AUBURN, Ind., Aug. 22, 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 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.

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