Todd Fanning

Fanning

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PRINCETON — Princeton National Bancorp Inc. has announced Todd D. Fanning has been appointed as executive vice president and chief operating officer and appointed to the Board of Directors of the company and the subsidiary bank effective today, Tuesday. He currently serves as chief financial officer and has an extensive background in accounting and banking.

“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,” said Tony J. Sorcic, president and CEO. “We look forward to his many future successes in his new role with the company and subsidiary bank.”

“Since I joined the bank in August of 2009, Todd has proven to be an important member of the management team,” said Thomas D. Ogaard, executive vice president and banking group manager. “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 Board of Directors of the company and the subsidiary bank,” said Craig O. Wesner, chairman. “We look forward to his contributions to both boards.”

Fanning has a Bachelor 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. He and his wife, Rachel, have four children, Chelsae, 24, Gregg, 21, Derek, 19, and Brett, 14.

Fanning joined the company in December 1990 as assistant vice president and controller, was promoted to vice president and controller in 1993, vice president and chief financial officer in 1997 and senior vice president and chief financial officer in 2005. He has served as an executive officer since 2001.

“I am very proud to have been part of such an outstanding organization for the past 19 years and to have opportunities to progress my career,” Fanning said. “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 eight counties in northern Illinois, including 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.