Skip to content

Details

Elevate the Champions of Free Enterprise with Craig Scheef

Live:
https://www.linkedin.com/feed/update/urn:li:ugcPost:6792789694884171776/

The Free Enterprise system is indisputably the most productive economic system devised by man. It is responsible for raising the standard of living and bringing more people out of poverty than any other economic system. Entrepreneurs create more jobs and pay more taxes than any other sector. Championing these courageous individuals is a great reason to get out of bed.

Business owners are starved for quality business education. Education that is germane to what they are doing daily. You must remember that the majority of owner managed businesses are not run by individuals with a business degree.

I’ve had the pleasure of working with members of your team and found them to accessible, responsive and resourceful, how do you ensure that the team carries that value to the market when so many other banks are reducing customer contact and have high staff turnover – which will ultimately have customers seeking the more Regional banks like TSB?

I believe part of it is maintaining an ownership mentality - which most of our team members do, because most are owners. Also, I believe we must be intentional about our core values on a daily basis.

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.

You may also like