Board of Directors

Ms. Baudler Horras has served as a Director of the Company since 2000. She is the President of Baudler Enterprises, Inc., dba Sign Pro, a sign and graphics business located in Ames, Iowa, and the former owner and General Manager of radio stations KASI and KCCQ located in Ames, Iowa, and KIKD located in Carroll, Iowa. She has served on First National Bank's Board of Directors since 1991.

Mr. Benson has served as a Director of the Company since 2011. He retired in 2022 from Nyemaster Goode, P.C., a law firm in Ames, Iowa, of which he served as an attorney assisting clients in real estate, estate planning, estate and trust settlement, tax planning, and charitable giving matters. He has served on First National Bank's Board of Directors since 2008.

Ms. Cassabaum has served as a Director of the Company since 2019. She is the Chief Operating and Financial Officer and cofounder of 21st Century Rehab P.C., a provider of physical therapy services with offices predominately located in central Iowa. She has served on State Bank & Trust Co.'s Board of Directors since 2004.

Ms. Eslinger has served as a Director of the Company since 2015. She retired in 2022, last serving as the Chief Financial and Administrative Officer for the Iowa State University Foundation. Prior to joining the Foundation as Controller in 1998, she was a senior manager with the international public accounting firm KPMG LLP, providing audit and consulting services to governmental and not-for-profit entities. She has served on First National Bank's Board of Directors since 2011.

Mr. Forth has served as a Director of the Company since 2007. He owns and operates a large row crop farm in western Story County, Iowa. He has served on Reliance State Bank's Board of Directors since 1999.

Mr. Hagan has served as a Director of the Company since 2017 and was elected as Chairman of the Board in 2022. He retired in 2019 last serving as the Senior Vice President and Treasurer of Fareway Stores, Inc., a privately owned company operating grocery stores in Iowa, Illinois, Minnesota, and Nebraska. Prior to joining Fareway, he was an Executive Vice President and Director of Citizens National Bank in Boone, Iowa, for five years. Mr. Hagan has served Boone Bank & Trust Co.'s Board of Directors since 2015.

Mr. Larson has served as a Director of the Company since 2000. He is President of Larson Development Corporation, a real estate development and property management company located in Ames, Iowa. He retired in 2004 from ACI Mechanical, Inc., a commercial and industrial mechanical contracting and engineering company of which he served as President. He has served on First National Bank's Board of Directors since 1994.

Mr. Nelson has served as a Director of the Company since 2013. He was appointed President and Chief Executive Officer of the Company in 2018 after having served as the Chief Financial Officer and Secretary of the Company since 1999. He currently serves as Chairman of the Board of State Bank & Trust Co. and United Bank & Trust. He is also a member of the board of directors of both First National Bank and Iowa State Savings Bank.

Mr. Pierschbacher has served as a Director of the Company since 2018. He was appointed Chief Financial Officer and Secretary of the Company in 2018 after having served as Controller since 2008. Prior to joining the Company, Mr. Pierschbacher served as a Director with RSM, US LLP, and as Chief Financial Officer of a publicly traded bank holding company in Iowa. He also currently serves as Chairman of the Board of Boone Bank & Trust Co and Reliance State Bank.

Mr. Swartz has served as a Director of the Company since 2016. He retired in 2020, last serving as the Chief Executive Officer of Wolfe Clinic PC, a medical clinic headquartered in Marshalltown, Iowa, that specializes in treating eye conditions. Mr. Swartz continues as a special project consultant for Wolfe Clinic, PC. Mr. Swartz has served on United Bank & Trust's Board of Directors since 2003.