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Peoples State Bank Announces Promotion

MADISON HEIGHTS, Mich., Sept. 20, 2005 (PRIMEZONE) -- Peoples State Bank announced the promotion of Catherine Revord. The announcement was made by Robert L. Cole, President and CEO.

Catherine Revord was promoted to Senior Vice President, Human Resources Director at the bank's 12 Mile and Dequindre office in Madison Heights. Previously, Revord was Vice President, Human Resources Director at the same location.

Revord, an Oakland County resident, will continue to oversee the Human Resources function of the Bank. She previously served on the Board of Directors of Habitat for Humanity and YWCA. She is currently enrolled as a mentor in Mentor Connection, and taught high school for 13 years.

Revord has a Master of Business Administration Degree and a Bachelor of Arts Degree in Business, both from Central Michigan University.

Peoples State Bank, a locally owned community bank founded in 1909, is a subsidiary of PSB Group, Inc. , a bank holding company. The bank currently serves southeastern Michigan with 12 offices in Farmington Hills, Fenton, Grosse Pointe Woods, Hamtramck, Madison Heights, St. Clair Shores, Southfield, Sterling Heights and Warren. Total assets of the bank are $495,000,000.

CONTACT: Peoples State Bank
         Robert L. Cole, President & CEO
         (248) 548-2900