PSB Group, Inc. Announces Quarterly Dividend Payment

Business Wire, Oct 22, 2004

MADISON HEIGHTS, Mich. -- The Board of Directors of PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland and Macomb Counties, declared the payment of a quarterly cash dividend to Shareholders of Common stock. The dividend payment of $0.18 per share, which represents a 5.88% increase from the previous quarter's dividend, will be paid on December 14, 2004 to shareholders of record as of December 1, 2004.

As of September 30, 2004, the total assets of PSB Group, Inc. stood at $443,268,000.

Peoples State Bank is an independent, locally owned community bank, founded in 1909. The bank currently serves the tri-county area with 10 offices in Farmington Hills, Grosse Pointe Woods, Hamtramck, Madison Heights, St. Clair Shores, Southfield, Sterling Heights and Warren.