Princeton National Bancorp, Inc. and Citizens First National Bank Appoint New Director
September 25 2009 - 2:05PM
Marketwired
Princeton National Bancorp, Inc. (NASDAQ: PNBC), the holding
company of Citizens First National Bank, today reported the
appointment of Thomas D. Ogaard to the Board of Directors of both
the holding company and bank.
Ogaard, who joined the Company in August as Executive Vice
President & Banking Group Manager, has experience in all areas
of banking. Ogaard started his career in banking in 1978 and most
recently was employed by State Bank of Park Rapids in Park Rapids,
Minnesota as Executive Vice President & Chief Loan Officer.
Chairman Craig O. Wesner commented, "Mr. Ogaard's background in
banking will be an asset to the Board of Directors. He will be a
good addition to the current fine members serving our Company."
President Tony J. Sorcic stated, "The Company is fortunate to
have someone with Mr. Ogaard's qualifications join the Board of
Directors. He has a strong background in banking and fills a
vacancy we have had on the Board. Management and the Board look
forward to continuing our successful performance."
Ogaard has a Bachelor's of Science in Business Administration
from Bemidji State University, in Bemidji, Minnesota. He has been
active in such organizations as Chambers of Commerce, Habitat for
Humanity, United Way, Junior Achievement, and has served as a youth
baseball, softball and hockey coach and as treasurer, board member
and a member of the finance committee of his church. Tom and his
wife Mary Kay have five children, Jennifer (31), Jason (27), Katie
(23), Alissa (22), and Whitney (17).
Princeton National Bancorp, Inc. is the parent holding company
of Citizens First National Bank, a $1.258 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.
This press release contains certain forward-looking statements,
including certain plans, expectations, goals, and projections,
which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements are identified by
the use of words such as 1) believes, 2) anticipates, 3) estimates,
4) expects, 5) projects or similar words. Actual results could
differ materially from those contained or implied by such
statements for a variety of factors including: changes in economic
conditions; movements in interest rates; competitive pressures on
product pricing and services; success and timing of business
strategies; the nature, extent, and timing of governmental actions
and reforms; and extended disruption of vital infrastructure. The
figures included in this press release are unaudited and may vary
from the audited results.
Inquiries should be directed to: Lou Ann Birkey Vice President -
Investor Relations Princeton National Bancorp, Inc. (815) 875-4444
E-Mail address: Email Contact
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