By: Special to the Laredo Sun
The FDIC recognition acknowledged Urrabazo’s three and a half years of service as a member of the Community Banking Advisory Committee.
The FDIC Board originally established the committee in May 2009 to provide advice and recommendations on a broad range of policy issues impacting community banks throughout the nation and the local communities they serve.
Urrabazo was one of 14 community bankers from across the country selected to serve on this committee.
“Ignacio Urrabazo’s role on the FDIC’s Community Banking Advisory Committee is significant because he was tasked with advising the FDIC about the impact of the country’s financial crisis on community banks,” International Bancshares Corporation Chairman Dennis Nixon said.
“He also addressed regulatory reform proposals under consideration by Congress and their effect on community banks, as well as the impact of FDIC supervisory proposals on these banks.”
Urrabazo joined Commerce Bank, a subsidiary of International Bancshares Corporation in Laredo, in 1983.
He has used his regional banking success to become one of the leading authorities in the U.S. on minority and small business banking. Urrabazo also serves as chair-elect of the Texas Bankers Association and has been chairman of the National Bankers Association and Minbanc Foundation, which represent and support minority banks.
He has twice been asked to testify before congressional committees and invited to join a national panel discussion on job creation by U.S. House Speaker John Boehner in 2011.
Edited by: C.R.