Date: 11/14/2022

Title: Ames National Corporation Declares a Cash Dividend (11/14/2022)

AMES NATIONAL CORPORATION DECLARES A CASH DIVIDEND

On November 9, 2022, the Ames National Corporation declared a cash dividend of $0.27 per common share. The dividend is payable February 15, 2023, to shareholders of record at the close of business on February 1, 2023.

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]