Craig Scheef co-founded Texas Security Bank in 2008 and serves as Chairman and Chief Executive Officer. He oversees and manages each department to ensure that the bank lives up to its mission - elevating the champions of free enterprise.
When the opportunity arose to create Texas Security Bank, Scheef knew that he wanted to focus on a grossly underserved market, owner-managed businesses. An entrepreneur at his core, Scheef, along with a trusted group of Dallas business people, began writing a business plan, obtaining regulatory approval and raising capital to start an independent bank. In May 2008, Texas Security Bank began operations with $26.5 million in new capital, which included Scheef’s life savings. Today, Texas Security Bank is a profitable independent bank with three locations and assets totaling $940 million. Under Scheef’s leadership, the bank is ranked as one of the healthiest banks in the country annually.
Prior to starting Texas Security Bank, Scheef was at Bank of Texas, a subsidiary of BOK Financial, where he served in multiple positions including President of Business Banking, where he was responsible for managing seven community banks in Dallas and Houston, as well as Community Bank President of the Swiss Avenue location. He also served as Vice President and Loan Team Leader of First Interstate Bank, a predecessor to Wells Fargo Bank where he managed a team of middle-market lenders.
Scheef has been recognized and honored by multiple organizations throughout his career. He is the recipient of the Milam Award which is presented annually to a distinguished ECU football alumnus who has excelled in his chosen vocation, ECU’s Distinguished Service Award, Entrepreneur of the Year Award from ECU’s Harland C. Stonecipher School of Business, and as a Distinguished Alumnus of East Central University.
Scheef earned his BBA degree in marketing at East Central University (ECU) and an MBA in finance from The University of North Texas (UNT). He graduated with high honors from UNT and ranked in the top five percent of his graduating class.