Tightwad Bank Closing

1 decade 3 years 6 months ago Monday, November 20 2006 Nov 20, 2006 Monday, November 20, 2006 1:41:14 PM CST November 20, 2006 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
KANSAS CITY (AP) - A small-town bank that drew $2.2 million in deposits from around the country because of its unusual name will close in January. Tightwad Bank opened on a shoestring 22 years ago in the small community of the same name along Missouri 7 halfway between Clinton and Warsaw. It became a novelty that attracted mail-in customers from throughout the U-S. UMB Bank Warsaw, which operates the Tightwad branch office, is cutting costs and urged customers to do their banking at UMB's branches in Clinton and Warsaw. News of the bank spread rapidly after it opened in 1984, and people would mail in checks for deposit in exchange for a batch of Tightwad Bank checks.

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