================================================================================


                                  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): August 9, 2006

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

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


     One Rockefeller Plaza, Suite 400 New York, New York        10020-2002
     ---------------------------------------------------        ----------
            (Address of Principal Executive Offices)            (Zip Code)


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


Check  the  appropriate  box  below  if  the  Form  8-K  filing  is  intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following  provisions  (see  General  Instruction  A.2.  below):

     [ ]  Written  communications  pursuant to Rule 425 under the Securities Act
          (17  CFR  230.425)

     [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR  240.14a-12)

     [ ]  Pre-commencement  communications  pursuant  to Rule 14d-2(b) under the
          Exchange  Act  (17  CFR  240.14d-  2(b))

     [ ]  Pre-commencement  communications  pursuant  to Rule 13e-4(c) under the
          Exchange  Act  (17  CFR  240.13e-4(c))

================================================================================



SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT

ITEM  5.02  DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT  OF  PRINCIPAL  OFFICERS

On  August 9, 2006, the registrant announced the death of its Chairman and Chief
Executive  Officer,  Jerome  Dansker, age 87, who passed away last night after a
brief  illness.  A  copy of the press release is attached hereto as Exhibit 99.1
and  incorporated  herein  by  reference.

ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS

(d)  Exhibits

The following exhibit is filed with this report on Form 8-K:

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

         99.1         Press Release dated August 9, 2006


                                   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:   August 9, 2006               By:  /s/ Lowell S. Dansker
                                          ------------------------------
                                          LOWELL S. DANSKER,
                                          VICE CHAIRMAN, PRESIDENT AND TREASURER
                                          (Principal Executive and Financial
                                          Officer)