8-K

UNITED STATES
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) September 29, 2009 (September 25, 2009)

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     On September 25, 2009, Princeton National Bancorp, Inc. (the “Company”) announced the appointment of Thomas D. Ogaard, Executive Vice President & Banking Group Manager, to the Company’s board of directors and also to the board of its subsidiary bank, Citizens First National Bank (the “Bank”). The Company has not yet determined the committees on which Mr. Ogaard will serve. The Company’s press release announcing Mr. Ogaard’s appointment is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits:
	Exhibit 99.1 Press Release

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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: September 29, 2009

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EXHIBIT INDEX

Number	Description
Exhibit 99.1	Press Release

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EX-99.1

Exhibit 99.1

Princeton National Bancorp, Inc. and
Citizens First National Bank
Appoint New Director

September 25, 2009: 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 Bachelors 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: pnbc@citizens1st.com

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