Peoples Bancorp (PBNI) Declares Cash Dividend Aug 22 2011

For Immediate Release                                            

Date:  August 22, 2011

Pink Sheets Symbol - PBNI 

Contact:  Maurice F. Winkler, III
                       President and CEO
                       260-925-2500

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 2011 fourth quarter dividend of $0.19 per share, according to G. Richard Gatton, Chairman.  The dividend will be paid on October 13, 2011 to Stockholders of Record as of October 3, 2011.

As of August 19, 2011, Peoples had 2,454,588 shares outstanding.  The closing price of Peoples Bancorp stock, as of August 19, 2011, was $16.75 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.