de C.V., doing business as Banorte (Banco Mercantil del Norte) and as Ixe, is a Mexican banking and financial services holding company with headquarters in Monterrey and Mexico City.

[1] Grupo Financiero Banorte is listed on the Mexican Stock Exchange and on the Latibex.

Over the next decade, Banorte transformed itself from a regional bank, based mainly in the northern Mexico, to one with nationwide coverage.

Key numbers for fiscal year ending December 31, 2021 for Grupo Financiero Banorte: Operation Casablanca was a three-year U.S. investigation of major Mexican banking institutions for laundering illicit drug profits.

On July 1, 1999, a U.S. federal judge in Los Angeles dismissed with "extreme prejudice" the forfeiture case against Banorte.

No criminal charges were filed and U.S. authorities gave them back $1.4 million seized in the operation.

[3] INB Financial Corp is the holding company of Texas-based Inter National Bank.

Banorte exercised its option to acquire the remaining 30% of INB Financial Corp stock for $146.6 million in 2009.