Born in Guthrie and raised in Oklahoma City, Thomas Utterback graduated from Oklahoma State University and the University of Wisconsin School of Banking. He began his long career in business and banking in 1931 with City National Bank. In 1964, he was named president of Oklahoma National Bank and retired in 1977.
An active supporter of charitable organizations and efforts in south Oklahoma City, Mr. Utterback served as president of the South Oklahoma City Chamber of Commerce.
Mr. Utterback never married and lived in the same modest house until his death. He never installed air conditioning but invested his money very astutely. After his death in 1999, a gift in his estate established the Thomas Utterback Fund that supports a number of charitable organizations that were important to him.
In 2003, resources from the Thomas Utterback Fund were used to make repairs to homes of Oklahoma City residents in need through Rebuilding Together OKC, an organization providing low income senior citizens with home repairs and accessibility modifications.