Photo Release -- Peoples State Bank Announces Appointment


MADISON HEIGHTS, Mich., June 18, 2007 (PRIME NEWSWIRE) -- Peoples State Bank, (a subsidiary of PSB Group, Inc. (OTCBB:PSBG)), announced the appointment of Jacqueline K. Kane. The announcement was made by Michael J. Tierney, President and CEO.

A photo accompanying this release is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3841

Jacqueline K. Kane was appointed Vice President and Cash Management Sales Manager. Previously Ms. Kane was Vice President and Treasury Management Sales Officer at Comerica Bank. She has eight years of banking experience.

Ms. Kane will consult with corporate customers to design and implement technology-enabled cash management solutions. This includes providing ongoing sales and technology to existing customers while identifying opportunities with non-cash management customers. She will also be involved with the product development and implementation of all business deposit and cash management products.

Ms. Kane attended Western Michigan University where she earned a Bachelor of Science in Business Administration. She is a member of the Detroit Treasury Management Association (DTMA) and also acquired a Certified Treasury Professional (CTP) Certification.

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 March 31, 2007 exceeded $500,000,000.

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

Photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.


            
Jacqueline K. Kane

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