Tightwad, Missouri
Encyclopedia
Tightwad is a village in Henry County
, Missouri
, United States
. Its population was 64 persons in the 2010 United States Census.
, the village has a total area of 1 square miles (2.6 km²), of which, 1 square miles (2.6 km²) of it is land and 0.99% is water.
of 2010, there were 64 people, 28 occupied households, and 18 families residing in the village. The population density
was 66.0 people per square mile (24.3/km²). There were 33 housing units at an average density of 33.0 per square mile (12.7/km²). The racial makeup of the village was 95.24% White, 3.2% Native American, and 1.6% Asian.
There were 28 households out of which 21.4% had children under the age of 18 living with them, 64.3% were married couples
living together, and 35.7% were non-families. 25.0% of all households were made up of individuals and 14.3% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.78.
In the village the population was spread out with 17.5% under the age of 18, 7.9% from 18 to 24, 23.8% from 25 to 44, 34.9% from 45 to 64, and 15.9% who were 65 years of age or older. The median age was 47 years. For every 100 females there were 103.2 males. For every 100 females age 18 and over, there were 100.0 males.
The median income for a household in the village was $24,375, and the median income for a family was $51,250. Males had a median income of $35,417 versus $30,625 for females. The per capita income
for the village was $18,981. There were no families and 16.7% of the population living below the poverty line, including no under eighteens and 21.4% of those over 64.
) at first housed in a portable trailer then eventually a one-story brick building still in use today. Publicity over the unusual name eventually led to deposits totalling over $2 million dollars (US). However an expected business boom from nearby Truman Reservoir never materialized and the bank fell victim to armed robbery twice in the 1990s. Thus in November 2006, UMB, the banks owner at the time, announced that the Tightwad branch bank would close and accounts would be shuffled to UMB locations in Warsaw
and Clinton, Missouri
.
In May 2008, Tightwad Bank was reopened, under new ownership, as an FDIC insured institution. The bank is a full-service branch of the former Reading State Bank, Reading, Kansas
. To capitalize on the noteriety of the unusual name, the Reading locations' name was changed to Tightwad Bank as well. "We're seeking the customers with a sense of humor", admitted bank co-owner Donald Higdon in a 2008 interview with The Washington Post.
In 2010 the two locations of Tightwad Bank reported combined deposits of over $20 million dollars (US).
Henry County, Missouri
Henry County is a county located in the U.S. state of Missouri. As of 2000, the population was 21,997. Its county seat is Clinton. The county was organized in 1835 as Rives County, and renamed in 1841 after the American patriot Patrick Henry, of Virginia. The county was originally named after...
, Missouri
Missouri
Missouri is a US state located in the Midwestern United States, bordered by Iowa, Illinois, Kentucky, Tennessee, Arkansas, Oklahoma, Kansas and Nebraska. With a 2010 population of 5,988,927, Missouri is the 18th most populous state in the nation and the fifth most populous in the Midwest. It...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Its population was 64 persons in the 2010 United States Census.
History and name
Located astride Missouri Route 7, Tightwad was an unincorporated location until 1984 however a U.S. Post Office had existed there at the turn of the 20th century. The village's unusual name is said to stem from an episode in which a store owner cheated a customer, who was a postman, by charging him an extra fifty cents for a better watermelon. Some sources claim the transaction involved a rooster rather than a watermelon. Due to its proximity to Truman Reservoir, Tightwad saw some limited growth starting in the mid-1980s. As of 2010 the villages' business district offerings included a bank (see below), cafe', tavern, and convenience store.Geography
According to the United States Census BureauUnited States Census Bureau
The United States Census Bureau is the government agency that is responsible for the United States Census. It also gathers other national demographic and economic data...
, the village has a total area of 1 square miles (2.6 km²), of which, 1 square miles (2.6 km²) of it is land and 0.99% is water.
Demographics
As of the censusCensus
A census is the procedure of systematically acquiring and recording information about the members of a given population. It is a regularly occurring and official count of a particular population. The term is used mostly in connection with national population and housing censuses; other common...
of 2010, there were 64 people, 28 occupied households, and 18 families residing in the village. The population density
Population density
Population density is a measurement of population per unit area or unit volume. It is frequently applied to living organisms, and particularly to humans...
was 66.0 people per square mile (24.3/km²). There were 33 housing units at an average density of 33.0 per square mile (12.7/km²). The racial makeup of the village was 95.24% White, 3.2% Native American, and 1.6% Asian.
There were 28 households out of which 21.4% had children under the age of 18 living with them, 64.3% were married couples
Marriage
Marriage is a social union or legal contract between people that creates kinship. It is an institution in which interpersonal relationships, usually intimate and sexual, are acknowledged in a variety of ways, depending on the culture or subculture in which it is found...
living together, and 35.7% were non-families. 25.0% of all households were made up of individuals and 14.3% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.78.
In the village the population was spread out with 17.5% under the age of 18, 7.9% from 18 to 24, 23.8% from 25 to 44, 34.9% from 45 to 64, and 15.9% who were 65 years of age or older. The median age was 47 years. For every 100 females there were 103.2 males. For every 100 females age 18 and over, there were 100.0 males.
The median income for a household in the village was $24,375, and the median income for a family was $51,250. Males had a median income of $35,417 versus $30,625 for females. The per capita income
Per capita income
Per capita income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate and dividing it by the total population...
for the village was $18,981. There were no families and 16.7% of the population living below the poverty line, including no under eighteens and 21.4% of those over 64.
Tightwad Bank
The first Tightwad Bank opened in 1984 as a branch of the Citizens Bank of Windsor (Windsor, MissouriWindsor, Missouri
Windsor is a city in Henry and Pettis Counties, Missouri. The population was 3,087 at the 2000 census. The United States Postal Service ZIP code is 65360....
) at first housed in a portable trailer then eventually a one-story brick building still in use today. Publicity over the unusual name eventually led to deposits totalling over $2 million dollars (US). However an expected business boom from nearby Truman Reservoir never materialized and the bank fell victim to armed robbery twice in the 1990s. Thus in November 2006, UMB, the banks owner at the time, announced that the Tightwad branch bank would close and accounts would be shuffled to UMB locations in Warsaw
Warsaw, Missouri
Warsaw is a city located in Benton County, Missouri. As of the 2000 census, the city had a total population of 2,070. It is the county seat of Benton County. As of 2005, its estimated population was 2,268.-State and U.S. records:...
and Clinton, Missouri
Clinton, Missouri
Clinton is a city in Henry County, Missouri, United States. The city was named for New York Governor DeWitt Clinton. The population was 9,311 at the 2000 census. It is the county seat of Henry County.-Geography:Clinton is located at...
.
In May 2008, Tightwad Bank was reopened, under new ownership, as an FDIC insured institution. The bank is a full-service branch of the former Reading State Bank, Reading, Kansas
Reading, Kansas
Reading is a city in Lyon County, Kansas, United States. As of the 2010 census, the city population was 231. It is part of the Emporia Micropolitan Statistical Area.-History:...
. To capitalize on the noteriety of the unusual name, the Reading locations' name was changed to Tightwad Bank as well. "We're seeking the customers with a sense of humor", admitted bank co-owner Donald Higdon in a 2008 interview with The Washington Post.
In 2010 the two locations of Tightwad Bank reported combined deposits of over $20 million dollars (US).