SOURCE: Princeton National Bancorp, Inc.

February 28, 2007 13:04 ET

Princeton National Bancorp, Inc.'s Subsidiary Bank Adds 21st Office

PRINCETON, IL -- (MARKET WIRE) -- February 28, 2007 -- Princeton National Bancorp, Inc. (NASDAQ: PNBC)

Citizens First National Bank, a subsidiary of Princeton National Bancorp, Inc., now has 21 locations. On February 24, 2007 it opened its newest office in Plainfield, Illinois, located at 14429 South Route 30. An agreement to purchase the Plainfield office of HomeStar Bank (Manteno, IL) was signed in late 2006. This acquisition provides another convenient location for customers in the Aurora, Oswego, Plainfield, Shorewood and Minooka areas. The office is located within 5 miles of the bank's Aurora office and 10 miles of the Minooka office.

"Citizens is excited to add the existing staff of the Plainfield office to its team. They will continue to do what they do best -- serve the customers and the community. We believe Citizens' commitment to quality products and services, as well as our goal of exceeding customers' expectations, will serve us well in the Plainfield area. An integral part of the philosophy of Citizens First National Bank is the commitment to the communities it serves and to the strong growth of the local economy," said Tony J. Sorcic, President and CEO of Citizens First National Bank.

Craig O. Wesner, Chairman of the Board of Directors of Princeton National Bancorp, Inc., stated, "The addition of the Plainfield branch will build on our goal of having a network of strong community banks in northeastern Illinois. The Plainfield market has been in our sights for some time and we believe this is an excellent way to enter that market."

Citizens provides a complete range of financial services from its community banking offices located in Princeton, Peru, Oglesby, Spring Valley, DePue, Henry, Aurora, Genoa, Hampshire, Huntley, Millbrook, Minooka, Newark, Plainfield, Plano, Somonauk and Sandwich. Citizens First National Bank is a $1 billion, full-service community bank and a member of the Federal Deposit Insurance Corporation (FDIC). For a closer look at Citizens, log on to www.citizens1st.com.

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