Published: October 20, 2008

Peoples Bank Completes Sale of Banking Office in Grayson, Kentucky

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MARIETTA, Ohio, Oct. 20 /PRNewswire-FirstCall/ -- Peoples Bank, National Association ("Peoples Bank"), a wholly-owned subsidiary of Peoples Bancorp Inc. (Nasdaq: PEBO), announced today that it has completed the sale of its Grayson, Kentucky banking office ("Grayson office") to First National Bank of Grayson effective at the close of business on October 17, 2008.

The transaction was first announced in May 2008. TheGrayson office has $13.4 million of deposits and $2.0 million in loans. First National Bank of Grayson paid $475,000 for the full-service office's loans, deposits, and fixed assets. The premium paid on deposits is approximately $255,000 or 1.91% of deposits.

Peoples Bank continues to operate full-service banking offices in Kentucky'sBoyd andGreenup counties through locations inAshland,Russell, Greenup, andSummit, as well as two full-service offices inHuntington, West Virginia. Peoples Bank also makes available insurance services through Putnam Agency's offices inAshland, Kentucky andHuntington, West Virginia.

Peoples Bancorp Inc. is a diversified financial products and services company with $1.9 billion in assets, 49 locations and 38 ATMs inOhio,West Virginia andKentucky. Peoples makes available a complete line of banking, investment, insurance, and trust solutions through its financial service units -- Peoples Bank, National Association; Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples' common shares are traded on the NASDAQ Global Select Market under the symbol "PEBO", and Peoples is a member of theRussell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.

SOURCE Peoples Bancorp Inc.