Peoples Bancorp (PBNI) Declares Cash Dividend, November 16, 2010

For Immediate Release

Date:  November 16, 2010

Pink Sheets Symbol - PBNI

Contact:  Cheryl L. Taylor

Corporate Secretary

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

As of November 15, 2010, Peoples had 2,484,080 shares outstanding.  The closing price of Peoples Bancorp stock, as of November 16, 2010, was $13.80 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.