EXHIBIT 14.3
                               AUDIT COMMITTEE OF
                        INTERVEST BANCSHARES CORPORATION
      PROCEDURES FOR SUBMISSIONS REGARDING QUESTIONABLE ACCOUNTING, INTERNAL
                               ACCOUNTING CONTROLS
                              AND AUDITING MATTERS

I.   PURPOSE

     The Audit Committee desires to cultivate open and effective channels of
     information. This policy looks to facilitate disclosures, encourage proper
     individual conduct and alert the Audit Committee to potential problems
     before they have serious consequences.

     These procedures shall be communicated to the Company's employees. The
     Audit Committee may modify or amend the procedures at any time without
     notice as it may deem appropriate in the best interests of the Company, or
     as required by applicable law.

     These procedures will be reviewed by the Audit Committee on a periodic
     basis, no less frequently than annually.

II.  NATURE OF COMPLAINTS

     Complaints may relate to any questionable accounting or auditing matters,
     including among others:

     -    fraud or deliberate error in the preparation, evaluation, review
          or audit of any financial statement of the Company,

     -    fraud or deliberate error in the recording and maintaining of
          financial records of the Company,

     -    deficiencies in or noncompliance with the Company's internal
          accounting controls,

     -    misrepresentation or false statement to or by a senior officer or
          accountant regarding a matter contained in the financial records,
          financial reports or audit reports of the Company, or

     -    deviation from full and fair reporting of the Company's financial
          condition.

     Any officer, director or employee of the Company, or any other person, who
     has concerns regarding questionable accounting or auditing matters related
     to the Company may submit such concerns pursuant to these procedures.
     Complaints or concerns may be submitted either verbally or in writing, and
     may be open, confidential, or anonymous.

III. PROCEDURES FOR SUBMISSION OF COMPLAINTS

     In accordance with the Company's Audit Committee Charter, the Audit
     Committee has established, and will maintain, the following procedures for
     the submission of complaints regarding questionable accounting, internal
     accounting controls or auditing matters. Such procedures will be as
     follows:


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     1.   The Company has established written policies for the receipt of
          complaints and has directed that such complaints be sent to the
          attention of the Chairman of the Audit Committee at the Company's
          address.

     2.   Management of the Company has been directed that any and all
          correspondence addressed to the Audit Committee of the Board or the
          Chairman of the Audit Committee must be promptly delivered, unopened
          to the Chairman of the Audit Committee or, in his absence, another
          member of the Audit Committee.

IV.  PROCEDURES FOR HANDLING OF COMPLAINTS

     1.   Any director, officer or employee of the Company who receives a
          complaint from any person regarding accounting, internal controls or
          auditing matters must immediately report such complaint to the
          Chairman of the Audit Committee, or to the employee's supervisor who
          must in turn report such complaint to the Chairman of the Audit
          Committee. Complaints addressed to the Company also shall be forwarded
          to the Chairman of the Audit Committee.

     2.   Complaints and the complainant's identity will be treated with
          confidentiality to the maximum extent possible consistent with fair
          and rigorous enforcement of these procedures, as determined by the
          Audit Committee and in accordance with applicable law.

     3.   The Audit Committee will conduct or coordinate a timely and
          impartial investigation of each reported matter.

     4.   The Audit Committee will take any action it deems appropriate
          after completion of its investigation, including corrective or
          disciplinary action which may include termination of employment of the
          individuals responsible for the matters reported.

     5.   When possible, he Audit Committee Chairman shall advise the
          complainant of the outcome of the investigation and resolution of the
          matter.

     6.   The  Audit  Committee  will  retain  records of submissions, including
          a  record  of any investigations related thereto for a period of seven
          years.

V.   NO RETALIATION

     The Company will not discharge, demote, suspend, threaten, harass, or in
     any manner discriminate against any employee in the terms and conditions of
     employment based upon any lawful actions of such employee with respect to
     good faith reporting of complaints regarding accounting, internal
     accounting controls or auditing matters or otherwise as specified in
     Section 806 of the Sarbanes-Oxley Act of 2002.


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