-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G9ox4N8j8iA2MpVHvx8ydQ5RTSuEDlgt06SwLSsooZxdxUZAm3BQXD3EMY5Np0IR qAEnwTEQ99eAHdNGzW/SYg== 0000895813-97-000177.txt : 19970801 0000895813-97-000177.hdr.sgml : 19970801 ACCESSION NUMBER: 0000895813-97-000177 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970728 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970731 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRINCETON NATIONAL BANCORP INC CENTRAL INDEX KEY: 0000707855 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 363210283 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20050 FILM NUMBER: 97648931 BUSINESS ADDRESS: STREET 1: 606 S MAIN ST CITY: PRINCETON STATE: IL ZIP: 61356 BUSINESS PHONE: 8158754444 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 28, 1997 ----------------------- Princeton National Bancorp, Inc. ---------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware ---------------------------------------------------------------------- (State or other jurisdiction of incorporation) 0-20050 36-3210283 -------------------------------- -------------------------------- (Commission File Number) (IRS Employer Identification No.) 606 South Main Street Princeton, Illinois 61356 ---------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (815) 875-4444 ---------------------- Exhibit Index is located on page 4. 1 ITEM 5. OTHER EVENTS On July 28, 1997, the Registrant issued a press release relating to the implementation of a stock repurchase program whereby the Registrant may repurchase from time to time up to 3% of its outstanding shares of common stock in the open market or in private transactions over the next twelve months. For information regarding the stock repurchase program, reference is made to the press release dated July 28, 1997, which is attached hereto as Exhibit 99 and incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits: Exhibit 99 July 28, 1997 Press Release 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PRINCETON NATIONAL BANCORP, INC. (Registrant) By: /s/ Tony J. Sorcic ------------------------------------- Tony J. Sorcic, President and Chief Executive Officer Dated: July 31, 1997 3 EXHIBIT INDEX Number Description ------ ----------- 99 July 28, 1997 Press Release 4 EX-99 2 EXHIBIT 99 ---------- NEWS RELEASE - PRINCETON NATIONAL BANCORP, INC. PRINCETON NATIONAL BANCORP, INC. ANNOUNCES REPURCHASE PROGRAM PRINCETON, ILLINOIS. JULY 28, 1997. Princeton National Bancorp, Inc. (The Nasdaq Stock Market: PNBC) today announced that it is implementing a repurchase program whereby the Company may repurchase from time to time up to 3% of its outstanding shares of common stock in the open market or in private transactions over the next twelve months. Purchases will be dependent upon market conditions and the availability of shares. The Company currently has 2,725,708 outstanding shares of common stock. Tony J. Sorcic, President & Chief Executive Officer of the Company, stated that the repurchase program represents an attractive use of capital relative to other investment alternatives and benefits both the Company and the shareholders. At June 30, 1997, the Company had total consolidated assets of $428.5 million and consolidated stockholders' equity of $41.8 million. The Company's subsidiary, Citizens First National Bank, has community banking offices in Princeton, Peru, Genoa, Oglesby, Spring Valley, Sandwich, Henry, Minooka, Plano, DePue and Hampshire. ---------------------------------------------------------------------- Inquiries should be directed to: Lou Ann Birkey Secretary Princeton National Bancorp, Inc. 606 S. Main Street Princeton, IL 61356 (815) 875-4444 -----END PRIVACY-ENHANCED MESSAGE-----