secwatch / observer
8-K filed April 26, 2024, 7:59 PM ET ticker ATLO CIK 0001132651
debt confidence high sentiment neutral materiality 0.40

AMES NATIONAL CORP (ATLO): debt financing — Ames National Corp enters $5M revolver, elects directors at annual meeting

AMES NATIONAL CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMES NATIONAL CORP incurred revolving credit of up to five million dollars with Green Belt Bank & Trust of Iowa Falls, Iowa at variable rate equal to the Bank Prime Loan Rate, as published in the Federal Res maturing April 25, 2026.

Instrument
revolving credit
Principal
up to five million dollars
Counterparty
Green Belt Bank & Trust of Iowa Falls, Iowa
Rate
variable rate equal to the Bank Prime Loan Rate, as published in the Federal Res
Maturity
April 25, 2026
Event
incurrence
Exact text from the filing
On April 25, 2024, Ames National Corporation (the “Company”) entered into a promissory note and related business loan agreement (collectively, the “Credit Agreement”) with Green Belt Bank & Trust of Iowa Falls, Iowa (the “Lender”), providing for a revolving line of credit facility in an amount of up to five million dollars maturing on April 25, 2026.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMES NATIONAL CORP entered into Credit Agreement with Green Belt Bank & Trust of Iowa Falls, Iowa valued at five million dollars (effective 2024-04-25).

Action
entry
Agreement
credit facility
Counterparty
Green Belt Bank & Trust of Iowa Falls, Iowa
Value
five million dollars
Effective
2024-04-25
Exact text from the filing
On April 25, 2024, Ames National Corporation (the “Company”) entered into a promissory note and related business loan agreement (collectively, the “Credit Agreement”) with Green Belt Bank & Trust of Iowa Falls, Iowa (the “Lender”), providing for a revolving line of credit facility in an amount of up to five million dollars maturing on April 25, 2026.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

AMES NATIONAL CORP shareholders approved Election of Directors for a three-year term at the 2024-04-24 meeting.

Proposal
director election
Outcome
passed
Meeting
2024-04-24
Exact text from the filing
The voting results on the election of directors for a three-year term were as follows: In Favor Votes Withheld Broker Non-Votes Lisa M. Eslinger 3,645,838 253,254 2,942,797 Everett S. Miles 3,829,991 69,101 2,942,797 John L. Pierschbacher 3,669,699 229,393 2,942,797 Scot A. Trost 3,852,329 46,763 2,942,797
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

AMES NATIONAL CORP shareholders approved Ratification of the appointment of FORVIS, LLP as the Company's independent registered public accounting firm for 2024 at the 2024-04-24 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2024-04-24
Exact text from the filing
The voting results on the ratification of the appointment of FORVIS, LLP as the Company’s independent registered public accounting firm were as follows: For Against Abstain 6,786,741 18,161 36,987
View on SEC.gov

304 debt financings filed in the last 30 days. Browse all debt financings →

AMES NATIONAL CORP filing history →

Source: SEC EDGAR
accession 0001437749-24-013415
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