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This excerpt taken from the IBOC DEF 14A filed Apr 17, 2009. Director Independence The Company's Board of Directors has determined that a majority of its members are "independent" as defined in Rule 4200(a)(15) of the NASDAQ Marketplace Rules. As of April 1, 2009, the following members of the Board of Directors are not independent: Imelda Navarro, Dennis E. Nixon, R. David Guerra, and Antonio R. Sanchez, Jr. This excerpt taken from the IBOC DEF 14A filed Apr 18, 2008. Director Independence The Company's Board of Directors has determined that a majority of its members are "independent" as defined in Rule 4200 (a) (15) of the NASD listing standards. As of April 1, 2008, the following members of the Board of Directors are not independent: Imelda Navarro, Dennis E. Nixon, R. David Guerra, and Antonio R. Sanchez, Jr. This excerpt taken from the IBOC DEF 14A filed Apr 20, 2007. Director Independence The Companys Board of Directors has determined that a majority of its members are independent as defined in Rule 4200(a)(15) of the NASD listing standards. As of April 2, 2007, the following members of the Board of Directors are not independent: Imelda Navarro, Dennis E. Nixon, R. David Guerra, and Antonio R. Sanchez, Jr. | EXCERPTS ON THIS PAGE:
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