- CEO
- Thomas Ogaard
- Full Time Employees
- 260
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 606 South Main Street Princeton United States of America
- IPO Date
- Dec 12, 2022
- Business
- Princeton National Bancorp, Inc. (PNBC) operates as a bank holding company that conducts full-service community commercial banking and trust services through its subsidiary, Citizens First National Bank (CFNB), in north central Illinois. CFNB, originally organized in 1865 under the National Bank Act, offers commercial, real estate, and agricultural loans; consumer deposit and financial services; and trust, brokerage, insurance, and farm management services to individuals, businesses, and governmental bodies in Bureau, DeKalb, Grundy, Kane, Kendall, LaSalle, Marshall, Will, and contiguous counties. The bank maintains 21 branches across 17 communities, including Princeton, Aurora, DePue, Genoa, Hampshire, Henry, Huntley, Millbrook, Minooka, Newark, Oglesby, Peru, Plainfield, Plano, Sandwich, Somonauk, and Spring Valley; PNBC, incorporated in Delaware in 1981, is headquartered in Princeton, Illinois. Through historical expansions via six acquisitions merged into CFNB—including Genoa State Bank in 1986, USA Firstrust in 1988, Illinois Valley Bancshares in 1992, Heart of Illinois Investment Corp. in 1994, the Sandwich branch of Superior Bank in 1996, Somonauk FSB Bancorp in 2005, and HomeStar Bank's Plainfield operations in 2007—PNBC emphasizes community involvement, localized lending within credit parameters, investments in local and municipal securities, and advanced portfolio management. Currently, PNBC reports no significant ongoing operations following the cessation of active banking activities by CFNB, with its common stock trading at nominal value on OTC markets amid an SEC suspension of trading.