Peoples Bancorp Declares Cash Dividend Dec 1, 2011

For Immediate Release                                            

Date:  December 1, 2011

OTCQB Symbol - PBNI

Contact:  Maurice F. Winkler, III

             President and CEO

 260-925-2500

Peoples Bancorp Declares Cash Dividend

(Auburn, Indiana)  The Board of Directors of Peoples Bancorp (PBNI), the Holding Company for Peoples Federal Savings Bank of DeKalb County, declared a Fiscal 2012 first quarter dividend of $0.20 per share, according to G. Richard Gatton, Chairman.  The dividend will be paid on January 12, 2012 to Stockholders of Record as of January 2, 2012.

As of November 30, 2011, Peoples had 2,453,347 shares outstanding.  The closing price of Peoples Bancorp stock, as of November 30, 2011, was $16.50 per share as listed on OTCQB under the symbol of 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 at Schoolcraft and Union.