Fourthstone LLC Acquires 7.71% Stake in Ames National Corporation (ATLO)

On May 15, 2026, Fourthstone LLC and associated reporting persons, including L. Phillip Stone, IV, filed a Schedule 13G disclosing a significant new ownership position in Ames National Corporation (ATLO). As of the event date of March 31, 2026, the reporting group collectively beneficially owns 683,250 shares of Common Stock, representing a 7.71% stake in the company. The shares are held across several entities, including Fourthstone Master Opportunity Fund Ltd (534,294 shares), Fourthstone QP Opportunity Fund LP (147,215 shares), and Fourthstone Small-Cap Financials Fund LP (1,741 shares). Fourthstone LLC serves as the investment adviser, while L. Phillip Stone, IV, as Managing Member of Fourthstone LLC and Fourthstone GP LLC, may be deemed to share beneficial ownership of these securities. The filing indicates that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This position represents a substantial increase from a zero-holding status reported in previous periods.