Peoples Bancorp Declares Cash Dividend

AUBURN, Ind., Aug. 21, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp , the Holding Company for Peoples Federal Savings Bank of DeKalb County, declared a Fiscal 2008 fourth quarter dividend of $0.19 per share, according to G. Richard Gatton, Chairman. The dividend will be paid on October 16, 2008, to Stockholders of Record as of October 1, 2008.

As of August 20, 2008, Peoples had 2,823,606 shares outstanding. The closing price of Peoples Bancorp, as of August 20, 2008, was $12.25 per share as listed on the Pink Sheets under the symbol PBNI.

Peoples Bancorp, through its subsidiary, Peoples Federal Savings Bank of DeKalb County, operates eleven full-service offices in Indiana, located in Auburn, Avilla, Garrett, Howe, Kendallville, LaGrange, Middlebury, Topeka, Waterloo and two offices in Columbia City. Peoples Federal operates four full-service offices in Michigan, with two offices located in Three Rivers and offices in Schoolcraft and Union.

CONTACT:  Peoples Bancorp
          Maurice F. Winkler, III, President
          260-925-2500

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