The purpose of this review is to describe the increasing roles and responsibilities of eye banking with focus on its roles in the US historically, currently, and in the future. Since the establishment of the first eye bank by Townley Paton in 1944, eye banks have been responsible for both the safety and quality of corneal graft procurement, preparation, and distribution. Over time, eye banks have played an increasing role in the evolving world of corneal transplantation. Eye banks have repeatedly risen to new challenges regarding disease transmission, preparation of partial-thickness graft preparation, use of novel technology, and adjustment to meet constant increasing legislation and regulation. As the future will likely bring new opportunities as well as challenges, eye banks need to continually adapt to future technical and regulatory obstacles, ensuring that the future of corneal transplantation continues to be increasingly safe and successful.