Gunter is a city in Grayson County and is part of the Sherman-Denison Metropolitan Statistical Area. Although a post office was granted in 1898, the organization of its community dates to 1902, when a railroad arrived in the area. Gunter was named after John Gunter, a surveyor and a cattleman who donated land for the townsite. Upon the railroad’s completion, the city became a retail and community center for area farmers. In 1924, the town was incorporated. Although the Great Depression and two catastrophic fires in 1930 retarded its growth and decreased its population, the town managed to recover. In the 1990s, Gunter experienced a surge in growth from the Metroplex suburbs; developments include the establishment of Sonic Drive-In and Dollar General. In 2002, the town had its first financial institution in almost 90 years. As of 2010, its population was 1,498.