Ames National Corporation declared a cash dividend of $0.21 per common share, which is a 5.0% increase from the previous dividend of $0.20 per share. The dividend is payable May 15, 2016, to shareholders of record at the close of business on May 1, 2016.

Larry A. Raymon will retire as Director of Ames National Corporation effective as of the end of his current term of service, which will conclude at the company's annual meeting of shareholders held on April 27, 2016. Mr. Raymon is no longer eligible to stand for reelection due to the corporate governance policy related to age limitation. Mr. Raymon has served as a director of the Company since 2007.