BNET Industries

Market Cap:$190.3M
Last Fiscal Year Sales:$54.5M
  • Public
  • US
Dow Jones Description

Ames National Corporation is a multi-bank holding company with five central Iowa banks operating in eight communities from twelve banking offices. The Corporation was established in 1975 to serve as a holding company for First National Bank, Ames, Iowa. Since that time, State Bank & Trust Co., Nevada, Boone Bank & Trust Co., Boone, Randall-Story State Bank, Story City, and United Bank & Trust, Marshalltown have affiliated with the Corporation. With total assets of $838 million as of December 31, 2006, the Corporation is the 7th largest Iowa-based commercial bank holding company and ranks 9th among all commercial banking organizations operating in Iowa based on total deposits.

President of Boone Bank
Jeffrey K. Putzier
Number of Employees 180
Contact Information

405 5th St Box 846

Ames, Iowa 50010

amesnational.co...

(515) 232-6251

NAICS Code Commercial Banking: 522110

Decision Makers

Name (plus bio) Position
Jeffrey K. Putzier President of Boone Bank
Rick J. Schreier President
Scott T. Bauer President
Timothy J. Lupardus Asst President & Information Systems Manager
John P. Nelson CFO & Vice President
Terrill L. Wycoff Executive Vice President
Colin T. Richey Kevin G. Deardorff Vice President & Technology Director
Jacki Foley Vice President, HR
Jennifer J. Thompson Assistant Vice President & Director, HR
Kevin Deardoff Vice President, Technology Director
Kevin G. Deardorff Vice President & Director, Technical
Tracy W. Laws Assistant Vice President, Auditor
Daniel L. Krieger Information Technology Technician
Lisa K. Robinson Auditor

Board of Directors

Name (plus bio) Position
Marvin J. Walter Chair
Baudler Horras Board of Directors
Betty A. Baudler Board of Directors
Betty A. Baudler Horras Board of Directors
Betty A. Baudler Horras Board of Directors
Charles D. Jons Board of Directors
Douglas C. Gustafson Board of Directors
Fred C. Samuelson Board of Directors
Frederick C. Samuelson Board of Directors
James R. Larson II Board of Directors
Jami R. Larson Board of Directors
Larry A. Raymon Board of Directors
Robert L. Cramer Board of Directors
Steven D. Forth Board of Directors
Thomas H. Pohlman Board of Directors
Warren R Madden Board of Directors

Organization Position Status
Ames National Corporation President of Boone Bank Current

Organization Position Status
Ames National Corporation President Current

Organization Position Status
Ames National Corporation President Current

Organization Position Status
Ames National Corporation President & Information Systems Manager Current
Ames National Corporation Nicole J. Gebhart Vice President & Marketing Director Former

Organization Position Status
Ames National Corporation CFO & Vice President Current
Ames National Corporation Chairman Current

Organization Position Status
Ames National Corporation Executive Vice President Current

Organization Position Status
Ames National Corporation Kevin G. Deardorff Vice President & Technology Director Current

Organization Position Status
Ames National Corporation Vice President, HR Current

Organization Position Status
Ames National Corporation Assistant Vice President & Director, HR Current

Organization Position Status
Ames National Corporation Vice President, Technology Director Current

Organization Position Status
Ames National Corporation Vice President & Director, Technical Current

Organization Position Status
Ames National Corporation Assistant Vice President, Auditor Current
Ames National Corporation Matthew R. Hackbart Information Systems Assistant Current

Organization Position Status
Ames National Corporation Information Technology Technician Current
Ames National Corporation Board of Directors Current
Ames National Corporation Chairman & President Former

Organization Position Status
Ames National Corporation Auditor Current

Mr.Walter has served as a director of the Company since 1978. He is the President of Dayton Road Development Corporation, a real estate development business located in Ames, Iowa. He has served on the board of directors of First National Bank since 1978.

Organization Position Status
Ames National Corporation Chair Current

Ms. Baudler Horras has served as a director of the Company since 2000. She is the President of Baudler Enterprises, Inc., a sign business located in Ames, Iowa and the former owner and General Manager of radio stations KASI and KCCQ located in Ames, Iowa and KIKD located in Carroll, Iowa. She has served on the board of directors of First National Bank since 1991.

Organization Position Status
Ames National Corporation Board of Directors Current

Organization Position Status
Ames National Corporation Board of Directors Current

Organization Position Status
Ames National Corporation Board of Directors Current

Ms. Baudler Horras has served as a director of the Company since 2000. She is the President of Baudler Enterprises, Inc., a sign business located in Ames, Iowa, and the former owner and General Manager of radio stations KASI and KCCQ located in Ames, Iowa, and KIKD located in Carroll, Iowa. She has served on the board of directors of First National Bank since 1991.

Organization Position Status
Ames National Corporation Board of Directors Current

Dr. Jons has served as a director of the Company since 1996. He retired in 1999 after a 20 year medical practice with McFarland Clinic in Ames, Iowa, and is currently a selfemployed health care consultant. He has served on the board of directors of First National Bank since 1991.

Organization Position Status
Ames National Corporation Board of Directors Current

Dr. Gustafson has served as a director of the Company since 1999. He is a practicing veterinarian and was formerly a partner in Boone Veterinary Hospital located in Boone, Iowa. He has served on the board of directors of Boone Bank & Trust Co. since 1993.

Organization Position Status
Ames National Corporation Board of Directors Current

Mr. Samuelson has served as a director of the Company since 2004. He has been employed since 1971 as President and owner of James Michael & Associates, Inc., a general retail business located in Nevada, Iowa. He also holds management and ownership positions in several other retail businesses with operations located in Iowa, Missouri and Wisconsin. He has served on the board of directors of State Bank & Trust Co. since 1993.

Organization Position Status
Ames National Corporation Board of Directors Current

Organization Position Status
Ames National Corporation Board of Directors Current

Mr. Larson has served as a director of the Company since 2000. He is President of Larson Development Corporation, a real estate development and property management company located in Ames, Iowa. Mr. Larson was elected to the Ames City Council in the fall of 2006. He retired in 2004 from ACI Mechanical, Inc., a commercial and industrial mechanical contracting and engineering company of which he served as President. He has served on the board of directors of First National Bank since 1994.

Organization Position Status
Ames National Corporation Board of Directors Current

Mr. Larson has served as a director of the Company since 2000. He is President of Larson Development Corporation, a real estate development and property management company located in Ames, Iowa. Mr. Larson was elected to the Ames City Council in the fall of 2006. He retired in 2004 from ACI Mechanical, Inc., a commercial and industrial mechanical contracting and engineering company of which he served as President. He has served on the board of directors of First National Bank since 1994.

Organization Position Status
Ames National Corporation Board of Directors Current

Mr. Raymon has served as a director of the Company since 2007. He is owner and Chief Executive Officer of Raymon Enterprises, Inc., an air distribution equipment business located in Albion, Iowa. He has served on the board of directors of United Bank & Trust, N.A. since 2002.

Organization Position Status
United Bank & Trust NA Board of Directors Current
Ames National Corporation Board of Directors Current

Mr. Cramer has served as a director of the Company since 2003. He retired in 2006 after being employed as President of Fareway Stores, Inc., a privately owned company operating grocery stores in Iowa, Illinois and Nebraska. He has served on the board of directors of Boone Bank & Trust Co. since 1999.

Organization Position Status
Ames National Corporation Board of Directors Current

Mr. Forth has served as a director of the Company since 2007. He owns and operates a large row crop farm in western Story County, Iowa. He has served on the board of directors of Randall-Story State Bank since 1999.

Organization Position Status
Randall-Story State Bank Board of Directors Current
Ames National Corporation Board of Directors Current

Mr. Pohlman has served as a director of the Company since 2007. He was named President and Chief Executive Officer of the Company in 2007. He served as President of First National Bank from 2000 until 2008 when he was named Chairman of the Board. He also serves as Chairman of the Board of State Bank and Trust Co. and as Chairman of the Board of United Bank & Trust, N.A. None of the nominees or directors serve as a director of another company whose securities are registered under the Securities Exchange Act of 1934 or a company registered under the Investment Company Act of 1940. There are no family relationships among the Company's directors, nominees for director and executive officers.

Organization Position Status
United Bank & Trust NA Chairman of The Board Current
The State Bank Chairman of The Board Current
Trustco, Inc Chairman of The Board Current
Ames National Corporation Board of Directors Current
Ames National Corporation President & CEO Former

Organization Position Status
Iowa State University Vice President for Business and Finance Current
Ames National Corporation Board of Directors Current
Iowa Public Radio Treasurer Current
University of Chicago MBA Former
Iowa State University B.S. Degree In Engineering Former
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     ATLO $20.18 0.00 (0.00% )
Average Volume 13,999
Shares Outstanding 9.43M
Market Cap 190.4M
Year High 28.79
Year Low 14.87
Earnings Per Share 0.95
P/E Ratio 21.24
Dividend 0.40
Yield 1.98
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