Inter National Bank is headquartered in Mcallen and is the 30th largest bank in the state of Texas. It is also the 433rd largest bank in the nation. It was established in 1985 and as of December of 2015, it had grown to 399 employees at 20 locations. Inter National Bank has a B+ health rating.
I've banked with Inter National now for about 3 years and have had no complaints. I vastly prefer credit unions for a number of different reasons (morally, as well as the money it can save your wallet) but among banks Inter National has been OK. There was one time where a small fee was assessed that I felt was unfair... I talked to a CSR and the fee was removed. They're not perfect (they don't even have an 800 number, just local numbers for their branches that can transfer to their main customer service line) but among banks you can do far worse. There's one person who I usually wind up dealing with, and it's nice that I'm recognized and the employee knows me. I still prefer credit unions, but this is the one bank that I bank with as well, and I'm happy here. Again, they're not perfect, but not bad at all. They also offer a lot of options for cross-border banking and ATM usage (between the US and Mexico) though I don't travel to Mexico so I don't have any need for that.
Inter National Bank is a division of Banorte, one of the large banks in Mexico. Be aware that is bank has questionable business practices in the development arena. They do not meet the standards demanded in the United States. Banorte is currently in control of the development of a project in Tijuana, financed by the retirement saving of numerous Americans. Not only has Banorte /Inter National Bank stopped working on this development, they have refused to inform the investors of their plans. They have not sent out any communication at all. This is not acceptable. Let the management of this bank know that you agree that this is not acceptable and ask them what they are going to do about this. If they do not act, then refuse to do business with them. Any developer or investor, BEWARE, just realize you are one economic downturn away from losing everything if you do business with this bank.
|FDIC Certificate #||25879|
|Return on Assets - YTD||0.85%|
|Return on Equity - YTD||3.54%|
|Annual Interest Income||$60.0MM|
|Assets and Liabilities|
|Assets||Q4 2015vs Q4 2014||$1.75B$1.89B|
|Loans||Q4 2015vs Q4 2014||$921.5MM$893.1MM|
|Deposits||Q4 2015vs Q4 2014||$1.29B$1.45B|
|Equity Capital||Q4 2015vs Q4 2014||$446.4MM$432.3MM|
|Loan Loss Allowance||Q4 2015vs Q4 2014||$18.3MM$17.2MM|
|Unbacked Noncurrent Loans||Q4 2015vs Q4 2014||$4.9MM$4.1MM|
|Real Estate Owned||Q4 2015vs Q4 2014||$3.9MM$7.6MM|
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