Category Archives: Finance/Banking

IBC Bank Awards Local Scholarships

IBC Brownsville scholarships 2019

Students from 12 area high schools are the recipients of a total of $12,000 in scholarships from IBC Bank-Brownsville. The A.R. Sanchez Sr. Memorial and Fred W. Rusteberg scholarships are need-based scholarships for those high school seniors possessing a commitment to IBC’s “Do More” philosophy. “At IBC Bank, we understand that the future of our community depends on the success of our students,” says IBC Bank-Brownsville President and CEO Al Villarreal.…

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IBC Bank Teaches Children Financial Literacy

IBC Bank-McAllen employees are spending this spring using their professional expertise to teach local students the fundamentals of financial literacy. McAllen is joining IBCs across Texas and Oklahoma partaking in Financial Literacy Month and the American Bankers Association’s Teach the Children to Save initiative. IBC Bank-McAllen is providing 17 presentations to a total of 300 students. The presentations include real-life exercises like paying a mortgage, buying groceries and budgeting for emergencies. Bank…

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VITA Assists With Free Tax Returns

The VITA program will be at STC until March 8 to assist with tax returns.

The Volunteer Income Tax Assistance program is currently offering free income tax service at South Texas College. VITA works in cooperation with United Way of South Texas and the Internal Revenue Service. The program offers free tax assistance to people who make approximately $55,000 or less. The VITA office is open from 11 a.m. – 5 p.m. until March 8 at the Pecan campus portable building #27B on the west side of…

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Rio Bank Tops Off New Headquarters

Hundreds gathered for the Rio Bank “Topping Out” lunch on Jan. 17 to celebrate the final beam addition to the new corporate headquarters in McAllen. Signing the beam were contractor workers and Rio Bank directors and employees, as well as other business leaders. The beam then made its way to its destination atop the sixth floor of the building on the north side of the Interstate near McColl. With roughly…

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UTRGV Offers Accelerated Online Masters

utrgv-college-of-business-and-entrepreneurship

A new online Master of Accountancy program is now an offering in UTRGV’s Accelerated Online Graduate Programs in the Robert C. Vackar College of Business & Entrepreneurship. The MACC program is for accounting professionals seeking skills and knowledge to advance into a leadership role. It also enables students to satisfy the 150-hour requirement of the Texas State Board of Public Accountancy to sit for the Certified Public Accountant examination. “The online accelerated MACC program…

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IBC Executive Meets with Mexican Leaders

IBC Bank Executive Vice President Gerry Schwebel and Chief of Staff designee and Liaison to the Mexican private sector Alfonso Romo

IBC Bank Executive Vice President Gerald “Gerry” Schwebel recently participated in a mission to Mexico City to meet with leaders of the incoming government of President-elect Andrés Manuel López Obrador. Organizer of the mission was the U.S.-Mexico CEO Dialogue, an initiative of the U.S. Chamber of Commerce. The group, made up of both U.S. and Mexican leaders, addresses core issues in the countries’ bilateral relationship. Schwebel and other representatives met with…

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Entrepreneurial Enthusiasm

WycoTax owner Christopher Wycoco, second from right, with his team at the company’s Harlingen office. (VBR)

Christopher Wycoco was the first man to graduate from the Entrepreneur Boot Camp at the Women’s Business Center of Cameron County. This year, the Women’s Business Center nominated him for, and he received, the 2018 Minority Business of the Year Award from the Small Business Administration. A native of the Philippines, Wycoco came to the Rio Grande Valley to pursue a career as a registered nurse, taking a position at…

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UTRGV Students Take Trading Competition

Christopher Martinez, Michael Villarreal and Jose Naveja with faculty advisor Bruno Arthur (UTRGV Photo)

A group of undergraduate business students from The University of Texas Rio Grande Valley recently beat out more than 500 teams from 37 countries to capture their first ever championship win in the 15th annual CME Group Trading Challenge. Christopher Martinez of McAllen, Michael Villarreal of Rio Grande City and Jose Naveja of Progreso finished the competition with a total of $706,585. They beat out second-place competitor Kansas State University, who…

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Getting Ready to Pay the Taxman

CPA Javier Alacron discusses tax reform with small business owners.

Some elements of the new tax reform package that was signed into law late last year and took effect in 2018 are straightforward and simple to understand. Others are detailed and complex. And some areas are cloudy since the regulations haven’t been written yet. The simplest part of the package to understand is the lowering of tax rates in the seven tax brackets for individuals. “Whatever bracket you are in,…

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Lone Star Breaks Ground on New Banking Center

Lone Star National Bank officials and community leaders turn shovels of dirt at the groundbreaking ceremony for the bank’s second Edinburg location. (VBR)

In front of the building already under construction, Lone Star National Bank hosted a groundbreaking ceremony Feb. 7 to celebrate its second Edinburg location. The new branch will be the 34th in a network of banks throughout both the Rio Grande Valley and San Antonio. “Our goal is to continue to grow in the Valley, Lone Star National Bank President and CEO David Deanda said. “We are always there to…

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