PFDC Peoples Bancorp (MM)

The Board of Directors of Peoples Bancorp, the holding company for Peoples Federal Savings Bank and First Savings Bank, declared a Fiscal 2005 fourth quarter dividend. According to Roger J. Wertenberger, Chairman, a 5.6% dividend increase to $.19 per share will be paid on October 20, 2005, to stockholders of record as of October 3, 2005. Thus far during Fiscal 2005, Peoples has repurchased 27,038.57 shares of stock. As of August 16, 2005, Peoples had 3,340,719.44 shares outstanding. The closing price of Peoples Bancorp as of August 16, 2005 was $20.12 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.