PFDC Peoples Bancorp (MM)

The Board of Directors of Peoples Bancorp (NASDAQ:PFDC), the Holding Company for Peoples Federal Savings Bank and First Savings Bank, declared a Fiscal 2006 third quarter dividend of $0.19 per share, according to Roger J. Wertenberger, Chairman. This is the seventy-fifth consecutive dividend paid since the Company went public on July 7, 1987. The dividend will be paid on July 20, 2006, to stockholders of record as of July 3, 2006. Thus far during Fiscal 2006, Peoples has repurchased 116,902 shares of stock. As of May 18, 2005, Peoples had 3,261,483 shares outstanding. The closing price of Peoples Bancorp as of May 19, 2006 was $20.08 per share as listed on the NASDAQ National Marketing System under the symbol PFDC. Peoples Bancorp, through its Indiana subsidiary, Peoples Federal Savings Bank, operates nine full-service offices located in Auburn, Avilla, Garrett, LaGrange, Kendallville, Topeka, Waterloo and two in Columbia City, Indiana. Peoples Bancorp's Michigan subsidiary, First Savings Bank, operates six full-service offices located in Three Rivers (two offices), Schoolcraft and Union in Michigan and Howe and Middlebury in Indiana.