IBC Bank Chairman and CEO Dennis E. Nixon Appointed to Governor Abbott’s Economic ‘Strike Force’
April 20 2020 - 8:49AM
Business Wire
Friday, Governor Greg Abbott announced the formation of a
‘statewide strike force’ that will be tasked with overseeing the
re-opening of the Texas economy. IBC Bank Chairman and CEO Dennis
E. Nixon was appointed to the strike force, along with Michael
Dell, Kendra Scott, former Dallas Federal Reserve Bank President
Richard Fisher, and other civic and business leaders. The goal of
the strike force will be to advise Governor Abbott regarding a
phased re-opening of Texas businesses and a strategy to reignite
the state economy and facilitate economic recovery.
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IBC Bank Chairman and CEO Dennis E. Nixon
(Photo: Business Wire)
“I am grateful to Governor Abbott for appointing me to this
important effort,” said Nixon. “As a community bank, IBC Bank is
committed to creating economic opportunity across Texas. In order
to be effective for our customers, we must be engaged in the issues
that affect them.”
Prior to the pandemic, unemployment rates were at all-time lows
and workers were scarce. Now, the private and public sectors must
all work together to get Texans back to work. “Getting the economy
moving again will be more like merging onto a busy highway than
turning on a light switch,” explained Nixon. “Businesses will need
time to open for business and the hiring process is sure to be
affected. Because supply chains have been disrupted, processes and
procedures have changed, and our daily routines have changed, we
need to prepare a plan now to ensure our ramp-up is smooth and
successful. I appreciate the governor’s leadership and vision on
this issue. He has taken the first major step toward economic
recovery with his announcement.”
Internationally, Nixon is recognized for playing an instrumental
role in the passage of the North American Free Trade Agreement and
the USMCA. He has also helped create and lead advocacy
organizations like the Association of South Texas Communities,
Texas Border Coalition, Border Trade Alliance and the Alliance for
Security and Trade. Nixon is also co-chair, with his Mexican
counterpart Moisés R. Kalach Balas, of the Trade Policy Working
group of the U.S.-Mexico CEO Dialogue. The group strengthens
economic and commercial ties between the two countries by convening
private sector leaders from the United States and Mexico. It also
provides joint recommendations for their respective governments on
priorities in the bilateral trade and investment relationship.
“The reality is, we have a major task ahead of us. As we ramp
back up, our social norms will be different and social distancing
will continue for a period of time. Our ability to gather at social
and sporting events, galas, graduations and more, which are at the
core of our way of life, are not likely to return for a while. That
is one of the biggest challenges that we will continue to fight,
but we must all work together to get Texans back to work and our
economy moving,” he said.
About IBC Bank
IBC Bank and Commerce Bank are divisions of International
Bancshares Corporation (NASDAQ: IBOC), a $12.1 billion multi-bank
financial holding company headquartered in Laredo, Texas, with 188
facilities and 284 ATMs serving 88 communities in Texas and
Oklahoma. IBC Bank’s slogan “We Do More” reflects the bank’s
dedication to the growth and success of the customers and the
communities it has been serving since 1966. MEMBER FDIC /
INTERNATIONAL BANCSHARES CORPORATION. Follow our Facebook and
Instagram page, @IBCBankWeDoMore. More information is available at
ibc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200420005525/en/
Gabriel Castillo IBC Bank 956-726-6636
gabrielcastillo@ibc.com
Marcie Hernandez KGBTexas Communications 210-630-5930
marcieh@kgbtexas.com
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