updated 2/16/2011 10:16:06 AM ET 2011-02-16T15:16:06

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.

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

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