GUNTER, TEXAS (Grayson County). Gunter is at the intersection of State Highway 289 and Farm Road 121, twelve miles southwest of Sherman in south central Grayson County. One of the later towns to be established in Grayson County, Gunter received a post office in 1898 and was organized as a community in 1902 when the tracks of the St. Louis, San Francisco and Texas Railway reached the area. The town’s namesake, John Gunter, a cattleman and surveyor, donated land for the townsite. The arrival of the railroad established Gunter as a retail and community center for area farmers.
By 1914 the town reported a population of 800 and thirty-six businesses. It also had Baptist, Methodist, and Church of Christ churches and a weekly newspaper called the Grayson County Advocate. The community’s population surpassed 500 in 1924, the year Gunter incorporated. Its residents were served by some fifty businesses, including two banks; it also had a school and numerous churches. The Great Depression and two devastating fires in 1930 and 1948 further damaged the local economy.
Gunter began to grow again in the 1950s, and experienced its greatest growth in the last two decades, doubling in population during the 1990s. Gunter has started to experience overflow growth from the northern Metroplex suburbs, due to its location on State Highway 289 approximately 10 miles (16 km) north of Celina, as well as its proximity to the Sherman – Denison metropolitan area and nearby Lake Texoma. Recent developments include the opening of a Sonic Drive-In and a Dollar General. Finally, in May 2002, a branch of Ada, Oklahoma based Landmark Bank opened in Gunter, thus providing the town its first financial institution in nearly 90 years.