Historical Marker

Site of the Guarantee State Bank

Marker size: 18" x 28"

Ore City was founded about 1910 as an iron mining center. On Dec. 16, 1911, its citizens organized the Guarantee State Bank, and after operating temporarily in the local schoolhouse, they built a brick structure on this site in 1912. State Representative W. O. Stamps, the first president, set up farsighted policies during the hard times when the iron mill failed to materialize. Cattle, hogs, mules, and crops figured as loan collateral here as in other Texas farm centers. Renamed the Security State Bank in 1927, the firm erected and moved into a new building nearby in 1968

As one of the most visible programs of the Texas Historical Commission (THC), historical markers commemorate diverse topics in Texas history, including: the history and architecture of houses, commercial and public buildings, religious congregations, and military sites; events that changed the course of local and state history; and individuals who have made lasting contributions to the state, community organizations, and businesses.

banks, bankers, banking topics
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Upshur County, located in northeastern Texas, has a rich and diverse history that dates back to the prehistoric times. The area was initially inhabited by various Native American tribes, including the Caddo and Cherokee, who roamed the land and established settlements along the Sabine River. The first European explorers arrived in the 18th century, with the Spanish laying claim to the region but exerting little influence. It wasn't until the early 19th century that Anglo-American settlers began to arrive.

The county was officially organized in 1846, and it was named after Abel P. Upshur, a former United States Secretary of State. During the mid-19th century, the discovery of iron ore deposits in the county brought economic development and a boom in population. The industry fueled the growth of several towns, including Ore City and Big Sandy.

The Civil War had a significant impact on Upshur County, as it saw both Union and Confederate sympathizers in the area, leading to conflicts and divisions among the residents. After the war, the county slowly recovered and experienced growth with the arrival of the railroad in the late 19th century. The establishment of the East Texas oil industry in the early 20th century further boosted the county's economy.

Today, Upshur County continues to thrive with a diverse economy that includes agriculture, manufacturing, and oil production. The area also offers numerous outdoor recreational activities, such as fishing, camping, and hiking in the beautiful natural surroundings. With a rich history and a vibrant present, Upshur County remains a significant part of Texas's cultural and economic landscape.

This timeline provides a glimpse into the major events and milestones that have shaped the history of Upshur County, Texas.

  • 1846 - Upshur County created and organized by the Texas legislature
  • 1848 - First county elections held
  • 1877 - Construction of the first courthouse
  • 1880 - The city of Gilmer becomes the county seat
  • 1890 - Population reaches 11,206
  • 1900 - First public high school established in Gilmer
  • 1930 - Discovery of oil leads to an economic boom
  • 1940 - Population peaks at 24,185
  • 1967 - Completion of Lake Gilmer, a reservoir for water supply and recreation
  • 2009 - Historic Upshur Museum dedicated in Gilmer