MADISON HEIGHTS, Mich., April 26, 2005 (PRIMEZONE) -- 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 and a 5% stock dividend to Shareholders of Common stock. Both the dividend payment of $0.18 per share and the stock dividend will be paid on June 14, 2005 to shareholders of record as of June 1, 2005.
As of March 31, 2005, the total assets of PSB Group, Inc. stood at $477,908,000.
Peoples State Bank is an independent, locally owned community bank, founded in 1909. The bank currently serves the tri-county area with 11 offices in Farmington Hills, Grosse Pointe Woods, Hamtramck, Madison Heights, St. Clair Shores, Southfield, Sterling Heights and Warren.