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Ames National Corp
323 6th Street
Phone: (515) 232-6251p:515 232-6251 AMES, IA  50010  United States Ticker: ATLOATLO

Business Summary
Ames National Corp is a bank holding company. The Company owns 100% of the stock of six bank subsidiaries consisting of one national bank and five state-chartered banks: First National Bank, Ames, Iowa (FNB); State Bank & Trust Co., Nevada, Iowa (SBT); Boone Bank & Trust Co., Boone, Iowa (BBT); Reliance State Bank, Story City, Iowa (RSB); United Bank & Trust Co., Marshalltown, Iowa (UBT); and Iowa State Savings Bank, Creston, Iowa. The Banks lending activities consist primarily of short-term and medium-term commercial, multifamily and agricultural real estate loans, residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans and origination of mortgage loans for sale into the secondary market. The Bank also offers a variety of checking, savings and time deposits, cash management services, merchant credit card processing, and safe deposit boxes.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
Yes--Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/202412/31/2024YesYes---

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Chairman of the Board Patrick G.Hagan 68 5/11/2022 1/1/2017
President, Chief Executive Officer, Director John P.Nelson 58 12/31/2018 1/1/2013
Chief Financial Officer, Secretary Justin C.Clausen 37 7/5/2024 7/5/2024
11 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
United Bank & Trust National Association 2101 SOUTH CENTER STREET MARSHALLTOWN IA United States
RELIANCE STATE BANK 606 BROAD ST STORY CITY IA United States
FIRST NATIONAL BANK 405 5th St Ames Iowa United States
BOONE BANK AND TRUST 716 8th St Boone Iowa United States
STATE BANK AND TRUST CO 1025 6th St Nevada Iowa United States

Business Names
Business Name
ATLO
Boone Bank and Trust Co.
First National Bank
5 additional Business Names available in full report.

General Information
Number of Employees: 249 (As of 12/31/2024)
Outstanding Shares: 8,915,557 (As of 3/1/2025)
Shareholders: 3,876
Stock Exchange: NASD
Federal Tax Id: 421039071
Fax Number: (515) 663-3033


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Tuesday, April 8, 2025