IBC Bank awards grants to local organizations for their support of the Laredo community
Texas Border Business
Laredo, Texas – The Matias De Llano Charitable Trust, administered by International Bank of Commerce (IBC Bank), donated a total of $600,000 to several Laredo organizations as part of its mission to do more for the communities it serves. During today’s formal presentation, IBC Bank Trust Committee representatives presented grants to the following organizations in Laredo:
- Mercy Ministries of Laredo
- South Texas Food Bank
- Congregation of St. John
- University of Incarnate Word Medicine & Education Campus at Laredo
Donations from the Matias De Llano Charitable Trust benefit each organization in their efforts to support the economically disadvantaged residents of Laredo. This year’s grant recipients provide programs that benefit the entire community of Laredo with much-needed help in medical services, and food and nutritional benefits for adults and children. This year’s gift will also support the expansion and updates to University of Incarnate Word’s School of Medicine.
Matias De Llano, Jr., who established the trust, was born in Laredo in 1918. One of eight children, he attended Laredo schools and the New Mexico Military Academy and was a veteran of World War II.
His father, Matias De Llano, Sr., was the founder of the Texas Hat Company, formerly one of the largest manufacturers of straw hats in the country, where De Llano, Jr. was employed for many years. De Llano, Jr. had a zest for life and for helping the disadvantaged. He contributed to many causes, including the Boys and Girls Clubs, the Sacred Heart Children’s Home, and other charitable organizations. Laredo’s Matias De Llano Elementary School was built and named in his honor.
De Llano, Jr. enjoyed many close friendships, including the friendship of his beloved nieces and nephews. He often said his favorite sport was being with his friends and enjoying life.
The Matias De Llano Charitable Trust was established April 1, 2003, under the Last Will and Testament of Matias De Llano, Jr. where he appointed IBC Bank as sole trustee. Since 2004, the Trust has donated more than $6.8 million to local organizations and schools.
De Llano, Jr. directed that the Trust continue his legacy by helping the community that he lived in and loved. He was especially focused on assisting children and the less fortunate.
The intention of the Trust is to maintain the corpus while distributing the annual income to charitable organizations in Laredo for many years to come.
IBC Bank–Laredo is a member of International Bancshares Corporation (NASDAQ: IBOC), a $12.0 billion multi-bank financial holding company headquartered in Laredo, Texas, with 188 facilities and more than 291 ATMs serving 90 communities in Texas and Oklahoma. In 2016, IBC celebrated its 50th anniversary since opening its doors for business in 1966. IBC Bank’s slogan “We Do More” reflects the bank’s dedication to the growth and success of both the customers and the communities it serves. International Bancshares was ranked 19th on Forbes’ prestigious list of 100 Best Banks in America in 2018. IBC Bank-Laredo serves the community with a retail branch network of 21 locations. IBC Bank–Laredo was selected as “Best Bank” in 2018 by Laredo Morning Times readers. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION. Follow our Facebook page @IBCBankWeDoMore. More information is available at ibc.com
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