IBC awards scholarships to area graduates

IBC Bank-Brownsville is promoting higher education by awarding a combined $10,000 in scholarships to 10 high school graduates as they embark upon college and a new chapter in their lives.

“The A.R. Sanchez, Sr. and Fred W. Rusteberg Scholarships exemplify IBC Bank’s ‘We Do More’ philosophy and reinforce the bank’s ongoing support and promotion of higher education in our community” IBC Bank-Brownsville CEO and Board Chairman Al Villarreal said. “These deserving high school seniors are the future business leaders of our community and we are honored to assist them as they pursue their goals in higher education.”

This year, IBC Bank-Brownsville presented 10 A.R. Sanchez, Sr. and Fred W. Rusteberg Scholarships, each valued at $1,000, across 10 area high schools. Scholarship recipients include:

>> Eloisa Lee Garcia, Brownsville Early College High School

>> Angela Valeria Estrada, Lopez Early College High School

>> Mariana Mijangos, Pace Early College High School

>> Yamile B. Perez, Rivera Early College High School

>> Alec Jacob Solis, Veterans Memorial Early College High School

>> Kaelyn Espinosa, Port Isabel High School

>> Susana Ibarra, Saint Joseph Academy

>> Alyn Anzaldua, Los Fresnos High School

>> Ramon Arenas Gonzalez III, Harlingen High School

>> Mikela Mireles, Harlingen South High School

IBC Bank-Brownsville began the market-wide community program in 1985 to provide the opportunity for higher education to youth from low to moderate-income households and has awarded more than $280,000 in scholarship funds.

Born into a humble family, Antonio R. Sanchez, Sr., the namesake of the scholarship award and the founder of IBC Bank, was committed to making higher education available to those interested in improving their lives. Sanchez’s unwavering belief in the power of learning lives on in the A.R. Sanchez Scholarship, which is bestowed annually upon deserving high school seniors throughout Texas and Oklahoma.

In addition, IBC Bank – Brownsville awarded scholarships in honor of banking veteran Fred W. Rusteberg, chairman emeritus of IBC Bank-Brownsville. Rusteberg has been a key contributor in the development of science, engineering, business and education programs for all citizens in South Texas.

He was a charter member and past Chairman of the Development Board for the University of Texas at Brownsville, a member of the Chancellor’s Advisory Council at the University of Texas at Austin, and a member of the President’s Advisory Council for the University of Texas Rio Grande Valley.

In 2020, IBC Bank presented more than $120,000 in scholarships to high school seniors throughout its corporate footprint in Texas and Oklahoma.