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PRINCETON NATIONAL BANCORP, INC. (PNBC) was incorporated as a Delaware corporation in 1981 in contemplation of the acquisition of all the outstanding common stock of CITIZENS FIRST NATIONAL BANK (CFNB) and other future acquisitions. Since the formation of the holding corporation, PNBC has completed six acquisitions and has subsequently merged the banks acquired into Citizens First National Bank, its subsidiary. In 1986, PNBC acquired Genoa State Bank located just outside of the western suburbs of Chicago.
In 1988, PNBC acquired USA Firstrust, Inc., which gave PNBC a market presence in Oglesby and the LaSalle/Peru area. In 1992, PNBC acquired Illinois Valley Bancshares, Inc., which expanded its presence in the Princeton and Peru area and added a location in DePue.
In 1994, PNBC acquired Heart of Illinois Investment Corp., with branches in Spring Valley, Henry, Plano and Princeton. In 1996, PNBC acquired all of the deposits, equipment and facility of the Sandwich branch of Superior Bank, FSB. In 2005, PNBC acquired Somonauk FSB Bancorp, Inc., which expanded its presence in Sandwich and added locations in Somonauk, Newark, Millbrook, and a branch under construction in Plano. The Plano facility was opened in October 2005. In February of 2007, CFNB acquired the Plainfield office, loans and deposits of HomeStar Bank.
PNBC operates CFNB as a community bank, with offices located for convenience with professional, highly motivated, progressive employees who know the Bank's customers and are able to provide individualized, quality service. As part of its community banking approach, officers of the Bank actively participate in community organizations. In addition, within certain credit and rate of return parameters, PNBC strives to meet the lending needs of the communities in which offices are located and this is the reason one of the best portfolio management software systems available are used there. The Bank also invests in local and municipal securities. CFNB was organized in 1865 as a national bank under The National Bank Act. Citizens First National Bank has twenty-one locations in seventeen different communities in North Central Illinois: Princeton, Aurora, DePue, Genoa, Hampshire, Henry, Huntley, Millbrook, Minooka, Newark, Oglesby, Peru, Plainfield, Plano, Sandwich, Somonauk, and Spring Valley.
CFNB serves individuals, businesses and governmental bodies in Bureau, DeKalb, Grundy, Kane, Kendall, LaSalle, Marshall, Will and contiguous counties. CFNB operates a full-service community commercial bank and trust business that offers a broad range of financial services to customers.
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