Peoples Bancorp Declares Cash Dividend

AUBURN, Ind., Feb. 16, 2011 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp (Pink Sheets: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 April 14, 2011 to Stockholders of Record as of April 1, 2011.

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As of February 15, 2011, Peoples had 2,482,580 shares outstanding. The closing price of Peoples Bancorp stock, as of February 15, 2011, was $15.35 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.

CONTACT: Maurice F. Winkler, III President 260-925-2500