                                                                                                                                                                           to say that I
                                                                                                                                                                                                                   Guillermo “Memo” Treviño,                               have lived in
                                                                                                                                                                                                               president of Southern Distributing,                         Laredo for most
                                                                                                                                                                                                               was recently appointed to the                               of my life and it
                                                                                                                                                                                                               Board of Directors of International                         is amazing to
                                                                                                                                                                                                               Bank of Commerce headquartered                              see the growth
                                                                                                                                                                                                               in Laredo.                                                  our city has
                                                                                                                                                                                                                   The board consists of leaders                           experienced in
                                                                                                                                                                                                               from all parts of IBC’s market and           TREVIÑO        such a short
                                                                                                                                                                                                               provides the vision and leadership      period of time,” Treviño said. “I
                                                                                                                                                                                                               to develop, encourage, promote          look forward to working closely
                                                                                                                                                                                                               and protect the business, tourism,      with other board members as we
                                                                                                                                                                                                               industry and educational interests      continue to make positive changes
                                                                                                                                                                                                               of the bank and the communities it      in our community.
                                                                                                                                                                                                               serves.                                    “It is an honor and privilege
                                                                                                                                                                                                                   “I have had the distinct pleasure   to be part of a group that has the
                                                                                                                                                                                                               of working with Memo and I can          ability to make a huge impact on
                                                                                                                                                                                                               truly say that his recent board         the future of the citizens of
                                                                                                                                                                                                               appointment will add great              Laredo.”
                                                                                                                                                                                                               strength to our existing board of          Treviño is a graduate of Rice
                                                                                                                                                                                                               directors. Memo has been a civic        University and has been a leader in
                                                                                                                                                                                                               and business leader for many            numerous community organiza-
                                                                                                                                                                                                               years, proving his worth every step     tions and on professional boards
                                                                                                                                                                                                               of the way,” said IBC Chairman          over the years, including: director of
                                                                                                                                                                                                               and CEO Dennis E. Nixon.                the San Antonio branch of the
                                                                                                                                                                                                                   “His insight and passion for        Dallas Federal Reserve Bank, past
                                                                                                                                                                                                               ensuring the growth and success of      president of the Laredo Chamber of
                                                                                           BRIEF CASE                                                                                                          the Laredo area is second to none
                                                                                                                                                                                                               and I look forward to seeing the
                                                                                                                                                                                                                                                       Commerce, board member of the
                                                                                                                                                                                                                                                       Laredo Boys and Girls Club, mem-
                                                                                                                                                                                                               changes and improvements he will        ber of the TAMIU College of
       Feds open criminal               pay an initial down payment of $1.3
                                        billion to the Federal Communications
                                                                                   advance of Friday’s talks that oil
                                                                                   was just one item on a long list of
                                                                                                                           benchmark indicator slipped.
                                                                                                                              Trading was subdued because
                                                                                                                                                                    Bain’s reasons for pulling out of the
                                                                                                                                                                    deal. It has also said it will pursue
                                                                                                                                                                                                               bring to our board and the commu-
                                                                                                                                                                                                               nities we serve.”
                                                                                                                                                                                                                                                       Business Advisory Council, past
                                                                                                                                                                                                                                                       president      of     the     Laredo
        probe into Alcoa                Commission for its portion of wireless     discussion topics which include         many financial markets including         the $66 million breakup fee.                   Following in his father’s foot-     Development Foundation, director
                                        spectrum licenses it won in a govern-      Iran, Syria, Lebanon, protecting        that in the United States were                                                      steps, Treviño, along with his          and vice president of the George
   PITTSBURGH — The U.S. Justice
Department has begun a criminal
                                        ment airwaves auction.
                                            AT&T says it will pay the down
                                                                                   infrastructure against terror attacks
                                                                                   and the vice president’s visits this
                                                                                                                           closed ahead of the Easter holiday
                                                                                                                           on Sunday.
                                                                                                                                                                            EDF eyes Spanish                   brothers and sisters, has taken
                                                                                                                                                                                                               over the family businesses. He
                                                                                                                                                                                                                                                       Washington’s Birthday Celebration
                                                                                                                                                                                                                                                       Association, member of the Doctors
investigation into whether alu-         payment, of which $500 million was         week to Iraq and Afghanistan.                                                             energy market                     has served as president of              Hospital Board of Directors, mem-
minum maker Alcoa Inc. participat-
ed in bribery in the Persian Gulf
                                        paid prior to the start of the auction,
                                        within the next 10 business days,
                                                                                   Cheney was to review with Saudi
                                                                                   King Abdullah steps that consum-
                                                                                                                                 3Com shareholders                      PARIS — The French utility
                                                                                                                                                                                                               Southern Distributing in Laredo
                                                                                                                                                                                                               for more than 10 years. Through
                                                                                                                                                                                                                                                       ber of the Rice University Goliard
                                                                                                                                                                                                                                                       Scholarship Board of Governors
state of Bahrain.                       according to a regulatory filing Friday.   ing and producing nations can do,            OK defunct $2.2B deal               Electricite de France SA has had           his hard work and dedication,           and a Texas Scholars presenter, to
   In documents filed Thursday in       The remaining balance of $5.3 billion      both in the short and long term, to                                              exploratory talks with the Spanish         Laredo’s economy continues to           name a few.
U.S. District Court, federal prosecu-   will be paid on or before April 17.        stabilize the market.                       WASHINGTON — In approving a          construction company ACS and is            flourish through sales and distri-         Additionally, Treviño is a strong
tors asked a judge to halt a federal        The San Antonio, Texas-based                                                   defunct $2.2 billion buyout by Bain      interested in the Spanish energy           bution.                                 advocate for Texas business and
civil    lawsuit      that   accused
Pittsburgh-based Alcoa of bribing
                                        company says it will use funds from
                                        operations and either short-term or
                                                                                          Japanese, Korean                 Capital Partners LLC and its
                                                                                                                           Chinese partner, 3Com sharehold-
                                                                                                                                                                    market, a spokeswoman for EDF
                                                                                                                                                                    said Friday.
                                                                                                                                                                                                                   Treviño has also been involved
                                                                                                                                                                                                               with a variety of start up compa-
                                                                                                                                                                                                                                                       the continued economic develop-
                                                                                                                                                                                                                                                       ment of the state and for corporate
officials through overseas shell        long-term debt to fund the purchase                 markets rise                   ers cleared the way for a legal battle       But spokeswoman Carol Ritrivi          nies including ICSI, Laredo’s first     social responsibility, service and
companies to secure hundreds of         price.                                                                             over a $66 million breakup fee.          declined to comment on a report            internet      service      provider.    charitable outreach. Treviño has
millions of dollars in overpayments.                                                   BANGKOK, Thailand — Asian               In a Friday filing with the U.S.     Friday in The Wall Street Journal that     Additionally, he spent time in          received outstanding recognition
   Aluminum Bahrain B.S.C., also
known as Alba, in which the Bahrain
                                                VP, Saudis to talk                 stock prices mostly rose in light
                                                                                   trading Friday after a turbulent
                                                                                                                           Securities        and      Exchange
                                                                                                                           Commission, 3Com said nearly 70
                                                                                                                                                                    EDF and ACS are in advanced talks
                                                                                                                                                                    about teaming up to buy two Spanish
                                                                                                                                                                                                               Washington, D.C., gaining experi-
                                                                                                                                                                                                               ence with the U.S. Department of
                                                                                                                                                                                                                                                       for his work in the community and
                                                                                                                                                                                                                                                       he exemplifies the positive force
government holds a 77 percent stake,            about oil security                 week. Trading was light, however,       percent of its shareholders were in      utilities for more than $100 billion.      Commerce and the U.S. House of          needed to improve the business
is seeking more than $1 billion in                                                 as most markets worldwide were          favor of the acquisition by the              The newspaper, citing unidenti-        Representatives. Treviño’s diver-       landscape in Laredo.
damages from Alcoa and other affili-        RIYADH, Saudi Arabia — High            closed for Good Friday.                 Boston-based private-equity firm         fied people close to the discussions,      sified and well-rounded back-              International        Bancshares
ated defendants, according to a fed-    oil prices paining U.S. consumers is           Japan’s key stock market index      and Huawei Technologies Co.              said EDF and ACS — whose full              ground has allowed him to make a        Corporation (NASDAQ: IBOC) is
eral lawsuit filed last month.          a key topic of Vice President Dick         rose 1.8 percent, while South               On Thursday, Bain said it was        name         is    Actividades        de   significant impact in various           an $11.2 billion multi-bank
                                        Cheney’s talks Friday with Saudi           Korean shares extended their win-       ending its efforts to complete the       Construccion y Servicios SA — have         facets of the Laredo business           financial holding company
       AT&T to pay FCC                  King Abdullah, yet it’s unclear
                                        whether Cheney will ask the Saudis
                                                                                   ning streak into a fourth session as
                                                                                   its key market indicator gained 1.4
                                                                                                                           acquisition, citing impeding nation-
                                                                                                                           al security concerns by the U.S. gov-
                                                                                                                                                                    discussed forming a bidding team
                                                                                                                                                                    that would make simultaneous
                                                                                                                                                                                                               landscape including franchise
                                                                                                                                                                                                               operations and management,
                                                                                                                                                                                                                                                       headquartered in Laredo, Texas,
                                                                                                                                                                                                                                                       with more than 255 facilities and
     $1.3B down payment                 to increase production to bring            percent. Prices edged up in             ernment.                                 offers for two Spanish utilities,          retail operations, economic devel-      more than 400 ATMs serving
                                        down prices at the pump.                   Thailand and Malaysia, while                3Com, which is based in              Iberdrola DS and Union Fenosa SA.          opment, logistics, and communi-         100 communities in Texas and
   NEW YORK — AT&T says it will             Cheney’s advisers cautioned in         stocks were mixed in China as a         Marlborough, Mass., is disputing                   —Compiled from AP reports        cations.                                Oklahoma.