Snyder is named for merchant and buffalo hunter William Henry (Pete) Snyder, who built a trading post on Deep Creek in 1878. It soon drew fellow hunters, and a small settlement grew up around the post. The nature of those early dwellings, mostly constructed of buffalo hide and tree branches, led to the community's first, if unofficial, name of "Hide Town". Another early name, "Robber's Roost", is said to owe its beginnings to the sometimes nefarious nature of a few residents and a lack of law enforcement. A statue of an albino buffalo on the grounds of the Scurry County Courthouse in Snyder pays homage to the town's beginnings as a buffalo-trading post.