People`s Bank Declares Quarterly Cash Dividend

MEDFORD, Ore.--(Business Wire)--
The board of directors of People`s Bank of Commerce (OTCBB:PBCO) announced that
it has declared a cash dividend of $0.05 per share. The dividend will be paid on
or about June 1, 2009 to shareholders of record May 15, 2009. This is a 5 cent
decrease from prior quarterly dividends of $0.10 per share.

The board carefully considered all recent economic conditions affecting our
community and the nation and felt it prudent to make this change based on the
bank`s recently reported level of earnings. The Bank reported earnings for the
first quarter of 2009 of $52,000 compared to $76,000 for the first quarter of
2008.

People`s Bank was organized in 1998 and operates from a main office in Medford,
Oregon with branches in Ashland and Central Point, Oregon.

At March 31, 2009, the bank reported total assets of $86.5 million, total
deposits of $72 million and total shareholders` equity of $11.2 million. Shares
are traded in the over-the-counter bulletin board market under the symbol PBCO.

People`s Bank of Commerce
Ken Trautman, President and CEO
541-774-7654

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