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Date: 2/19/2018

Title: President & CEO, Thomas Pohlman, Announces his Upcoming Retirement (2/15/18)

President & CEO, Thomas Pohlman Announces his Upcoming Retirement

 

Thomas H. Pohlman has announced his retirement as President and Chief Executive Officer (“CEO”) of Ames National Corporation effective June 29, 2018. Mr. Pohlman will continue to serve as the Chairman of the Board of Directors of the Company and as a member of the First National Bank Board of Directors. His retirement will mark the culmination of a 40-year career in banking.

Pohlman commented, "When you work a lifetime in the financial industry, you know that relationships are what make this career rewarding. Ames National Corporation is a strong and stable organization focused on helping customers, employees and shareholders succeed. It's been a challenging and motivating environment in which to work, and I’ve enjoyed being part of a growing and expanding community bank." 

John P. Nelson currently serving as Chief Financial Officer (“CFO”), Executive Vice President, Chief Operating Officer, Secretary and director of the Company, will continue as a director of the Company and assume the role of President and CEO of the Company effective June 29, 2018. Mr. Nelson has served as CFO for the Company since 1999 and as director since 2013. Mr. Nelson was a commissioned bank examiner for the Federal Deposit Insurance Corporation prior to joining the Company as Auditor in 1993 and brings a high level of qualification with respect to banking, accounting and regulatory matters. In addition to his banking experience, Mr. Nelson currently serves as the President of the Gilbert Community Schools Board.

"Ames National Corporation is in good hands," Pohlman said. "I have worked closely with John over the past 20 years and know his experience, dedication and focus on Ames National Corporation’s core values will position him for success as President & CEO."

As Mr. Nelson assumes the role as President & CEO, John L. Pierschbacher will become CFO and Secretary of the Company effective June 29, 2018. Mr. Pierschbacher has served as Controller for the Company since 2008. Prior to joining the Company, Mr. Pierschbacher served as a director with RSM US LLP, formerly known as McGladrey & Pullen, LLP, for thirteen years and as CFO of a publicly-traded bank holding company in Iowa for twelve years.

Ames National Corporation would like to thank Tom for his many years of service to Ames National Corporation. His knowledge, dedication and commitment to clients and employees will truly be missed.

 

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, Reliance State Bank, Story City, and United Bank & Trust, 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:
Thomas H. Pohlman, President and CEO
(515) 232-6251 or Tom.Pohlman@amesnational.com