SC 13G 1 k02629sc13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 ANNUAL FILING PRINCETON NATIONAL BANCORP, INC. (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 742282-10-6 (CUSIP NUMBER) 12-31-05 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13d-1(b) ( ) RULE 13d-1(c) ( ) RULE 13d-1(d) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON'S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). Page 1 of 5 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON CITIZENS FIRST NATIONAL BANK OF PRINCETON (36-0917979) WITH JESCO & CO. (36-6538241) AS NOMINEE 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP A ----- B ----- 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION FEDERALLY CHARTERED NATIONAL BANKING ASSOCIATION 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 0 SHARES 7. SOLE DISPOSITIVE POWER 31,010 SHARES 8. SHARED DISPOSITIVE POWER 149,125 SHARES 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 180,135 SHARES 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% 12. TYPE OF REPORTING PERSON BK Page 2 of 5 ITEM 1. (A) NAME OF ISSUER: PRINCETON NATIONAL BANCORP, INC. (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 606 SOUTH MAIN STREET, PRINCETON, IL 61356 ITEM 2. (A) NAME OF PERSON FILING: CITIZENS FIRST NATIONAL BANK OF PRINCETON, ILLINOIS NOMINEE: JESCO & CO. (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE 606 SOUTH MAIN STREET, PRINCETON, IL 61356 (C) CITIZENSHIP FEDERALLY CHARTERED NATIONAL BANKING ASSOCIATION (D) TITLE OF CLASS OF SECURITIES COMMON STOCK (E) CUSIP NUMBER: 742282-10-6 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13D-1(B) OR SECTION 240.13(D)-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: (B) X BANK AS DEFINED IN SECTION 3(A)(6) OF THE EXCHANGE ACT. --- Page 3 of 5 ITEM 4. OWNERSHIP (A) AMOUNT BENEFICIALLY OWNED 180,135 SHARES (B) PERCENT OF CLASS 5.4% (C) NUMBER OF SHARES AS TO WHICH THE PERSON HAS: (I) SOLE POWER TO VOTE OR DIRECT THE VOTE 0 SHARES (II) SHARED POWER TO VOTE OR DIRECT THE VOTE 0 REPRESENTING ALLOCATED SHARES (III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 31,010 SHARES (IV) SHARED POWER TO DISPOSE OR DIRECT THE DISPOSITION OF 149,125 SHARES ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS NOT APPLICABLE ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON NOT APPLICABLE ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY NOT APPLICABLE ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP NOT APPLICABLE ITEM 9. NOTICE OF DISSOLUTION OF GROUP NOT APPLICABLE Page 4 of 5 ITEM 10. CERTIFICATION THE FOLLOWING CERTIFICATION SHALL BE INCLUDED IF THE STATEMENT IS FILED PURSUANT TO RULE 13D-1(B): BY SIGNING BELOW, I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE WERE ACQUIRED IN THE ORDINARY COURSE OF BUSINESS AND WERE NOT ACQUIRED FOR THE PURPOSE OF AND DO NOT HAVE THE EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF THE ISSUER OF SUCH SECURITIES AND WERE NOT ACQUIRED IN CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION HAVING SUCH PURPOSES OR EFFECT. SIGNATURE AFTER REASONABLE INQUIRY AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, I CERTIFY THAT THE INFORMATION SET FORTH IN THIS STATEMENT IS TRUE, COMPLETE AND CORRECT. FEBRUARY 16, 2006 Jesco & Co. as Nominee for Citizens First National Bank /s/ Robert Schneider ----------------------------------------------------------- (Signature) Robert Schneider, Senior Vice President and Chief Fiduciary Administrative Officer ----------------------------------------------------------- (Printed Name and Title) Page 5 of 5