He worked, lived and gave to his community under the moniker of Mr. “Fred was an outstanding citizen, family man, leader and a solid example of IBC Bank’s ‘We Do More’ mission. After retiring as CEO, Rusteberg served as Chairman Emeritus of the IBC Bank-Brownsville Board.
During his tenure, he grew the bank to the high-performing institution it is today with 12 banking facilities and more than $1 billion in assets.
He founded the first IBC Bank in Cameron County, the fourth IBC Bank in the International Bancshares Corporation, in 1984. Rusteberg retired in 2016, after more than four decades in the banking industry. Rusteberg, who passed away over the weekend. LAREDO, Texas – IBC Bank is mourning the loss of banking veteran, community leader and founding President and CEO of IBC Bank-Brownsville Fred W. IBC Bank issued this tribute to Fred Rusteberg: Whitlock added: “Fred always called me, ‘panda,’ as I him, and with that bond and respect for each other, we knew that we could accomplish whatever we set out to do to improve the quality of life for the people of Cameron County. Just as I have with Glen, I have been missing Fred’s counsel and friendship and will always cherish the successful public policy initiatives that he and I collaborated on over the years.” To me, Fred Rusteberg was a true and relevant hero and legend in Cameron County and this the lower Valley, similar to the relevancy of my raid stations partners Glen Roney’s stature and impact in the Mid- and Upper Valley. Veteran broadcaster Ron Whitlock said: “Fred has been on my mind a lot over the past week. A great husband, father, grandfather, colleague, or as in my case, friend and mentor. One can only hope to be hailed as such an outstanding individual. “It is said, when you’re gone, what people say about you is a testament to who you were. Gonzales said Rusteberg was a champion of Texas A&M University and higher education who inspired many to achieve what might have seemed unachievable. Army, serving as a UH-1 Iroquois “Huey” chopper pilot in The Vietnam War.” I will cherish the stories he shared about his time at Texas A&M University and as an officer in the U.S. I am thankful to have spent as many hours on the golf course with him as I did. Through his successes and influence in the lower Rio Grande Valley, he maintained an admirable humility. Fred Rusteberg ‘68 was someone I truly looked up to. Gonzalez said on Facebook: “At a loss for words.
Traci Boeh Wickett said on Facebook: The Godfather (as we always joked). Brownsville’ for his service, hard work and dedication to the city he loved. Rusteberg will be long remembered as ‘Mr. Though I am saddened at the news of the loss of a friend, I know his character, hard work, and legacy will always be remembered in Brownsville.”īrownsville Chamber of Commerce said: “We would like to pay our respects today, as the City of Brownsville mourns the loss of banking veteran, respected community leader and former President and CEO of IBC Bank-Brownsville, Fred W. Fred’s accomplishments and contributions to South Texas are far too many to count. Fred was also a champion for education, establishing the first scholarship endowment at the University of Texas – Brownsville, now University of Texas Rio Grande Valley. “After receiving the Army commendation medal and an honorable discharge, he returned to Brownsville where he served as the port director for the Port of Brownsville. In this role he helped many start or keep their businesses,” said Congressman Filemon Vela.
#IBC BANK RIO GRANDE CITY TX PROFESSIONAL#
Fred served the majority of his professional career as the original founding CEO and president of IBC Bank in Brownsville. Frederick William Rusteberg of Brownsville, Texas was a beloved husband, father, grandfather, and friend. “On Sunday, the Rio Grande Valley lost a titan. He was the founding president and CEO of IBC Bank-Brownsville in 1984 and worked in the banking industry for more than four decades. BROWNSVILLE, Texas – Community leaders are in agreement: a titan of the Rio Grande Valley business community has passed away.įrederick William Rusteberg has died at the age of 74.
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