Ames National Corporation announced that Robert L. Cramer and Warren R. Madden will retire as Directors of the company effective as of the end of their current terms of service, which will conclude at the company's annual meeting of shareholders held on April 29, 2015.

On February 11, 2015, the company declared a cash dividend of $0.20 per common share, which is a 11.1% increase from the previous dividend of $0.18 per share. The dividend is payable May 15, 2015, to shareholders of record at the close of business on May 1, 2015.