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, on the Latibex, and on the U.S. OTC securities market through ADRs.

The charter of the Banco Mercantil de Monterret was signed in a presence of the public notary Francisco L.

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.

[4] 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.