Peoples State Bank Appoints Audit Coordinator


MADISON HEIGHTS, Mich., July 9, 2007 (PRIME NEWSWIRE) -- Peoples State Bank, (a subsidiary of PSB Group, Inc. (OTCBB:PSBG)), announced the hiring and appointment of Charity Jacobson. The announcement was made by Michael J. Tierney, President and CEO.

Charity Jacobson was appointed Audit Coordinator Officer. Previously she was a Personal Banker at Republic Bank, and she has 13 years of banking experience.

Ms. Jacobson reports to the bank's Audit Committee and will be responsible for coordinating the internal and external audit function of Peoples State Bank.

Ms. Jacobson attends St. Clair County Community College and is very active in the community; she does volunteer work for the Brown City Fire Department.

Peoples State Bank, a locally owned community bank founded in 1909, is a subsidiary of PSB Group, Inc., a bank holding company. The bank currently serves southeastern Michigan with 12 offices in Farmington Hills, Fenton, Grosse Pointe Woods, Hamtramck, Madison Heights, St. Clair Shores, Southfield, Sterling Heights, Troy and Warren. Total assets of the bank as of June 30, 2007 exceeded $508,000,000.

The Peoples State Bank logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3556


            

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