Date: 6/22/2022

Title: Ames National Corporation Completes Stock Repurchase Program (06/22/22)

AMES NATIONAL CORPORATION COMPLETES STOCK REPURCHASE PROGRAM

Ames National Corporation (the “Company”) announced today that the stock repurchase program approved in November 2021 was completed on June 17, 2022.  The Company purchased 100,000 shares at an average price of $23.01 per share. The program was conducted under the provisions of SEC Rule 10b-18 which provides a “safe harbor” from liability for manipulation of the stock price by reason of the manner, timing, price and volume of purchases in the open market.

 

About Ames National Corporation

Ames National Corporation is listed on the NASDAQ Capital Market under the ticker symbol, ATLO. The Corporation affiliate banks, all located in central Iowa, include: First National Bank, Ames; Boone Bank & Trust Co., Boone; State Bank & Trust Co., Nevada; Iowa State Savings Bank, Creston; Reliance State Bank, Story City; and United Bank & Trust Co., Marshalltown. Information regarding the process for purchasing stock can be obtained through Richard Nelson at First Point Wealth Management, (515) 663-3074.

For further information contact:
John P. Nelson, President and CEO
(515) 232-6251 or [email protected]