Photo Release -- Peoples State Bank Appoints Commercial Lending Officers


MADISON HEIGHTS, Mich., June 26, 2007 (PRIME NEWSWIRE) -- Peoples State Bank, (a subsidiary of PSB Group, Inc. (OTCBB:PSBG)), announced the appointments of R. Kevin Finn and April Gresock. 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=3866

R. Kevin Finn was appointed Vice President, Commercial Lender. Previously he was Senior Banker, Commercial Lending at J. P. Morgan Chase. Mr. Finn earned a Bachelors Degree from Bowling Green State University and a Master of Business Administration from the University of Detroit. He has 26 years' of banking experience.

Mr. Finn will be responsible for developing and managing a commercial loan portfolio through the on-going development of current business relationships and cultivation of new customers. Mr. Finn will be working closely with business owners to meet all of their financial service needs, including assistance obtaining business credit. Mr. Finn is a member of The Association of Corporate Growth.

April Gresock was appointed Junior Commercial Lender. She will be based at the bank's Fenton Financial Center on Silver Parkway. Previously she was a Regional Portfolio Manager at Republic Bank. Ms. Gresock earned a Master of Business Administration from Baker College, and she has six years' of banking experience.

Ms. Gresock will be responsible for maintaining a loan portfolio through the development of business relationships with current and new customers. Ms. Gresock will be working closely with business owners to ensure that Peoples State Bank meets all of their financial service needs, including assistance obtaining business credit.

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.


            
R. Kevin Finn

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