Our History

Connecting Communities for more than 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. 

Company History

1931
1931
1931

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

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
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
1983
1983

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

1983
1983

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

1998
1998
1998

Purchased Lake Panorama Realty

1998
1998

Panora office opened

2002
2002
2002

Established GCSB Investment Center

2004
2004
2004

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

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
2008

Purchased Guthrie County Abstract & Beverly Wild Abstracting

2012
2012
2012

In 2012, Mike Underwood was named the fifth President.

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
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
2016
2016

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

2017
2017

Guthrie County Abstract was sold.

2019
2019

Lake Panorama Realty was sold to Nevitt Realty.

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.

2020
2020

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

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.

2021
2021

Guthrie County State Bank celebrates 90 years of connecting communities!

2023
2023
2023

Same bank. New look. Panora branch reopens after a remodel that features more natural light, increased open space and a clean, modern look.