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
September
11, 2008
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 or Former Address, if Changed Since Last Report)
Item
8.01 Other Events.
In
connection with the action taken by the United States Treasury Department and
the Federal Housing Finance Agency with respect to the Federal National Mortgage
Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie
Mac), Ames National Corporation (the Company) announced today it will be taking
an additional impairment charge in the third quarter of 2008 for investments in
perpetual preferred securities issued by Fannie Mae and Freddie
Mac. The Company’s preferred investments in Fannie Mae and Freddie
Mac are included in securities available for sale with an amortized cost of $6.7
million. These securities currently have a market value of five to
ten percent of the amortized cost of $6.7 million. The Company does
not hold any common or any other equity securities issued by Fannie Mae or
Freddie Mac.
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: Septemer
11, 2008
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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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