Ames National Corp

General Ames National Corporation is an Iowa corporation and bank holding company. The company owns 100% of the stock of six bank subsidiaries: one national bank and five state-chartered banks. All of the company's operations are conducted in the State of Iowa, primarily within the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union, where its banking subsidiaries are located. The company's business activities are limited to owning its banking subsidiaries and managing its own loan portfolios. The company was organized and incorporated on January 21, 1975, to serve as a holding company for its principal banking subsidiary, First National Bank, Ames, Iowa. In 1983, the company acquired State Bank & Trust Co. in Nevada, Iowa. In 1991, through Boone Bank & Trust Co., the company acquired certain assets and assumed certain liabilities of the former Boone State Bank & Trust Company in Boone, Iowa. In 1995, the company acquired Reliance State Bank in Story City, Iowa. In 2002, the company chartered and began operations of United Bank & Trust Co. in Marshalltown, Iowa. In 2019, the company acquired Iowa State Savings Bank in Creston, Iowa. These six financial institutions—First National, State Bank, Boone Bank, Reliance Bank, United Bank, and Iowa State Bank—are each operated as wholly-owned subsidiaries.