Exhibit 31.0
CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Jerome Dansker, as the principal executive officer of Intervest
Bancshares Corporation and Subsidiaries (the "Company"), certify, that:
1. I have reviewed this report on Form 10-K for the year ending December 31,
2004 of the Company;
2. Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the Company as of,
and for, the periods presented in this report;
4. The Company's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15e and 15d-15e) for the Company and have:
(a) Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under my
supervision, to ensure that material information relating to the
Company, including its consolidated subsidiaries, is made known
to me by others within those entities, particularly during the
period in which this report is being prepared;
(b) [Paragraph omitted pursuant to SEC Release Nos. 33-8238;
34-47986];
(c) Evaluated the effectiveness of the Company's disclosure
controls and procedures and presented in this report my
conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this
report based on such evaluation; and
(d) Disclosed in this report any change in the Company's
internal control over financial reporting that occurred during
the Company's most recent quarter that has materially affected,
or is reasonably likely to materially affect, the Company's
internal control over financial reporting; and
5. The Company's other certifying officers and I have disclosed, based on
our most recent evaluation of internal control over financial reporting, to the
Company's auditors and the Audit Committee of the Company's Board of Directors:
(a) All significant deficiencies and material weaknesses in the
design or operation of the internal control over financial
reporting which are reasonably likely to adversely affect the
Company's ability to record, process, summarize and report
financial information; and
(b) Any fraud, whether or not material, that involves management
or other employees who have a significant role in the Company's
internal control over financial reporting.
/s/ Jerome Dansker
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Jerome Dansker, Chairman and Chief Executive Officer
(Principal Executive Officer)
March 11, 2005