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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT

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

        Date of Report (Date of Earliest Event Reported): March 17, 2004

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

         Delaware                    000-23377                  13-3699013
- ----------------------------   ----------------------     ----------------------
(State or other jurisdiction  (Commission File Number)        (IRS Employer
     of incorporation)                                    Identification Number)


       10 Rockefeller Plaza, Suite 1015, New York, New York     10020-1903
       ----------------------------------------------------     ----------
       (Address of Principal Executive Offices)                 ((Zip Code)


       Registrant's Telephone Number Including Area Code:  (212) 218-2800
                                                           --------------


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ITEM  9.  REGULATION  FD  DISCLOSURE

On  March 17, 2004, the registrant issued a press release indicating that it has
completed  the sale of $15 million of trust preferred securities and the text of
that  announcement  is  attached  hereto  as  Exhibit  99.1.



                                   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  thereunto  duly  authorized.



                                  INTERVEST BANCSHARES CORPORATION



Date:  March 17, 2004             By:  /s/  Lowell S. Dansker
                                      ----------------------------------
                                      LOWELL  S.  DANSKER,
                                      VICE CHAIRMAN, PRESIDENT AND TREASURER
                                      (PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL
                                      FINANCIAL OFFICER)



                                INDEX TO EXHIBITS


Exhibit No.      Description
- -----------      -----------

99.1             Press Release dated March 17, 2004