Nixon’s International Bank of Commerce (IBC) has 90 branch banks with assets of more than $4.5 billion. IBC has extensive financial dealings with Mexican banks, businesses and maquiladora assembly plants. Nixon was a major proponent of the North American Free Trade Agreement. He is an ex-president of the Laredo Chamber of Commerce and is a member of Bush’s Business Council. Nixon raised $300,000 for Bush’s last gubernatorial campaign in a single fundraising event.