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

On September 3, 2009, Princeton National Bancorp, Inc. (the "Company") announced the appointment of Thomas D. Ogaard as Executive Vice President & Banking Group Manager. Mr. Ogaard began his banking career in 1978 and most recently was employed by State Bank of Park Rapids in Park Rapids, Minnesota as Executive Vice President & Chief Loan Officer.
There are no arrangements or understandings between Mr. Ogaard and any other person pursuant to which he was selected as an officer of the Company. Mr. Ogaard is not related to any executive officer or director of the Company.
There have been no transactions since January 1, 2009, nor are there any currently proposed transactions, to which the Company or any of its subsidiaries was or is to be a party, in which the amount involved exceeds $120,000 and in which Mr. Ogaard had, or will have, a direct or indirect material interest that is required to be disclosed pursuant to Section 404(a) of Regulation S-K. Item 8.01 Other Events.

The Company also announced the promotion of Todd D. Fanning to Executive Vice President and Chief Financial Officer from Senior Vice President and Chief Financial Officer.
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit 99.1 Press Release

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