SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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                       PURSUANT TO SECTION 13 OR 15 (D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

     Date of Report (Date of earliest event reported): November 21, 1996

                      INTERNATIONAL BANCSHARES CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

                          Commission File Number 0-9439

          TEXAS                                                 74-2157138
(State or other Jurisdiction                                  (I.R.S. Employer
of incorporation or organization)                            Identification No.)

1200 SAN BERNARDO, LAREDO, TEXAS                                78040-1359
(Address of principal executive offices)                        (ZIP Code)

     (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (210) 722-7611

                                      NONE
          (Former name or former address, if changed since last report)

ITEM 5.     OTHER EVENTS

      On November 21, 1996, International Bancshares Corporation ("IBC") issued
a news release announcing the expected consummation of the acquisition by
International Bank of Commerce, Laredo, Texas, IBC's lead bank subsidiary, of
three branches of Home Savings of America, F.S.B. located in San Antonio, Texas.
The news release, attached hereto and filed herewith as Exhibit 99, is
incorporated herein by reference.

ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS

      c.    Exhibits

            The following exhibit is filed as part of this report:

            (99) News release of International Bancshares Corporation dated
            November 21, 1996.

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                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                        INTERNATIONAL BANCSHARES CORPORATION
                          (Registrant)

                        By: /s/ DENNIS E. NIXON
                                DENNIS E. NIXON, President,
                                and Chief Executive Officer

Date:  December 27, 1996

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                                  EXHIBIT INDEX

         Exhibit                                         Page
         Number                  Description             Number
                       
          99           News Release of International       5
                       Bancshares Corporation dated
                       November 21, 1996