Guthrie County State Bank’s 90th Anniversary

Connecting Communities for 90 Years

Ever since our founding in 1931, Guthrie County State Bank has combined personal service with the latest in technology to make it easier, safer and more convenient for customers to manage their finances. We continue that tradition in the 21st century with a suite of high-tech products and services. 

History

1931
January 1, 1931

1931

1931

In 1931, the Bank started with three employees. There are 23 current employees as of April 2021.

1938
January 1, 1938

1938

1938

Milton C. Barnett was elected Assistant Cashier in January 1938, and Cashier in January 1941, a position he held until his death on March 1, 1950.

1950
October 1, 1950

1950

G.M. Barnett, Jr. came to the Bank as Vice President in October 1950, and became President to succeed his father May 1959, until January 31, 1983.

1983
January 1, 1983

1983

1983

In January 1983, a group of local citizens formed the Guthrie County Bancshares, Inc.

January 31, 1983

1983

1983

On January 31, 1983, Roger Underwood became President and Chairman of the Board.

1998
January 1, 1998

1998

1998

Purchased Lake Panorama Realty

June 1, 1998

1998

1998

Panora office opened

2002
May 1, 2002

2002

2002

Established GCSB Investment Center

2004
January 15, 2004

2004

2004

Barry Monaghan became President and Chief Executive Officer in January 2004.

2006
July 1, 2006

2006

In 2006, as we celebrated our 75th Anniversary, capital had grown to $200,000 with a surplus of $900,000 and undivided profits of over $4,275,000 and reserves of over $400,000. Total capital amounts exceed $6,000,000.

2008
August 1, 2008

2008

Purchased Guthrie County Abstract & Beverly Wild Abstracting

2012
January 1, 2012

2012

2012

In 2012, Mike Underwood was named the fifth President.

2014
April 5, 2014

2014

2014

GCSB launches Well Connected Mobile Banking – convenient and safe access to your accounts right from your mobile phone. We followed up by adding mobile deposit capture in 2015.

2015
December 31, 2015

2015

2015

As of December 31, 2015, capital was $200,000 with a surplus of $900,000 and undivided profits of over $9,700,000 and reserves of over $950,000. Total capital amounts exceed $11,000,000.

2016
January 1, 2016

2016

2016

In 2016, the Guthrie Center office of the Bank moved to its new location.

2017
July 1, 2017

2017

Guthrie County Abstract was sold.

2019
May 15, 2019

2019

Lake Panorama Realty was sold to Nevitt Realty.

2020
September 7, 2020

2020

Illustration of a calculator, piggy bank, coins, and a chart

We launched a brand new website and upgraded the mobile banking and online banking platforms for a better customer experience.

October 1, 2020

2020

2020

GCSB donated $25,000 to Panora Regional Industrial Development (PRIDE) for the purchase of a development lot

2021
March 1, 2021

2021

Guthrie County State Bank contributes $25,000 to the AC/GC Fitness Center

GCSB donated $25,000 after a matching campaign to finish out the fundraising for the AC/GC Fitness Center.

April 1, 2021

2021

2021

Guthrie County State Bank celebrates 90 years of connecting communities!

Join the Celebration and Connect with Guthrie County State Bank