The board of directors of People�s Bank of Commerce (OTCBB:PBCO) announced that it has declared its fourteenth quarterly cash dividend � $0.05 per share. The $0.05 dividend will be paid on September 1, 2009, to shareholders of record August 15, 2009.

People�s Bank was organized in 1998 and operates from a main office in Medford and branch offices in Ashland and Central Point.

At June 30th, 2009, the bank reported total assets of $96.9 million, total deposits of $85 million and total shareholders� equity of $10.7 million. Shares are traded in the over-the-counter bulletin board market under the symbol PBCO.

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