Inter National Bank
| Company type | Private |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1991 |
| Fate | Merged with Vantage Bank Texas |
| Headquarters | McAllen , United States |
Area served | Texas (Rio Grande Valley, El Paso, Laredo) |
Key people | James W. Collins (Chairman of the Board) |
| Parent | INB Financial Corp (until 2017), then Collins Family Trust |
Inter National Bank was a financial institution based in McAllen, Texas, managing 21 branches throughout Texas. It offered a comprehensive suite of banking services tailored to both commercial clients and individual customers within the Rio Grande Valley, El Paso, and Laredo regions. By 2013, it was recognized as one of the 30 largest Texas-headquartered banks in terms of assets.
The bank merged with Vantage Bank Texas on November 27, 2018, and the unified organization continued operations under the Vantage Bank Texas brand.
Before this merger, Inter National Bank consistently earned a Five Star Safe & Sound rating from Bankrate, its highest accolade, from September 2013 until December 2015. Additionally, BauerFinancial awarded it a Five-Star Superior rating for financial stability and included it in their Recommended Bank Report.
History
In 1991, following the failure of Hidalgo Federal Savings & Loan Association in Edinburg, Texas, Inter National Bank acquired a portion of its assets.
The American Bankers Association honored Inter National Bank in 2002 as the leading non-Subchapter S bank nationwide within the asset range of $100 million to $1 billion.
In 2005, Inter National Bank expanded by acquiring City National Bank, which was based in Weslaco.
In 2006, Mexico's Banorte acquired a 70% stake in INB Financial Corp, the parent company of Inter National Bank, for $259 million. Banorte completed its ownership by purchasing the remaining 30% for $146.6 million in 2009.
On November 3, 2016, the Collins Family Trust announced its intent to acquire Inter National Bank from Banorte. James W. Collins, trustee and original founder as well as former majority shareholder, led this acquisition effort.
The transaction was finalized on March 31, 2017, with James W. Collins appointed Chairman of the Board.
Following the merger on November 27, 2018, Inter National Bank became part of Vantage Bank Texas, forming a community bank with assets totaling $1.9 billion. Established in 1923, Vantage Bank Texas is a family-owned community financial institution headquartered in San Antonio, Texas.