Thomas H. Pohlman has announced his retirement as President and Chief Executive Officer 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. John P. Nelson currently serving as Chief Financial Officer, 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. John L. Pierschbacher (age 58) currently serving as Controller of the Company, will assume the role of 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.