SOURCE: Princeton National Bancorp, Inc.

October 29, 2007 14:10 ET

Princeton National Bancorp, Inc. Increases Dividend by 4% in Comparison to November 2006

PRINCETON, IL--(Marketwire - October 29, 2007) - Princeton National Bancorp, Inc. (NASDAQ: PNBC)

The Board of Directors declared a $.27 per share dividend, payable November 26, 2007, to those shareholders of record as of November 2, 2007. This represents a 4% increase over the November 2006 dividend and is comparable to the August 2007 dividend. This is the Company's 91st consecutive dividend.

President Tony J. Sorcic stated, "The Company is pleased to share its success with our shareholders. The 2007 annual dividend of $1.08 represents a 3% increase over the 2006 dividend and 5% over 2005. The Board of Directors has increased the dividend seven out of the last twelve quarters. This is also the eighth consecutive year PNBC has increased the annualized dividend to shareholders."

Princeton National Bancorp, Inc. is the parent holding company of Citizens First National Bank, a $1.060 billion community bank with strategic locations in 8 counties in northern Illinois. The Company is well-positioned in the high growth counties of Will, Kendall, Kane, Grundy, DeKalb and LaSalle plus Bureau and Marshall. Communities include: Aurora, DePue, Genoa, Hampshire, Henry, Huntley, Millbrook, Minooka, Newark, Oglesby, Peru, Plainfield, Plano, Princeton, Sandwich, Somonauk and Spring Valley. The Subsidiary Bank, Citizens First National Bank, provides financial services to meet the needs of individuals, businesses and public entities.

Contact Information

  • Inquiries should be directed to:
    Lou Ann Birkey
    Vice President - Investor Relations
    Princeton National Bancorp, Inc.
    (815) 875-4444
    E-Mail address: Email Contact