Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE | CONTACT: | JOHN P. NELSON |
PRESIDENT | ||
(515) 232-6251 |
October 15, 2020
AMES NATIONAL CORPORATION DECLARED CASH DIVIDEND
AMES, IOWA – On October 14, 2020 Ames National Corporation (the “Company”) declared a cash dividend of $0.25 per common share. The dividend is payable November 13, 2020, to shareholders of record at the close of business on October 30, 2020.
Ames National Corporation is listed on the NASDAQ Capital Market under the ticker symbol, ATLO. The Company’s affiliate banks include: First National Bank, Ames, Iowa; Boone Bank & Trust Co., Boone, Iowa; State Bank & Trust Co., Nevada, Iowa; Iowa State Savings Bank, Creston, Iowa; Reliance State Bank, Story City, Iowa; and United Bank & Trust NA, Marshalltown, Iowa. Additional information about the Company can be found at www.amesnational.com.