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Peoples Bancorp Declares Cash Dividend May 2010


For Immediate Release                                            
Date:  May 25, 2010

Pink Sheets Symbol - PBNI

Contact:  Maurice F. Winkler, III

President and CEO




Peoples Bancorp (PBNI) Declares Cash Dividend

(Auburn)  The Board of Directors of Peoples Bancorp (PBNI), the Holding Company for Peoples Federal Savings Bank of DeKalb County, declared a Fiscal 2010 third quarter dividend of $0.19 per share, according to G. Richard Gatton, Chairman.  The dividend will be paid on July 15, 2010 to Stockholders of Record as of July 1, 2010.


As of May 24, 2010, Peoples had 2,548,247 shares outstanding.  The closing price of Peoples Bancorp stock, as of May 24, 2010, was $14.30 per share as listed on the Pink Sheets 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.