In May 2008, Tightwad Bank was reopened, under new ownership, as an FDIC insured institution. As of July 2018 Tightwad Bank in Tightwad Missouri is closed. Tightwad is a village in Henry County, Missouri, United States. "Tightwad Ted," as he was affectionately dubbed, kept his word. Thousands packed Tightwad Hill above a sold out California Memorial Stadium. Tightwad is located along Missouri Route 7. Tightwad was originally called Edgewood, for the woods near the original town site.