Texas Border Business
HARLINGEN, Texas— The Independent Bankers Association of Texas (IBAT) is proud to announce that Michael Scaief, Chairman of the Board & CEO of Texas Regional Bank in Harlingen, now serves as secretary-treasurer of the IBAT board of directors for 2023-24. Scaief was elected to this position during the association’s 49th annual convention held September 16-19 in Frisco.
Scaief is a Valley native. After receiving a B.A. in Economics from the University of Texas at Austin, he began his banking career in 1987 at First Valley Bank. Over the next ten years, he worked his way up to Senior Vice President, managing lending and operations. Soon after the bank sold to Norwest/Wells Fargo in 1998, Mr. Scaief left to pursue other interests.
In 2008, Scaief organized a group of Valley businessmen to explore establishing a new regional bank. In May of 2010, they purchased a South Texas bank, changed the name to Texas Regional Bank and began operating. Today, in addition to serving as TRB Chairman, Scaief also serves as Chairman and President of the bank’s holding company, Texas State Bankshares, Inc.
Scaief has been on the boards of numerous community organizations. He is past chairman of the Harlingen Industrial Foundation, the City of San Benito Board of Adjustments and Appeals, and the San Benito Chamber of Commerce. He served as President of the San Benito Rotary Club and Vice-Chairman of the Cameron County Regional Mobility Authority. He has been an Elder and Session Member of the First Presbyterian Church of San Benito.
Austin-based IBAT represents almost 5,000 banks and branches in more than 700 Texas communities. Additional information about the new board of directors can be found at www.ibat.org.
