Todd D. Fanning Named Executive Vice President & Chief Operating Officer & Appointed to the Board of Directors
27 January 2010 - 6:26AM
Marketwired
Princeton National Bancorp, Inc. (NASDAQ: PNBC), the holding
company of Citizens First National Bank.
Princeton National Bancorp, Inc. announced today Todd D. Fanning
has been appointed as Executive Vice President & Chief
Operating Officer and appointed to the Board of Directors of the
Company and the Subsidiary Bank effective February 2, 2010. Mr.
Fanning currently serves as Chief Financial Officer and has an
extensive background in accounting and banking.
President & CEO Tony J. Sorcic stated, "Todd has been an
integral part of management for 19 years and we are very pleased to
announce his promotion and appointment to the Board of Directors.
We look forward to his many future successes in his new role with
the Company and Subsidiary Bank."
Executive Vice President & Banking Group Manager Thomas D.
Ogaard noted, "Since I joined the Bank in August of 2009, Todd has
proven to be an important member of the management team. His
willingness to assume new challenges has made him invaluable. I
look forward to working with Todd as we move the Company
forward."
Chairman Craig O. Wesner stated, "We are fortunate to have
someone with Todd's dedication and qualifications join the Boards
of Directors of the Company and the Subsidiary Bank. We look
forward to his contributions to both Boards."
Mr. Fanning has a Bachelors of Science degree in Accounting from
Illinois State University and obtained his Certified Public
Accounting certification in 1988. He is currently president of the
Hall High School Board of Education and president of the Spring
Valley Flag Football League, and has coached little league baseball
for many years, served as an instructor for Junior Achievement and
been a member of the Bureau Country Senior Citizens Association
Board of Directors. He has also been involved in Jaycees, Rotary,
4-H and various church leadership roles. Todd and his wife Rachel
have four children, Chelsae (24), Gregg (21), Derek (19), and Brett
(14).
Mr. Fanning joined the Company in December of 1990 as Assistant
Vice President & Controller, was promoted to Vice President
& Controller in 1993, Vice President & Chief Financial
Officer in 1997, and Senior Vice President & Chief Financial
Officer in 2005. He has served as an Executive Officer since
2001.
Mr. Fanning stated, "I am very proud to have been part of such
an outstanding organization for the past nineteen years and to have
opportunities to progress my career. It truly is an honor to be
part of the Citizens family. We continue to be committed to the
customers, communities and shareholders we serve and I look forward
to the future of our Company in my new role."
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.
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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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