After serving on Ames National Corporation's Board of Directors for 15 years and as Chairman of the Board for five years, Thomas H. Pohlman has elected to resign as Chairman of the Board. Mr. Pohlman will remain on the Company's Board of Directors until the end of his current term which expires April of 2023. The Board of Directors appointed Patrick G. Hagan as Chairman of the Board beginning May 12, 2022.

Pohlman will work closely with Mr. Hagan before his term ends to facilitate a smooth transition of his leadership role. Mr. Hagan has served as a director of the Company since 2017 and as director of the Company's affiliate Boone Bank & Trust Co. since 2015.

Mr. Hagan brings a wealth of leadership, business and banking experience. He retired in 2019, last serving as the Senior Vice President and Treasurer of Fairway Stores Inc., a privately owned company operating grocery stores in Iowa, Illinois, Kansas, Minnesota, South Dakota, and Nebraska.