form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
January
22, 2010
Date of
Report (Date of Earliest Event Reported)
AMES
NATIONAL CORPORATION
(Exact
Name of Registrant as Specified in its Charter)
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IOWA
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0-32637
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42-1039071
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(State
or Other Jurisdiction of Incorporation or Organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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405
FIFTH STREET
AMES,
IOWA 50010
(Address
of Principal Executive Offices)
Registrant’s
Telephone Number, Including Area Code: (515) 232-6251
NOT
APPLICABLE
(Former
Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)
Item
2.02 Results of Operations and Financial Condition
Item
7.01 Regulation FD Disclosure
The
following information is furnished pursuant to Items 2.02 and 7.01:
On
January 22, 2010, Ames National Corporation issued a News Release announcing
financial results for the three and twelve months ended December 31,
2009. A copy of the News Release is attached hereto as Exhibit
99.1.
Item
8.01 Other Events
On July
16, 2008, the Company’s lead bank, First National Bank (“First National”),
entered into an informal Memorandum of Understanding with the Office of the
Comptroller of the Currency (“OCC”) regarding First National’s commercial real
estate loan portfolio, including actions to be taken with respect to commercial
real estate risk management procedures, credit underwriting and administration,
appraisal and evaluation processes, problem loan management, credit risk ratings
recognition and loan review procedures. Since entering into the
Memorandum, management has been actively pursuing the corrective actions
required by the Memorandum in an effort to address the deficiencies noted in
administration of its commercial real estate loan portfolio. On
January 14, 2010, the OCC terminated the Memorandum of
Understanding. The individual minimum capital ratios established for
First National by the OCC by letter of March 16, 2009 remain in
effect.
Item
9.01 Financial Statements and Exhibits
d) The
following exhibit is furnished as part of this Report:
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Exhibit No.
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Description
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99.1
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News
Release dated January 22, 2010
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
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AMES
NATIONAL CORPORATION
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Date: January
22, 2010
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By:
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/s/ Thomas H. Pohlman
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Thomas
H. Pohlman, President
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(Principal
Executive Officer)
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EXHIBIT
INDEX
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Exhibit No.
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Description
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News
Release dated January 22, 2010
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