Exhibit 31.1

                CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER
            PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

     I,  Lowell  S.  Dansker,  as  the  principal financial officer of Intervest
Bancshares  Corporation  and  Subsidiaries  (the  "Company"),  certify,  that:

1.     I have reviewed this report on Form 10-K for the year ending December 31,
2004 of the Company;

2.     Based  on my knowledge, this report does not contain any untrue statement
of  a  material  fact  or  omit  to  state a material fact necessary to make the
statements  made, in light of the circumstances under which such statements were
made,  not  misleading  with  respect  to  the  period  covered  by this report;

3.     Based  on  my  knowledge,  the  financial statements, and other financial
information included in this report, fairly present in all material respects the
financial  condition, results of operations and cash flows of the Company as of,
and  for,  the  periods  presented  in  this  report;

4.     The  Company's  other  certifying  officers  and  I  are  responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-15e  and  15d-15e)  for  the  Company  and  have:

          (a)  Designed  such  disclosure  controls  and  procedures,  or caused
               such  disclosure  controls and procedures to be designed under my
               supervision,  to ensure that material information relating to the
               Company,  including  its consolidated subsidiaries, is made known
               to  me  by  others within those entities, particularly during the
               period in which this report is being prepared;

          (b)  [Paragraph omitted pursuant to SEC Release Nos. 33-8238;
               34-47986];

          (c)  Evaluated  the  effectiveness  of  the  Company's  disclosure
               controls  and  procedures  and  presented  in  this  report  my
               conclusions  about  the  effectiveness of the disclosure controls
               and  procedures,  as  of  the  end  of the period covered by this
               report based on such evaluation; and

          (d)  Disclosed  in  this  report  any  change  in  the  Company's
               internal  control  over  financial reporting that occurred during
               the  Company's  most recent quarter that has materially affected,
               or  is  reasonably  likely  to  materially  affect, the Company's
               internal control over financial reporting; and

5.     The Company's other certifying officers and I have disclosed, based on
our most recent evaluation of internal control over financial reporting, to the
Company's auditors and the Audit Committee of the Company's Board of Directors:

          (a)  All  significant  deficiencies  and  material  weaknesses  in the
               design  or  operation  of  the  internal  control  over financial
               reporting  which  are  reasonably  likely to adversely affect the
               Company's  ability  to  record,  process,  summarize  and  report
               financial information; and

          (b)  Any  fraud,  whether  or  not  material, that involves management
               or  other  employees who have a significant role in the Company's
               internal control over financial reporting.



          /s/  Lowell  S.  Dansker
          ------------------------
          Lowell  S.  Dansker,  Vice  Chairman,  President  and  Treasurer
          (Principal  Financial  Officer)
          March  11,  2005


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