Gruver State Bank

Gruver State Bank was established on September 7, 1946, in Gruver, Texas, originally under the name Gruver State Bank. Over the years, the institution underwent several significant changes, including its regulatory status; on November 1, 1961, it became a state-chartered bank and withdrew from the Federal Reserve System, later changing its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC). The bank moved its main office multiple times within Gruver, relocating to Fourth and Main Streets in 1972 and then to 3 Main Plaza on September 30, 1981. On August 25, 1975, Gruver State Bank expanded its services by acquiring full trust powers. The bank continued to operate until it merged with Western Bank, based in Lubbock, Texas, on September 14, 2019.

Below is a list of some important events in banks history, including mergers and acquisitions.

1946-09-07Institution established. Original name: Gruver State Bank.

1961-11-01Institution withdraws from membership in the Federal Reserve System.

1961-11-01Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1961-11-01Changed Primary Federal Regulatory Agency to FDIC.

1972-11-13Changed Institution Name to Gruver State Bank.

1972-11-13Main Office moved to Fourth And Main Streets, Gruver, TX 79040.

1975-08-25Changed Trust Powers to Full.

1981-09-30Main Office moved to 3 Main Plaza, Gruver, TX 79040.

2019-09-14Merged and became part of Western Bank in Lubbock, TX.