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Peoples Bancorp (PBNI) Declares Cash Dividend February 17,2010


For Immediate Release Date: February 17, 2010

Pink Sheets Symbol: PBNI


Maurice F. Winkler, III




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 second quarter dividend of $0.19 per share, according to G. Richard Gatton, Chairman. The dividend will be paid on April 14, 2010, to Stockholders of Record as of March 31, 2010. This is the ninetieth consecutive dividend paid since the Company went public on July 7, 1987.

As of February 16, 2010, Peoples had 2,560,467 shares outstanding. The closing price of Peoples Bancorp, as of February 16, 2010, was $14.10 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.