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==History== Settlement of the western part of Ringgold County began in the 1850s. Maloy was platted in 1887, in the same year as the railroad arrived. Maloy was incorporated as a city in 1901. In 1917, the two-story brick Maloy High School was built; after serving from 1920 to 1952, it became an elementary school in the Mount Ayr Community School District.{{citation needed|date=June 2023}} A major fire on June 17, 1931, razed the Catholic Church, five businesses, a house, and a barn.<ref>Mount Ayr Record-News, June 18, 1931</ref> The school closed in 1972 and was torn down in 1987. The railroad, which once offered both freight and passenger service, was dismantled in 1985.{{citation needed|date=June 2023}}
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