People's Bank Declares Quarterly Cash Dividend

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Thu Oct 23, 2008 3:19pm EDT 

MEDFORD, Ore.--(Business Wire)--
The board of directors of People's Bank of Commerce (OTCBB:PBCO)
announced that it has declared its eleventh quarterly cash dividend -
$0.10 per share. The $0.10 dividend will be paid on December 1, 2008
to shareholders of record November 15, 2008.

   People's Bank was organized in 1998 and operates from a main
office in Medford and branch offices in Ashland and Central Point.

   At September 30, 2008, the bank reported total assets of $84.4
million, total deposits of $73 million and total shareholders' equity
of $11.4 million. Shares are traded in the over-the-counter bulletin
board market under the symbol PBCO.

People's Bank of Commerce
Ken Trautman, 541-774-7654

Copyright Business Wire 2008
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