 
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC
20549
 
FORM 8-K
 
CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
 
Date of
Report (Date of earliest event reported) August
7, 2003 
 
INDEPENDENT BANKSHARES, INC.(Exact name of registrant as
specified in its chapter)
 
  Texas
  
  0-10196
  
  75-1717279
  
  (State or other jurisdiction of incorporation)

  (Commission File No.)

  (IRS
  Employer Identification No.)

  1617 Broadway

  Lubbock, Texas  79408
  
  (Address of principal executive offices)  (Zip Code)

  (806) 749-1850

  (Registrant’s telephone number, including area code)

Item 5.                                                             Other Events
 
On August 7, 2003, Independent Bankshares,
Inc. (“Independent Bankshares”) issued a press release announcing that its
subsidiary, Independent Capital Trust, will redeem on September 22, 2003 (the
“Redemption Date”) all of its 8.50% Cumulative Trust Preferred Securities and
its 8.50% Common Securities at a redemption price equal to the $10.00
liquidation amount of each security plus all accrued and unpaid interest per
security up to the Redemption Date. A copy of Independent Bankshares’ press
release is attached hereto as Exhibit 99.1. The press release is incorporated
by reference into this Item 5 and the foregoing description of the press
release is qualified in its entirety by reference to the exhibit.
 
Item 7.                                                             Financial Statements and
Exhibits
 
(c)                     Exhibits.  The following materials are furnished as
part of this Current Report on Form 8-K:
 
  Exhibit Number

  Description of Exhibit

  99.1

  Independent Bankshares, Inc.,
  press release dated August 7, 2003 with respect to the redemption of
  Independent Capital Trust’s preferred and common securities.

SIGNATURE
 
Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
 
  Independent Bankshares, Inc.

  Registrant

  Date:                    August 8, 2003

  By:

  /s/ Don E. Cosby

  Don E. Cosby

  Executive Vie Present &
  Chief Financial Officer

2

EXHIBIT
INDEX
 
  Exhibit Number

  Description of Exhibits

  99.1

  Independent Bankshares, Inc.,
  press release dated August 7, 2003 with respect to the redemption of
  Independent Capital Trust’s preferred and common securities.

3

Texas	0-10196	75-1717279
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

1617 Broadway Lubbock, Texas 79408
(Address of principal executive offices) (Zip Code)

(806) 749-1850
(Registrant’s telephone number, including area code)

Exhibit Number		Description of Exhibit
99.1		Independent Bankshares, Inc., press release dated August 7, 2003 with respect to the redemption of Independent Capital Trust’s preferred and common securities.

	Independent Bankshares, Inc.
	Registrant

Date: August 8, 2003	By:	/s/ Don E. Cosby
		Don E. Cosby
		Executive Vie Present & Chief Financial Officer

Exhibit Number		Description of Exhibits

99.1		Independent Bankshares, Inc., press release dated August 7, 2003 with respect to the redemption of Independent Capital Trust’s preferred and common securities.

Date of Report (Date of earliest event reported) August 7, 2003

INDEPENDENT BANKSHARES, INC.

Texas

0-10196

75-1717279

1617 Broadway Lubbock, Texas 79408

1617 Broadway
Lubbock, Texas 79408

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