Bank History

The Guthrie County State Bank was chartered on October 17, 1931, with a Capital of $30,000 and a Surplus of $7,500. Today, that Capital has grown to $200,000 with a Surplus of $900,000 and Undivided Profits and Reserves of over $4,692,000.

The original Capital was provided by G.M. Barnett, Sr. and several local citizens. Mr. Barnett was President of the Bank from 1931 until May, 1959. He was succeeded by G.M. Barnett, Jr., his son, who served as President until January 31, 1983. Roger Underwood was then elected President and served in that capacity until 2003. Barry Monaghan currently serves in this role. 

The original Board of Directors was G.M. Barnett, Sr., O.C. Hawkins, T.E. Daugherty, W.R. Hartman, Cary Headlee, H.E. Ellett and E.E. France.

The present Board of Directors is Margaret Batschelet, Richard Betts, Larry Brandt, Scott Gonzales, Barry Monaghan, Patrick Moylan, Don Reinhart, and Roger Underwood.

A history of the deposits reflects the changes in the economy from the opening of the bank until the present time. They are as of December 31st, on the following years:
 

  1931 .......... 292,500
  1941 .......... 1,362,000
  1951 .......... 4,315,000
  1961 .......... 4,618,000
  1971 .......... 9,641,000
  1981 .......... 24,735,000
  1991 .......... 35,311,000
  1996 .......... 41,206,000
  2001 .......... 57,470,000
  2002 .......... 59,767,000
  2003 ......... 66,976,000
  2004.......... 67,855,000
  2005……… 69,315,000
  2006.......... 72,762,000
  2007.......... 90,041,000

All Directors, Officers, and Employees continue to serve their community and customers in a courteous and efficient manner.