2004 Press Releases

Peoples Bancorp Inc. Repositions Investment Portfolio
Peoples Bancorp Inc. Authorizes Repurchase of Common Shares
Peoples Bank Completes Acquisition of Two Offices in Ashland, Kentucky Area
Peoples Bank To Open Loan Production Office In Westerville, Ohio
Peoples Bancorp Inc. Declares Fourth Quarter Dividend
Peoples Bancorp Inc. Reports Third Quarter Earnings
Peoples Bank Receives National Community Partnership Award
Peoples Bank to Acquire Two Full-Service Banking Offices in Ashland Kentucky
Peoples Bancorp Inc. Appoints New Director
Peoples Bancorp Inc. Declares Third Quarter Dividend and Authorizes Repurchase of Common Stock
Peoples Bancorp Inc. Reports Second Quarter Earnings
Peoples Bancorp Appoints President
Peoples Bancorp Inc. Acquires Barengo Insurance Agency
Peoples Bancorp Inc. Reports Declares Second Quarter Dividend
Peoples Bancorp Inc. Reports First Quarter Earnings
Peoples Bancorp Announces Retirement of Directors; Re-Election of Four Directors
Peoples Bancorp To Acquire The Putnam Agency
Peoples Bancorp To Present at Midwest Bank Conference
Peoples Bancorp Inc. Appoints Two Directors
Peoples Bancorp Inc. Declares First Quarter Dividend
Peoples Bancorp Forms Charitable Foundation
Peoples Bancorp Inc. Reports 2003 Results of Operation
Peoples Bank To Expand Festival Of Learning Program

PEOPLES BANCORP INC. REPOSITIONS INVESTMENT PORTFOLIO
___________________________________________________________

December 14, 2004
Contact: John Conlon, Chief Financial Officer
(740) 373-3155

MARIETTA, Ohio - Peoples Bancorp Inc. (“Peoples”) (NASDAQ: PEBO) announced today the recent sales of approximately $85 million of fixed rate securities consisting primarily of mortgage-backed securities as part of a repositioning of its investment portfolio. The securities sold were purchased during a period of historically low interest rates and are expected to underperform in a rising rate environment.

Peoples will reinvest the net proceeds from these sales into other investment securities, primarily variable rate mortgage-backed securities, with slightly higher yields in the near term and shorter estimated lives and duration than those sold. The repositioning should improve the overall performance of the investment portfolio as interest rates return to more historic levels.

As a result of the repositioning, Peoples will recognize a fourth quarter 2004 pre-tax loss on sale of securities of $2.6 million, or $0.16 per share after-tax.

"We believe this action better positions the balance sheet for the continued expected increases in interest rates and should improve our long-term financial position,” said Mark Bradley, Peoples’ President and Chief Operating Officer.

The average estimated lives of the securities sold was about 6.5 years, while the average estimated lives of the securities purchased is expected to be about 4 years. Peoples plans to complete the reinvestment before year-end 2004.

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance and trust solutions through 51 locations and 34 ATMs in Ohio, West Virginia and Kentucky. Peoples’ financial service units include Peoples Bank, National Association (“Peoples Bank”); Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.

Forward-Looking Statements

Except for the historical and present factual information contained in this press release, the matters discussed in this press release, and other statements identified by words such as “should,” “expects,” “believes,” “plans,” and similar expressions are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, the interest rate environment and differences in the expectation of estimated lives and duration of the securities purchased, the effect of federal and state banking and tax regulations, the effect of technological changes, the effect of economic conditions, the impact of competitive products and pricing, and other risk factors relating to the banking industry or Peoples as detailed from time to time in Peoples’ reports filed with the SEC. Although management believes that the expectations in these forward-looking statements are based on reasonable assumptions within the bounds of management’s knowledge of Peoples’ business and operations, it is possible that actual results may differ materially from these projections. Peoples disclaims any responsibility to update these forward-looking statements, except as may be required by applicable laws.

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PEOPLES BANCORP INC. AUTHORIZES REPURCHASE OF COMMON SHARES
_______________________________________________________

2004 earnings expected to be released January 20, 2005

December 10, 2004
Contact: Mark F Bradley, President and Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio - At its December 9th meeting, t he Board of Directors of Peoples Bancorp Inc. (“Peoples”)(NASDAQ: PEBO) adopted a stock repurchase plan authorizing the repurchase in 2005 of up to 525,000 (or approximately 5%) of Peoples’ outstanding common shares from time to time in open market or privately negotiated transactions. The repurchased common shares will be held as treasury shares and are anticipated to be used for future exercises of stock options granted under Peoples’ stock option plans, future issuances of common shares in connection with Peoples’ deferred compensation plans, and other general corporate purposes.

The timing of the purchases and the actual number of common shares purchased will depend on market conditions and limitations imposed by applicable federal securities laws. The stock repurchase plan will expire on December 31, 2005, and the common shares purchased will not exceed an aggregate purchase price of $17 million.

In other news, Peoples also announced it plans to release 2004 earnings before the market opens on January 20, 2005. Peoples’ executive management is scheduled to hold a conference call/webcast to discuss 2004 earnings on January 20, 2005, at 11:00 a.m. Eastern Time. The conference call/webcast will be accessible via Peoples’ website at www.peoplesbancorp.com under the "Investor Relations” site link . The phone number to be used by call-in listeners will be published in Peoples’ 2004 earnings release.

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance and trust solutions through 51 locations and 34 ATMs in Ohio, West Virginia and Kentucky. Peoples’ financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.

END OF RELEASE

PEOPLES BANK COMPLETES ACQUISITION OF
TWO OFFICES IN ASHLAND, KENTUCKY AREA
_______________________________________________________

December 6, 2004
Contact: Mark F Bradley, President and Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio – Peoples Bancorp Inc. (Nasdaq: PEBO) announced today that one of its subsidiaries, Peoples Bank, has completed its acquisition of two full-service banking offices in the Ashland, Kentucky area from Advantage Bank, a subsidiary of Camco Financial Corporation (Nasdaq: CAFI).

First announced in September 2004, Peoples Bank acquired the full-service offices as of the close of business on Friday, December 3. In the acquisition, Peoples Bank paid a 10.21% premium, or approximately $7.8 million in cash, for the approximately $63 million of deposits and acquired fixed assets, and approximately $43 million of loans at book value.

"We look forward to serving the financial needs of our new customers,” said Mark F. Bradley, Peoples Bancorp’s President and Chief Operating Officer. "The integration teams on both sides did a great job completing the transition.”

Concurrent with the completion of the acquisition, Peoples Bank has consolidated some of its Ashland area offices. The Peoples Bank location at 747 Bellefonte Road in Flatwoods and the newly acquired office at 1640 Carter Avenue in downtown Ashland were consolidated into nearby Peoples Bank offices at the close of business on December 3. Also, the Peoples Bank office at 1410 Eagle Drive in Cedar Knoll will no longer serve customers after the close of business on December 27. Clients will be redirected to Peoples Bank’s newly acquired office in Summit, Kentucky.

"The office consolidations will be the most efficient way to serve our Ashland area customers,” said Bradley. “Peoples Bank now ranks first in northeastern Kentucky’s tri-county market of Boyd, Carter, and Greenup counties with over 14% of total deposits.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through 51 locations and 34 ATMs in Ohio, West Virginia and Kentucky. Peoples Bancorp’s financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples Bancorp at www.peoplesbancorp.com.

END OF RELEASE

PEOPLES BANK TO OPEN LOAN PRODUCTION OFFICE
IN WESTERVILLE, OHIO
_________________________________________________________

November 22, 2004
Contacts:

Mark F Bradley, President and Chief Operating Officer
(740) 373-3155
John G Hock, Officer Senior Vice President, Commercial Lending
(740) 653-4995

MARIETTA, Ohio – Peoples Bank, a subsidiary of Peoples Bancorp Inc. (Nasdaq: PEBO), plans to establish a loan production office in Westerville, Ohio.

The new office will focus primarily on serving the commercial credit needs of clients in the greater Columbus area. Neal S. Clark has joined Peoples Bank as Vice President, Commercial Lending, and will manage the office at 515 Executive Campus Drive in Westerville.

“Expansion into central Ohio has been one of our strategies,” said Mark F. Bradley, Peoples Bank’s President and Chief Operating Officer. “Westerville and surrounding areas are economically vibrant, and we think our offices in central Ohio are good sources of future growth.”

In addition to the Westerville office, Peoples Bank has central Ohio loan production offices in Newark and Delaware. Full-service offices also exist in Lancaster and Baltimore.

"We believe loan production offices are an efficient way to enter new markets,” continued Bradley. “We are excited about the potential of the Westerville market due to Neal’s track record of growing loans and servicing clients. In the long-term, we expect to have opportunities in those markets to expand to more full-service offerings of financial services.”

Neal Clark joins Peoples Bank with over 15 years of financial services experience in central Ohio, with the last 10 years dedicated to business banking. Clark is a graduate of Miami University (Ohio) and earned an MBA from The Ohio State University. He is on the Loan Review Committee for the Community Capital Development Corporation and is a director of The Entrepreneurial Institute. Clark and his family live in Lewis Center, Ohio, and are active in Olentangy youth sports.

The Westerville office is expected to open on or around January 1, 2005. Clark can be reached by calling 614-519-2940 or via e-mail at nclark@pebo.com.

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through 51 locations and 33 ATMs in Ohio, West Virginia, and Kentucky. Peoples Bancorp’s financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples Bancorp’s common shares are traded on the NASDAQ national market under the symbol “PEBO” and Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com .

END OF RELEASE

PEOPLES BANCORP INC. DECLARES FOURTH QUARTER DIVIDEND
_________________________________________________________

October 21, 2004
Contact: John W Conlon, Chief Financial Officer
(740) 373-3155

MARIETTA, Ohio - The Board of Directors of Peoples Bancorp Inc. (NASDAQ: PEBO) today declared a cash dividend of $0.18 per share payable January 3, 2005, to shareholders of record at December 15, 2004.

The fourth quarter dividend of $0.18 per share represents a payout of approximately $1.9 million based on 10.5 million shares outstanding at November 10, 2004. Including the fourth quarter dividend, Peoples Bancorp will have increased its dividend 11.6% compared to $0.65 per share paid in 2003, marking the 39th consecutive year of dividend increases.

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through 51 locations and 33 ATMs in Ohio, West Virginia and Kentucky. Peoples’ financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com .

END OF RELEASE

PEOPLES BANCORP INC. REPORTS THIRD QUARTER EARNINGS

_____________________________________________________________________

October 15, 2004
Contact: Mark F Bradley, President and Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio - Peoples Bancorp Inc. (NASDAQ: PEBO) announced third quarter net income of $5,138,000, or $0.48 per diluted share, in 2004 compared to $5,940,000, or $0.55 per diluted share, earned in 2003’s third quarter. For the nine months ended September 30, 2004, net income totaled $15,557,000 compared to $16,394,000 through nine months of 2003, while earnings per diluted share were $1.45 versus $1.55 for the same periods, respectively. Peoples’ earnings grew 2% in the third quarter, from $5,053,000, or $0.47 per diluted share, reported in the second quarter of 2004.

"Our third quarter results, while lower than last year due primarily to net interest margin compression, reflect positive trends in key areas, especially when compared to the second quarter,” commented Robert Evans, Chairman and CEO. “Non-interest revenues remain strong, as we integrate our new insurance agencies with our total financial services offering. Our already solid asset quality continues to improve and loans grew at a double digit annualized rate for the second consecutive quarter.”

Evans continued, “In addition to the challenges posed by the low interest rate environment, our third quarter earnings were negatively impacted by costs of approximately $100,000 incurred to cleanup and repair damage caused by the significant flooding in mid-September brought on by the remnants of Hurricane Ivan. We were fortunate to sustain only minor damage to a limited number of locations and quickly reopened the affected offices, which is a reflection of the efforts of many associates and volunteers. However, various communities we serve continue to recover from the financial and emotional impact of the flooding.”

In the third quarter of 2004, net interest income totaled $12,891,000, down 8% compared to $14,085,000 in 2003’s third quarter, but up 2% from $12,697,000 for the second quarter of 2004. Net interest margin was 3.34% for the third quarter of 2004, compared to 3.39% for the prior quarter and 3.57% for the third quarter of 2003. For the nine months ended September 30, 2004, net interest income totaled $39,136,000 and net interest margin was 3.44%, versus $40,720,000 and 3.59%, respectively, for the same period in 2003.

"While a modest expansion in our earning assets resulted in increased interest income compared to the prior quarter, net interest margin continues to compress due to declining asset yields as a result of intense competition for quality loans and the extended period of historically low rates,” said Jack Conlon, Peoples’ Chief Financial Officer. “While the recent actions by the Federal Reserve to increase interest rates have helped ease some of the margin pressures, we continue to shift to longer-term funding to lock in rates, which can offset some of the recent improvement in asset yields. We believe our efforts to position the balance sheet for future rate increases will benefit Peoples’ net interest income and help stabilize net interest margin.”

In the third quarter of 2004, non-interest income totaled $7,248,000, up 44% compared to $5,041,000 a year ago and up 16% from $6,245,000 last quarter. These increases were due largely to the $1.9 million of combined revenue generated by the acquired insurance agencies, which was nearly double their second quarter’s total and reflects the first full-quarter impact of the agencies. On a year-to-date basis through September 30, 2004, non-interest income grew 35% to $18,318,000, from $13,523,000 for the same period last year. Enhanced insurance commissions, coupled with increased deposit account services charges and revenues from business owned life insurance (“BOLI”), accounted for most of this improvement.

"Growing non-interest revenues and reducing reliance on net interest income remains a key component of our long-term success,” stated Mark Bradley, Peoples’ President and Chief Operating Officer. “We are pleased revenues have grown through both the successful integration of recent acquisitions and the efforts of our associates to build long-term customer relationships. In addition, the planned expansion of our presence and customer base in the Ashland, Kentucky area during the fourth quarter should afford us opportunities to further increase revenues.”

During the third quarter of 2004, Peoples announced its subsidiary, Peoples Bank, had signed a definitive agreement to acquire two full-service banking offices from Advantage Bank, a subsidiary of Camco Financial Corporation, located at 1640 Carter Avenue in downtown Ashland (which Peoples Bank does not plan to operate following completion of the acquisition) and 6601 US Route 60 just outside Ashland. As part of the acquisition, Peoples expects to acquire approximately $65 million in deposits and $45 million of loans. In addition, Peoples Bank plans to close its banking offices located in Flatwoods, Kentucky, and at 1410 Eagle Drive outside Ashland, Kentucky, due to their proximity to existing and to-be-acquired offices and sales activity. Management expects the acquisition to be completed in early December 2004, subject to regulatory approval, and accretive to earnings in the first full year.

In the third quarter of 2004, deposit account service charges totaled $2,510,000 versus $2,196,000 for the same period in 2003, a 14% increase resulting from a combination of higher volumes of overdraft and non-sufficient funds fees and an overall increase in the number of checking accounts, as well as an increase in the per item amount of certain cost recovery fees. Insurance and investment commissions were $2,272,000 for the three months ended September 30, 2004, compared to $1,428,000 last quarter and $338,000 for the third quarter of 2003. As a result of Peoples’ $20 million BOLI purchase in early 2004, BOLI produced tax-advantaged income of $494,000 in the third quarter of 2004 versus $342,000 a year ago. E-banking revenues, primarily ATM and debit card fees, grew 14% from the same quarter a year ago, while Peoples’ mortgage banking revenues continue to decline compared to last year, reflecting lower levels of real estate loan refinance activity.

In addition to generating additional revenues, the insurance agency acquisitions also accounted for approximately $1.3 million of non-interest expense in the third quarter of 2004, principally salaries and benefits, occupancy costs and intangible amortization. Consequently, non-interest expense grew $2.5 million to $12.5 million for the quarter ended September 30, 2004, up from $10.0 million for the same period in 2003. Compared to the second quarter of 2004, non-interest expense was up 9% in the third quarter, with 64% of the increase attributable to a full-quarter’s impact of the insurance agency acquisitions.

Peoples’ largest operating expense, salaries and benefits, totaled $6.7 million for the third quarter of 2004, an increase of 33% from a year ago, with $0.8 million, or nearly half of the increase, attributable to the approximately 50 associates added in conjunction with the insurance agency acquisitions. Occupancy and equipment costs increased 20% in the third quarter of 2004 from a year ago, as acquisitions and investments in technology produced additional depreciation expense in 2004. A significant portion of this increase is also the result of Peoples incurring costs to cleanup and repair damage to several of its locations due to flooding in mid-September 2004. Intangible amortization totaled $635,000 in the third quarter of 2004 versus $551,000 a year ago as a result of recent acquisitions.

The non-interest leverage ratio serves as a measurement of efficiency and performance and is a key performance indicator for Peoples. The ratio, defined as non-interest income as a percentage of operating expenses, excludes gains and losses on securities transactions and asset disposals, as well as intangible asset amortization. For the nine months ended September 30, 2004, the non-interest leverage ratio was 55.2% compared to 49.2% a year ago, while in the third quarter of 2004, the non-interest leverage ratio improved to 60.9%, from 56.8% last quarter and 53.4% in 2003’s third quarter.

"The improvement in the non-interest leverage ratio reflects our ability to grow non-interest revenues without a proportional increase in operating expense,” commented Bradley. “Our goal is to enhance Peoples’ operating efficiency and grow revenues without jeopardizing customer service levels. However, several factors, including rising medical and health insurance costs and compliance with new Sarbanes-Oxley regulatory requirements, limit our ability to control future increases in operating expense.”

During the third quarter, loans grew $22.3 million, or 10% annualized, to $957.9 million at September 30, 2004, due primarily to commercial and real estate loan growth, which offset a decline in consumer loan balances. Peoples also had $1.4 million of fixed-rate real estate loans originated and held for sale into the secondary market. Peoples is also servicing $101 million of fixed-rate real estate loans previously sold into the secondary markets due to the associated interest rate risk.

"One of our strategic objectives is to grow loans in a disciplined manner, which preserves asset quality,” stated Bradley. “Although we do not expect loan growth in the fourth quarter to continue at the same rate as the third quarter due to expected payoffs, economic conditions are improving in our markets and commercial loan demand remains strong, which should provide our lenders with opportunities to generate additional loans in the fourth quarter.”

Peoples’ provision for loan losses was down 34% in the third quarter of 2004 to $605,000, from $920,000 a year ago, and down slightly compared to the second quarter of 2004. The lower provision reflects the continued improvement in Peoples’ asset quality and reduction in loan losses during the third quarter. Nonperforming loans comprised 0.53% of total loans at September 30, 2004, compared to 0.62% at June 30, 2004, and 0.73% at December 31, 2003, while nonperforming assets comprised 0.30%, 0.35% and 0.41% of total assets for the same periods, respectively. Net chargeoffs were down 24% in the third quarter of 2004 compared to a year ago and down 29% from the second quarter of 2004. Net chargeoffs relating to the Overdraft Privilege Program comprised the largest portion of the 2004 third quarter net chargeoffs, totaling $243,000 versus $222,000 a year ago, while commercial net chargeoffs comprised $475,000 in the second quarter of 2004 but only $42,000 in the third quarter of 2004. At September 30, 2004, the allowance for loan losses was $14.8 million, or 293.5% of nonperforming loans, compared to $14.6 million, or 216.1% of nonperforming loans, at year-end 2003.

“Overall, our third quarter results reflect favorable earnings momentum which we expect to continue in the fourth quarter,” summarized Bradley. “While the expected period of rising interest rates pose new challenges, our solid asset quality and active balance sheet management, coupled with continued loan growth and revenue diversification, should allow us to grow future earnings.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through 51 locations and 33 ATMs in Ohio, West Virginia and Kentucky. Peoples’ financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com .

Conference Call to Discuss Earnings:

Peoples will conduct a facilitated conference call to discuss third quarter results of operations today at 11:00 a.m. eastern time, with members of Peoples’ executive management participating. Analysts, media and individual investors are invited to participate in the conference call by calling (888) 424-5801. A simultaneous Webcast of the conference call audio will be available online via the home page and/or Investor Relations section of www.peoplesbancorp.com . Participants are encouraged to call or sign in at least 15 minutes prior to the scheduled conference call time to ensure participation or download and install the necessary software. A replay of the call will be available on Peoples’ website for 30 days.

Safe Harbor Statement:

This press release may contain certain forward-looking statements with respect to Peoples’ financial condition, results of operations, plans, objectives, future performance and business. Except for the historical and present factual information contained in this press release, the matters discussed in this press release, and other statements identified by words such as “expects,” “believes,” “plans,” “will,” “would,” “should,” “could” and similar expressions are forward-looking statements within the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Factors that might cause such a difference include, but are not limited to: (1) competitive pressures among depository institutions increase significantly; (2) changes in the interest rate environment impact interest margins; (3) prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions are less favorable than expected; (5) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (6) legislative or regulatory changes or actions adversely affect Peoples’ business; (7) changes and trends in the securities markets; (8) a delayed or incomplete resolution of regulatory issues; (9) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity; (10) the outcome of regulatory and legal proceedings and (11) other risk factors relating to the banking industry or Peoples as detailed from time to time in Peoples’ reports filed with the Securities and Exchange Commission (“SEC”). Peoples undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release. Copies of documents filed with the SEC are available free of charge at the Commission’s website at http://www.sec.gov and/or from Peoples’ website.

Please click here to request a copy of the complete earnings release.

PEOPLES BANK RECEIVES NATIONAL
COMMUNITY PARTNERSHIP AWARD
_____________________________________________________________________

October 15, 2004
Contact: Mark F Bradley, President and Chief Operating Officer
(740) 373-3155

Marietta, OH – Peoples Bank, a subsidiary of Peoples Bancorp Inc. (Nasdaq: PEBO) was recently honored with a Community Partnership Award at the Community Action Partnership 2004 Annual Convention in Washington, DC. Peoples Bank was recognized for outstanding contributions in free banking services, low interest rate loans, homebuyer education and assistance programs, and other contributions.

Peoples Bank was one of only three honorees at the national gala event celebrating Community Action's 40 years of service to low and moderate income families. One of over 1,100 Community Action agencies nationwide, the Community Action Program of Washington-Morgan Counties (Ohio) nominated Peoples Bank to receive the award for its 30-year partnership to support low-income families in its market areas.

"We are honored to receive this award,” said Mark Bradley, Peoples Bank's President and Chief Operating Officer, who accepted the award in Washington, DC on behalf of the bank. “Our leadership has long set the tone that Peoples Bank will be an actively contributing, socially responsible member of our communities. It is one of our core values, and together with our local Community Action agency, we can commit the time and resources necessary to enhance the quality of life in our communities.”

Washington-Morgan Community Action provides many services, including homebuyer education; affordable, quality housing to the special needs population; and offering overall services from healthcare and meal delivery services to Head Start programs for developing our children's future.

"Peoples Bank is always there to support our programs,” said David Brightbill, Executive Director for Washington-Morgan Community Action. “We have never paid a fee for our financial services at Peoples Bank, and they work with us on much needed housing, provide financial education, and establish special financial products designed to help families in need. Peoples Bank exemplifies the fact that a successful business can also be a highly successful community partner.”

"The hard work of the folks at Washington-Morgan Community Action has had a significant, positive impact on individual families and the community, developing the lives of many people and creating an encouraging environment for future generations,” summarized Bradley. “We are grateful to be a part of their success.”

Peoples Bank is a subsidiary of Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets. Peoples Bank makes available a complete line of banking, investment, insurance, and trust solutions through 51 sales offices and 33 ATMs in Ohio, West Virginia, and Kentucky. Peoples' common shares are traded on the NASDAQ national market under the symbol “PEBO.” Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com .

END OF RELEASE

PEOPLES BANK TO ACQUIRE TWO FULL-SERVICE BANKING
OFFICES IN ASHLAND, KENTUCKY
_____________________________________________________________________

September 10, 2004
Contact: Mark F Bradley, President and Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio – Peoples Bancorp (Nasdaq: PEBO) announced today that one of its subsidiaries, Peoples Bank, has signed a definitive agreement to acquire two full-service banking offices in the Ashland, Kentucky area, from Advantage Bank, a subsidiary of Camco Financial Corporation (Nasdaq: CAFI).

"We are pleased to announce plans to enhance our business in the Ashland area,” said Mark F. Bradley, Peoples Bancorp's President and Chief Operating Officer. “We believe we can leverage our recent expansion in northeastern Kentucky, and we look forward to serving all of the financial needs of our new customers.”

The offices are located at 1640 Carter Avenue in downtown Ashland and 6601 US Route 60 just outside of the city. Under the terms of the agreement, Peoples has agreed to pay a 10.21% premium, or approximately $6.6 million in cash, for the $65 million of deposits, plus acquire the fixed assets and approximately $45 million of loans at book value. Peoples expects the acquisition to be accretive to earnings per share in the first full year after completion of the transaction, which is subject to regulatory approval and is anticipated to be completed in the fourth quarter of 2004.

It is Peoples' intention to consolidate some of its Ashland area offices during the fourth quarter of 2004 and concurrent with the completion of the proposed acquisition of the Advantage Bank offices. Subject to applicable banking regulations, Peoples Bank plans to close its current offices at 1410 Eagle Drive outside Ashland and 747 Bellefonte Road in Flatwoods. In addition, Peoples does not plan to operate the to-be-acquired office at 1640 Carter Avenue in downtown Ashland.

"After the completion of the acquisition, we would have several offices located too closely together,” continued Bradley. “We think these office consolidations will be the most efficient way to serve our Ashland area customers. The Route 60 office is a great location and adds an ATM to our network, and we already have a strong presence in downtown Ashland.”

Peoples Bank acquired the Flatwoods office in May 2003 in the Kentucky Bancshares Inc. acquisition. It is located less than 2 miles from Peoples Bank's Russell office, which has an ATM.

"The sales activity of the Flatwoods office has not been up to our expectations,” said Bradley. “With a bigger Peoples Bank location in nearby Russell, we thought it best to redirect customers to a more full-service atmosphere where banking and other investment services are available.”

After the acquisition and office consolidations, Peoples Bank's Kentucky offices will include two offices in the Ashland area, plus full-service offices in Russell, Greenup, South Shore, and Grayson. In Kentucky's Boyd, Carter, and Greenup counties, Peoples Bank will improve from third to first in the tri-county market with over 14% of total deposits.

Bradley summarized, “We are committed to the Ashland area and look forward to continuing to provide our communities with a personalized brand of banking, a broad choice of financial products and services, convenient locations, and state of the art technology. We will continue to expand our presence in areas that make sense for our customers, clients, and shareholders.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through 51 locations and 33 ATMs in Ohio, West Virginia and Kentucky. Peoples' financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples' common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.

Safe Harbor Statement:

This press release may contain certain forward-looking statements with respect to Peoples' financial condition, results of operations, plans, objectives, future performance and business. Except for the historical and present factual information contained in this press release, the matters discussed in this press release, and other statements identified by words such as “expects,” “believes,” “plans,” “will,” “would,” “should,” “could” and similar expressions are forward-looking statements within the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Factors that might cause such a difference include, but are not limited to: (1) competitive pressures among depository institutions increase significantly; (2) changes in the interest rate environment impact interest margins; (3) prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions are less favorable than expected; (5) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (6) legislative or regulatory changes or actions adversely affect Peoples' business; (7) changes and trends in the securities markets; (8) a delayed or incomplete resolution of regulatory issues; (9) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity; (10) the outcome of regulatory and legal proceedings and (11) other risk factors relating to the banking industry or Peoples as detailed from time to time in Peoples' reports filed with the Securities and Exchange Commission (“SEC”). Peoples undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release. Copies of documents filed with the SEC are available free of charge at the Commission's website at http://www.sec.gov and/or from Peoples' website.

END OF RELEASE

PEOPLES BANCORP INC. APPOINTS NEW DIRECTOR

_____________________________________________________________________

August 18, 2004
Contact: Robert Evans, Chairman and CEO
(740) 373-3155

MARIETTA, Ohio – Peoples Bancorp Inc. (Nasdaq: PEBO) announced the recent election of Richard Ferguson as a director of the company. The Peoples Bancorp Board of Directors unanimously approved the appointment of Mr. Ferguson at the company’s August 12th board meeting.

"Richard’s extensive financial background and expertise will be a positive influence on our company,” said Robert E. Evans, Chairman and CEO of Peoples Bancorp. “We are fortunate to have representation of Richard’s quality on our directorship.”

Ferguson joins Peoples Bancorp’s board with more than 30 years of experience in accounting and financial management. After working several years in public and private accounting, he currently owns Ferguson Consulting LLC, a Columbus, Ohio-based professional practice that focuses on business valuations and forensic accounting services for all types of litigation.

Ferguson is a Certified Public Accountant and a Certified Valuation Analyst (CVA). He is a member of the American Institute of Certified Public Accountants, the Ohio Society of CPA’s, the National Association of Certified Valuation Analysts, and the Ohio State Association of Certified Valuation Analysts. Ferguson’s experience includes several years at Ernst & Young and Worthington Industries Inc.

Evans summarized, “Richard’s appointment and service on our Audit Committee will strengthen our board’s governorship in areas such as the new regulations governing publicly traded companies and constantly changing accounting rules.” Ferguson’s appointment increased the number of Peoples Bancorp directors to 12.

Ferguson is a graduate of Widener University with a degree in Accounting/Finance. He earned his CPA in 1976 and his CVA in 1996. He is a resident of Columbus, Ohio.

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through Peoples Bank’s 51 sales offices and 33 ATMs in Ohio, West Virginia, and Kentucky. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO.” Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com .

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PEOPLES INC. DECLARES THIRD QUARTER DIVIDEND AND AUTHORIZES REPURCHASE OF COMMON STOCK
_____________________________________________________________________

July 20, 2004
Contact: Mark F Bradley, Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio - The Board of Directors of Peoples Bancorp Inc. (NASDAQ: PEBO) yesterday declared a cash dividend of $0.18 per share payable October 1, 2004, to shareholders of record at September 15, 2004.

The third quarter dividend of $0.18 per share represents a payout of approximately $1.9 million based on 10.6 million shares outstanding at August 12, 2004 and reflects a 5.9% increase over the $0.17 per share dividend paid in the third quarter of 2003. The annualized 2004 dividend of $0.72 equates to a yield of 2.9% based on Peoples Bancorp’s closing stock price of $25.01 on August 12, 2004.

Additionally, the Board of Directors adopted a resolution authorizing the repurchase in 2004 of up to an additional 200,000 (or approximately 2%) of Peoples’ outstanding common shares from time to time in open market or privately negotiated transactions. The 200,000 authorized shares are in addition to the previously announced repurchase program of 425,000 shares approved by the Board of Directors of Peoples Bancorp Inc. in December 2003.

"We have only about 50,000 shares available for repurchase under the original 2004 plan,” said Mark F. Bradley, Peoples Bancorp’s President and Chief Operating Officer. “The new repurchase program reflects our continuing commitment to manage our capital levels.”

The repurchases will be used for projected stock option exercises granted under Peoples’ stock option plans, projected purchases of common shares for Peoples’ deferred compensation plans, and other general corporate purposes. The timing of the purchases and the actual number of common shares purchased will depend on market conditions and limitations imposed by applicable federal securities laws. The stock repurchase plans expire December 31, 2004.

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through Peoples Bank’s 51 sales offices and 33 ATMs in Ohio, West Virginia, and Kentucky. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”. Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com .

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PEOPLES BANCORP INC. REPORTS SECOND QUARTER EARNINGS
_____________________________________________________________________

July 20, 2004
Contact: John W Conlon, Chief Financial Officer
(740) 373-3155

MARIETTA, Ohio - Peoples Bancorp Inc. (NASDAQ: PEBO) announced net income of $5,053,000 for the second quarter of 2004 compared to $5,439,000 a year ago. Earnings per diluted share were $0.47 for the three months ended June 30, 2004, compared to $0.51 earned in last year’s second quarter. On a year-to-date basis through June 30, 2004, net income totaled $10,419,000 compared to $10,453,000 through six months of 2003, while earnings per diluted share were $0.97 versus $1.00 for the same periods, respectively.

Peoples’ lower second quarter net earnings were attributable to reduced levels of net interest income and additional operating expenses as a result of acquisitions, which offset increases in non-interest revenues. Earnings per share were also negatively impacted by additional shares outstanding resulting from Peoples issuing over 800,000 common shares in connection with acquisitions in the last year. Due to pending acquisitions and related securities regulations prohibiting management from repurchasing shares, the majority of the 147,435 treasury share purchases occurred late in the second quarter and had little impact on weighted average shares.

"As expected, net interest margin pressure continued in the second quarter,” said Robert E. Evans, Chairman and CEO. “We made the decision to shrink our earning assets a bit in the second quarter to await better investing opportunities after the rate increase in late June. While our second quarter earnings were at the bottom end of our projections we are encouraged by performance in several key areas, including non-interest revenue growth, loan growth and asset quality.”

Evans added, “The improving economic and interest rate conditions, some expansion of our earning asset base, as well as the projected impact of recent acquisitions, are expected to serve as the foundation for earnings growth in the third quarter.”

During the second quarter, Peoples completed the acquisition of two full-service insurance agencies: the Putnam Agency, Inc. (“Putnam”) (Ashland, Kentucky and Huntington, West Virginia offices), and Barengo Insurance Agency, Inc. (“Barengo”) (Marietta, Ohio). In the acquisitions, Peoples used a combination of cash and Peoples’ common shares as consideration. Peoples operates the former agencies as divisions of Peoples Insurance Agency, using the “Putnam Agency” and “Barengo Insurance Agency” names.

Due in large part to the insurance acquisitions, non-interest income was up 37% in the second quarter of 2004 to $6,245,000, from $4,547,000 a year ago, and totaled $11,070,000 for the six months ended June 30, 2004, a 31% increase over 2003’s six-month total of $8,482,000. Insurance and investment commissions totaled $1,428,000 in the second quarter of 2004 and $1,727,000 through six months of 2004, compared to $320,000 and $762,000 for the same periods a year ago, respectively, with the Putnam and Barengo divisions producing just over $1 million in combined revenue during the second quarter. Property and casualty insurance commissions, the primary focus of the acquired agencies, comprised the majority of Peoples’ insurance and investment commissions and accounted for $1,004,000 of the overall increase in revenue.

"The addition of Putnam and Barengo is an important step toward meeting our goal of revenue diversification and continued expansion of our business,” commented Mark Bradley, Peoples’ President and Chief Operating Officer. "Revenues from the acquired agencies were a significant driver of the second quarter non-interest income increase, while deposit account service charges were also a contributing factor. We anticipate insurance revenues to be even stronger in the third quarter since it will include a full-quarter’s impact of the acquisitions.”

Deposit account service charges totaled $2,459,000 in the second quarter of 2004, up 20% compared to the same period in 2003. This increase was primarily the result of a combination of higher volumes of overdraft and non-sufficient funds fees and an overall increase in the number of checking accounts, as well as an increase in the per item amount of certain cost recovery fees. In the second quarter of 2004, business owned life insurance (“BOLI”) produced tax-advantaged income of $506,000 versus $353,000 a year ago, a result of Peoples’ $20 million BOLI purchase in early 2004. E-banking revenues, primarily ATM and debit card fees, grew 18% from a year ago, totaling $623,000 for the second quarter of 2004. Peoples’ mortgage banking activities produced revenues of $283,000 for the three months ended June 30, 2004, versus $337,000 for 2003’s second quarter, reflecting lower levels of real estate loan refinance activity.

Non-interest expense was $11,531,000 in the second quarter of 2004 versus $9,458,000 for the same period in 2003. Approximately $1.2 million (or 60%) of this increase was the result of additional operating expense due to the insurance acquisitions and full-quarter impact of the May 2003 acquisition of Kentucky Bancshares. Salaries and benefits, Peoples’ largest expense, totaled $5,819,000 for the quarter ended June 30, 2004, an increase of 21% from a year ago, with $580,000 (or 58%) of the increase attributable to the salaries and benefits of the approximately 80 associates added in conjunction with the acquisitions. Occupancy and equipment costs increased 16% in the second quarter of 2004 from a year ago, as acquisitions and investments in technology produced additional depreciation expense in 2004. Intangible amortization nearly doubled from a year ago as a result of recent acquisitions. Management projects intangible amortization to be about $100,000 higher next quarter due to a full-quarter’s impact of the customer relationship intangibles acquired in the Putnam and Barengo acquisitions, with reductions in subsequent quarters thereafter due to the method of amortization. Professional fees were 21% lower in the second quarter of 2004 compared to a year ago, primarily attributable to expiration of the consulting agreement relating to the Overdraft Privilege program.

The non-interest leverage ratio serves as a measurement of efficiency and performance and is a key performance indicator for Peoples. The ratio, defined as non-interest income as a percentage of operating expenses, excludes gains and losses on securities transactions and asset disposals, as well as intangible asset amortization. For the six months ended June 30, 2004, the non-interest leverage ratio was 52.0% compared to 47.0% a year ago. This improvement was the result of non-interest revenues growing at a greater rate than operating expense.

"We are pleased with the improvement in the non-interest leverage ratio, which is now above our target of 50%,” commented Bradley. “Cost control remains a primary focus, as we explore opportunities to enhance Peoples’ operating efficiency and grow revenues. As part of this focus, we are currently reviewing our compensation structure for our fee-based revenues and anticipate a change to a more commission-based compensation arrangement with portions of our sales group. We are also looking at staffing levels in our retail offices to ensure we have proper sales and service personnel in position.”

Net interest income totaled $12,697,000 for the second quarter of 2004, compared to $13,548,000 last quarter and $13,577,000 in 2003’s second quarter. Peoples’ reduced net interest income is largely the result of lower average earning assets, coupled with lower asset yields due to the sustained low interest rate environment. Peoples also shifted $20 million of short-term borrowings to long-term borrowings, at a higher cost, during the quarter in anticipation of interest rate increases in the second half of 2004. These factors also compressed net interest margin, which dropped to 3.39% versus 3.56% for the prior quarter and 3.48% for the second quarter of 2003. For the six months ended June 30, 2004, net interest income totaled $26,245,000 and net interest margin was 3.48%, versus $26,635,000 and 3.58% for the same period in 2003.

“As with most financial institutions, our ability to maintain net interest income and margin is challenged by rates remaining at low levels,” said Jack Conlon, Peoples’ Chief Financial Officer. “In addition, we used some of the principal runoff from the investment portfolio during the quarter to reduce debt and manage corporate liquidity, as we sought out higher yielding investments. While the recent action by the Federal Reserve to increase interest rates should help to ease some of the margin pressures, we continue to shift to longer-term funding to lock in rates, which may offset any short-term improvement in asset yields. We believe additional rate increases in the second half of 2004 should provide opportunities to enhance Peoples’ net interest income and margin based on the current asset-liability position.”

During the second quarter, loans grew $24.8 million, or 11% annualized, to $935.6 million at June 30, 2004, due primarily to commercial and real estate loan growth, which offset a decline in consumer loan balances. Peoples also had $807,000 of fixed-rate real estate loans originated and held for sale into the secondary market. Peoples is also servicing $95 million of fixed-rate real estate loans previously sold into the secondary markets due to the associated interest rate risk.

“Loan growth remains an integral part of our strategic plans and operating goals,” stated Bradley. “The majority of our second quarter loan growth occurred late in the quarter, and with economic conditions showing signs of improvement, we anticipate additional lending opportunities in the second half of 2004. We are committed to meeting the loan demand of our customers and generating quality loans without compromising asset quality.”

Nonperforming loans comprised 0.62% of total loans at June 30, 2004, compared to 0.73% at December 31, 2003, while nonperforming assets comprised 0.35% and 0.41% of total assets for the same periods, respectively. These improvements were attributable to a 13% decrease in nonperforming loans. In the second quarter of 2004, Peoples’ provision for loan losses was $616,000, down from $794,000 in the prior quarter and $935,000 a year ago. At June 30, 2004, the allowance for loan losses was $14.7 million, or 251.6% of nonperforming loans, compared to $14.6 million, or 216.1% of nonperforming loans, at year-end 2003.

“Our ability to maintain solid asset quality during the recent economic slowdown reflects our long-standing commitment to sound underwriting standards and diligent loan review process,” stated Bradley. “In addition, a lower level of loan delinquencies and nonperforming loans during the second quarter allowed us to reduce Peoples’ provision expense. We believe Peoples’ asset quality remains favorable compared to most peers and the allowance is adequate to absorb probable losses based on our latest analysis.”

In the second quarter of 2004, net loan chargeoffs were $697,000, down from $720,000 a year ago but up compared to $595,000 in the first quarter of 2004. Commercial loans comprised the largest portion of net chargeoffs, totaling $475,000 and $210,000 for the three months ended June 30, 2004 and 2003, respectively. Net chargeoffs relating to the Overdraft Privilege Program were $211,000 in the second quarter of 2004 versus $150,000 in 2003’s second quarter. Real estate net chargeoffs totaled $47,000 for the second quarter of 2004, down from $129,000 for the same period in 2003. In the second quarter of 2004, Peoples’ consumer loan recoveries exceeded chargeoffs, resulting in net recoveries of $32,000 compared to net chargeoffs of $189,000 in 2003’s second quarter.

“Our second quarter results reflect the challenge of growing earnings with interest rates remaining at low levels,” summarized Bradley. “As we strive to improve short-term performance, we maintained our long-term focus in the second quarter by delaying the purchase of some investments until yields improve and worked to integrate our acquisitions. In the third quarter, we expect stronger performance from our nontraditional lines of business, as well as continued loan growth and solid asset quality, which should also benefit future earnings.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.8 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through 51 locations and 33 ATMs in Ohio, West Virginia and Kentucky. Peoples’ financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.

Conference Call to Discuss Earnings:
Peoples will conduct a facilitated conference call to discuss second quarter results of operations today at 11:00 a.m. eastern time, with members of Peoples’ executive management participating. Analysts, media and individual investors are invited to participate in the conference call by calling (888) 424-5801. A simultaneous Webcast of the conference call audio will be available online via the home page and/or Investor Relations section of www.peoplesbancorp.com . Participants are encouraged to call or sign in at least 15 minutes prior to the scheduled conference call time to ensure participation or download and install the necessary software. A replay of the call will be available on Peoples’ website for 30 days.

Safe Harbor Statement:
This press release may contain certain forward-looking statements with respect to Peoples’ financial condition, results of operations, plans, objectives, future performance and business. Except for the historical and present factual information contained in this press release, the matters discussed in this press release, and other statements identified by words such as “expects,” “believes,” “plans,” “will,” “would,” “should,” “could” and similar expressions are forward-looking statements within the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Factors that might cause such a difference include, but are not limited to: (1) competitive pressures among depository institutions increase significantly; (2) changes in the interest rate environment impact interest margins; (3) prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions are less favorable than expected; (5) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (6) legislative or regulatory changes or actions adversely affect Peoples’ business; (7) changes and trends in the securities markets; (8) a delayed or incomplete resolution of regulatory issues; (9) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity; (10) the outcome of regulatory and legal proceedings and (11) other risk factors relating to the banking industry or Peoples as detailed from time to time in Peoples’ reports filed with the Securities and Exchange Commission (“SEC”). Peoples undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release. Copies of documents filed with the SEC are available free of charge at the Commission’s website at http://www.sec.gov and/or from Peoples’ website.

Please click here to request a copy of the complete earnings release.

PEOPLES BANCORP APPOINTS PRESIDENT
_____________________________________________________________________

June 10, 2004
Contact: Mark F Bradley, President and Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio – The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) today announced the appointment of Mark F. Bradley as President and Chief Operating Officer. Bradley has been Peoples Bancorp Inc.’s Chief Operating Officer since July 1, 2003, and also has served, since mid-2002, as President and Chief Operating Officer of Peoples Bank, National Association, the sole banking subsidiary of Peoples Bancorp Inc. (“Peoples Bancorp” or “Company”).

“Mark has been an integral part of the growth of Peoples Bancorp,” said Robert E. Evans, Chairman of the Board and CEO. “Over the past several years Mark has assumed many of the strategic operating responsibilities of the Company. His energy and commitment will help Peoples Bancorp continue to grow and be successful.”

“Our executive management team averages 25 years of experience in financial services, nearly all of it with Peoples Bancorp,” continued Evans. “With my recent surgery and recuperation, our management team continued to perform under a ‘business as usual’ approach, building on the successes of our company.”

Evans recently underwent successful abdominal surgery. Follow up treatments and chemotherapy will continue throughout the summer months.

“I don’t anticipate any major changes to my schedule,” said Evans. “I continue to work at my Company office, my home office, and via our remote access systems and conference calls. This provides good access to our leadership team and things are working quite well. I plan to continue daily activities with the Company, and work more on long-range plans and continued expansion of Peoples Bancorp.” Evans remains Chairman of the Board and CEO of the company.

“Mark’s promotion is part of the succession plan we laid out some years ago,” summarized Evans. “I have great confidence in the abilities of our management team to deliver integrated financial services to our many clients and long-term rewards for our shareholders.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.7 billion in assets, makes available a complete line of banking, insurance, and investment services through 51 locations and 33 ATMs in Ohio, West Virginia, and Kentucky. Peoples Bancorp financial service units include Peoples Bank, Peoples Financial Advisors (a division of Peoples Bank), and Peoples Insurance Agency, Inc. Peoples Bancorp’s common shares are traded on the NASDAQ national market under the symbol “PEBO.” Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples Bancorp at www.peoplesbancorp.com.

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PEOPLES BANCORP ACQUIRES BARENGO INSURANCE AGENCY ____________________________________________________________

June 1, 2004
Contact: Mark F Bradley
(740) 373-3155

MARIETTA, Ohio - Peoples Bancorp Inc. (Nasdaq: PEBO) announced that its insurance subsidiary, Peoples Insurance Agency, Inc., has acquired the Barengo Insurance Agency, a full-service insurance agency that offers a wide range of property and casualty, life, and health insurance to both commercial and individual clients.

The transaction includes the right to use the company’s name (“Barengo Insurance Agency”), which will operate as a division of Peoples Insurance Agency. The acquisition is consistent with Peoples Bancorp’s strategy of diversifying its business mix into financial services that complement core banking operations.

“It was an easy decision to join forces with the Barengo Agency,” said Mark F. Bradley, Peoples Bancorp’s Chief Operating Officer. “Barengo has an outstanding reputation, a knowledgeable and experienced management team, and a strong commitment to the success of the their clients. They bring additional expertise to our existing insurance operations, with full-service insurance programs and carriers.”

Based in Marietta, Ohio, Barengo Insurance Agency has served the insurance needs of its clients since its founding by Harry Barengo in 1964. Total annual revenues are approximately $2.5 million. The majority of Barengo Insurance Agency revenues are commissions related to property and casualty insurance, plus group benefits insurance. All employees of the Barengo Insurance Agency have been retained as employees, including principals Randy and Jim Barengo, who maintain leadership roles in the new organization.

“We are pleased to be able to join a company like Peoples,” said Jim Barengo. “Our business has grown successfully over the last several years, and we look forward to continuing to serve clients through a more expanded financial service offering. This union is good for our customers and employees.”

In the transaction, Peoples Insurance Agency used a mix of cash and Peoples Bancorp stock to acquire Barengo Insurance Agency. The acquisition was completed on May 28, 2004.

“Insurance is a key component in our comprehensive financial services offering,” summarized Bradley. “With the Barengo Agency, we are gaining top-notch expertise and believe we are better positioned to enhance shareholder value.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.7 billion in assets, makes available a complete line of banking, insurance, and investment services through 51 locations and 33 ATMs in Ohio, West Virginia, and Kentucky. Peoples Bancorp financial service units include Peoples Bank, Peoples Financial Advisors, and Peoples Insurance Agency. Peoples Bancorp’s common shares are traded on the NASDAQ national market under the symbol “PEBO.” Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.

Forward-looking Statement
This press release may contain certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated there under, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 under the Securities Exchange Act, including certain plans, expectations, goals, and projections, about the benefits to Peoples Bancorp of Peoples Insurance Agency's acquisition of the Barengo Insurance Agency. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statements for a variety of factors such as: the businesses of Peoples Insurance Agency and the Barengo Insurance Agency may not be integrated successfully or such integration may take longer to accomplish than expected; the expected synergies from the acquisition may not be fully realized within the expected timeframes; disruption from the merger may make it more difficult to maintain relationships with clients, associates, or suppliers; the required approvals of the merger may not be obtained on the proposed terms and schedule; and other factors described in Peoples Bancorp's 2003 Annual Report on Form 10-K as filed with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available at the time of the release. Neither Peoples Bancorp nor the Barengo Insurance Agency assumes any obligation to update any forward-looking statement.

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PEOPLES BANCORP INC. DECLARES
SECOND QUARTER DIVIDEND
_____________________________________________________________________

May 14, 2004
Contact: Mark F Badley, Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio - The Board of Directors of Peoples Bancorp Inc. (NASDAQ: PEBO) yesterday declared a cash dividend of $0.18 per share payable July 1, 2004, to shareholders of record at June 15, 2004.

The second quarter dividend of $0.18 per share represents a payout of approximately $1.9 million based on 10.6 million shares outstanding at May 13, 2004, and reflects an 18% increase over the $0.152 per share dividend paid in the second quarter of 2003. The annualized 2004 dividend of $0.72 equates to a yield of 3.0% based on Peoples Bancorp’s closing stock price of $24.07 on May 13, 2004.

Peoples Bancorp Inc., a diversified financial products and services company with $1.7 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through Peoples Bank’s 49 sales offices and 33 ATMs in Ohio, West Virginia, and Kentucky. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO.” Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.

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PEOPLES BANCORP INC. REPORTS FIRST QUARTER EARNINGS
___________________________________________________________

April 15, 2004
Contact: John W Conlon, Chief Financial Officer
(740) 373-3155

MARIETTA, Ohio - Peoples Bancorp Inc. (NASDAQ: PEBO) announced net income of $5,366,000 for the first quarter of 2004, up 7% from $5,014,000 a year ago. Earnings per diluted shared were $0.50 for the three months ended March 31, 2004, compared to $0.49 earned in last year’s first quarter. Peoples’ increased first quarter earnings were attributable to higher levels of net interest income and non-interest revenues, primarily the result of the Kentucky Bancshares Incorporated (“KBI”) acquisition completed in mid-2003 and balance sheet restructuring initiatives in late 2003.

"Completing the first quarter with a 7% net income growth over the same quarter last year is a good start for the year," said Robert E. Evans, Chairman, President and CEO. "We are confident that recent strategic actions provide us with a solid foundation for long-term earnings growth.”

Evans added, "We continue the drive to expand our financial and insurance customer base through selective business acquisitions, like the recently announced addition of the Putnam Agency in the Ashland, Kentucky and Huntington, West Virginia markets. The Putnam Agency has been developing relationships since 1904."

Through the first three months of 2004, net interest income totaled $13,548,000 compared to $13,058,000 in 2003’s first quarter. This increase was due to earning assets added through the KBI acquisition, as well as Peoples’ efforts to reduce cost of funds more than the corresponding decline in yields from assets repricing downward in the current rate environment. For the quarter ended March 31, 2004, Peoples’ average cost of funds was 2.28% compared to 3.03% for the same quarter a year ago, while the average yield on earning assets was 5.60% and 6.41% for the same periods, respectively. Although these factors have produced additional net interest income, they have also contributed to compression of net interest margin from a year ago. In the first quarter of 2004, net interest margin was 3.56% versus 3.70% for the same quarter in 2003 and 3.32% for the fourth quarter of 2003. The net interest margin for fourth quarter of 2003 was also impacted by $376,000 of combined additional premium amortization and reduction in interest income on mortgage-backed securities. Excluding these adjustments, the fourth quarter net interest margin would have been 3.41%.

“The Federal Reserve’s decision to leave rates at such low levels for an unprecedented period continues to impact Peoples’ net interest income and margin,” said Jack Conlon, Peoples’ Chief Financial Officer. “However, a modest increase in earning assets, due to acquisitions and an investment growth strategy, plus the balance sheet restructuring in late 2003, mitigated some of the impact of declining asset yields. Since net interest income remains a key component of our earnings, we continue to manage Peoples’ interest rate risk position for the inevitable increase in market rates, while attempting to make the best of current conditions.”

Non-interest income was $4,825,000 for the first quarter of 2004, up 23% from $3,935,000 a year ago. Revenues from offices added in the KBI acquisition, primarily deposit account service charges and fiduciary income, and additional business owned life insurance (“BOLI”) were the main factors contributing to the overall increase in non-interest income.

“Our disciplined acquisition and expansion strategy over the last several years has afforded us the ability to grow both traditional and non-traditional revenues,” commented Mark Bradley, Peoples’ Chief Operating Officer. “In addition, we believe non-traditional revenues, such as insurance and investment commissions and fiduciary revenues, remain viable sources for future non-interest income growth. With earnings pressures from net interest margin compression likely to linger, we continue to focus our efforts on further diversifying revenues and reducing Peoples’ reliance on net interest income.”

Deposit account service charges totaled $2,253,000 for the first quarter of 2004, a 31% increase compared to the same period in 2003. This increase was primarily the result of a combination of higher volumes of overdraft and non-sufficient funds fees and an overall increase in the number of checking accounts from the KBI acquisition, as well as an increase in the per item amount of certain cost recovery fees. Peoples’ fiduciary revenues improved to $774,000 in the first quarter, from $586,000 for the same period in 2003, attributable to additional assets under management. E-banking revenues, primarily ATM and debit card fees, grew 15% from a year ago, totaling $523,000 for the first quarter of 2004. Peoples’ mortgage banking activities produced revenues of $199,000 for the three months ended March 31, 2004, versus $230,000 for 2003’s first quarter, reflecting lower levels of real estate loan refinance activity.

Non-interest expense was $10,290,000 in the first quarter of 2004 versus $9,119,000 for the same period in 2003. Salaries and benefits, Peoples’ largest expense, totaled $5,389,000 for the quarter ended March 31, 2004, an increase of 14% from a year ago, due mostly to annual salary adjustments necessary to retain and recruit key associates and the addition of approximately 30 associates in conjunction with the KBI acquisition. For the first quarter of 2004, occupancy and equipment costs increased 11%, as acquisitions and investments in technology produced additional depreciation expense in 2004, while intangible amortization doubled from a year ago due to the KBI acquisition. Compared to the fourth quarter of 2003, non-interest expense was down $7,039,000 in the first quarter of 2004, with long-term debt prepayment penalties which occurred in the fourth quarter of 2003 accounting for $6,817,000 of the decline. Excluding the prepayment penalties and intangible amortization, non-interest expense decreased 2% due to a reduction in various operating expenses.

The non-interest leverage ratio serves as a measurement of efficiency and performance and is a key performance indicator for Peoples. The ratio, defined as non-interest income as a percentage of operating expenses, excludes gains and losses on securities transactions and asset disposals, as well as intangible asset amortization. For the three months ended March 31, 2004, the non-interest leverage ratio was 46.7%, an improvement from 44.1% a year ago.

“The improvement in the non-interest leverage ratio is a reflection of our commitment to grow non-interest revenues without proportional increases in operating expense,” commented Bradley. “We continue to analyze opportunities to enhance revenues and limit expenses, as we work towards our strategic goal of a non-interest leverage ratio in excess of 50%.”

In the first quarter of 2004, Peoples’ tax advantaged investments produced additional benefits, which reduced Peoples’ effective tax rate to 27.0% compared to 28.8% a year ago. The lower effective tax rate also accounted for a portion of Peoples’ first quarter earnings growth. The tax strategies employed are long-term and will help Peoples manage its overall tax burden in future years.

Nonperforming loans comprised 0.76% of total loans at March 31, 2004, compared to 0.73% at December 31, 2003, while nonperforming assets comprised 0.43% and 0.41% of total assets for the same periods, respectively. In the first quarter of 2004, Peoples’ provision for loan losses was $794,000, down from $915,000 in the prior quarter and down from $831,000 a year ago. At March 31, 2004, the allowance for loan losses was $14.8 million, or 1.62% of total loans, compared to $14.6 million, or 1.59% of total loans, at year-end 2003.

“Our long-standing commitment to sound underwriting standards, coupled with a diligent loan review process, have produced good quality loans,” stated Bradley. “In addition, our loan delinquencies have decreased modestly, and we have maintained solid asset quality ratios that compare favorably to our peers.”

In the first quarter of 2004, net loan chargeoffs were $595,000, up from $554,000 a year ago but down from $763,000 in the fourth quarter of 2003. Consumer loans comprised the largest portion of net chargeoffs, totaling $275,000 and $201,000 for the three months ended March 31, 2004 and 2003, respectively. Net chargeoffs relating to the Overdraft Privilege Program were $135,000 in the first quarter of 2004 versus $117,000 in 2003’s first quarter. Real estate net chargeoffs totaled $155,000 for the first three months of 2004, up from $7,000 for the same period in 2003. In the first quarter of 2004, Peoples’ commercial loan recoveries exceeded chargeoffs, resulting in net recoveries of $100,000 compared to net chargeoffs of $186,000 in 2003’s first quarter. A significant portion of the commercial loan recoveries relate to a group of loans, in a single customer relationship, which had been charged-down in the first half of 2002.

At March 31, 2004, loans totaled $910.8 million, down $4.2 million since year-end 2003, due to declines in real estate and consumer loans. Peoples also had $2.2 million of fixed-rate real estate loans originated and held for sale into the secondary market. Peoples is also servicing $85 million of fixed-rate real estate loans previously sold into the secondary markets due to the associated interest rate risk.

In late 2003, Peoples entered into an agreement to sell its existing credit card portfolio and formed an affiliation with an unrelated financial institution to serve the credit card needs of Peoples’ customers. Final settlement of the sale, which did not materially impact Peoples’ results of operation or financial position, occurred in the first quarter of 2004.

“Our first quarter results reflect the challenge of growing earnings with interest rates remaining at extremely low levels,” summarized Bradley. “We remain committed to a needs-based approach that fulfills the financial needs of our customers as a means of enhancing Peoples’ profitability. Our long-term objectives are best achieved in more normal economic and interest rate conditions.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.7 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through Peoples Bank’s 49 locations and 32 ATMs in Ohio, West Virginia and Kentucky. Peoples’ common shares are traded on the NASDAQ national market under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples or enroll in Peoples' Internet banking product at www.peoplesbancorp.com .

Conference Call to Discuss Earnings:
Peoples will conduct a facilitated conference call to discuss first quarter results of operations on April 16, 2004, at 4:00 p.m. eastern time, with members of Peoples’ executive management participating. Analysts, media and individual investors are invited to participate in the conference call by calling (888) 424-5801. A simultaneous Webcast of the conference call audio will be available online via the home page and/or Investor Relations section of www.peoplesbancorp.com . Participants are encouraged to call or sign in at least 15 minutes prior to the scheduled conference call time to ensure participation or download and install the necessary software. A replay of the call will be available on Peoples’ website for 30 days.

Please click here to request a copy of the complete earnings release.

PEOPLES BANCORP ANNOUNCES RETIREMENT OF DIRECTOR;
RE-ELECTION OF FOUR DIRECTORS
_____________________________________________________________________

April 13, 2004
Contact: Robert Evans, Chairman and CEO
(740) 373-3155

MARIETTA, Ohio - Peoples Bancorp Inc. (Nasdaq: PEBO) today announced the retirement of director Thomas C. Vadakin effective April 8, 2004, the date of Peoples Bancorp’s Annual Meeting of Shareholders.

“Tom’s insightful style of leadership has been an asset to Peoples Bancorp for the past 17 years,” said Robert E. Evans, Chairman and CEO. “We thank Tom for his dedication to our success and assistance in building Peoples Bancorp to the diversified financial services company it is today.”

Mr. Vadakin was appointed Director Emeritus of Peoples Bancorp at the company’s regular board meeting on April 8.

In other action at the Annual Meeting, shareholders re-elected Robert E. Evans, Robert W. Price, Paul T. Theisen, and Thomas J. Wolf to three-year terms as directors of Peoples Bancorp. With the retirement of Vadakin, Peoples Bancorp now has 11 directors.

Shareholders also approved a proposal to amend Peoples Bancorp’s Code of Regulations to designate additional officers, clarify and separate roles of the officers, and establish a leadership director. Vice Chairman of the Board Joseph H. Wesel was named Leadership Director, and will preside at meetings of the Board in executive session when the Chairman of the Board also holds an executive officer position.

“The changes are designed to keep the company up to date with changing governance guidelines,” concluded Evans. “Through its history, Peoples Bancorp has had a large majority of independent directors. The addition of a Leadership Director position will continue to strengthen their independent relationship to governance.”

At Peoples Bancorp’s reorganizational meeting on April 8, the Board of Directors appointed Rhonda L. Mears as Corporate Secretary. Ms. Mears replaces longtime Corporate Secretary Ruth I. Otto, who will retire on April 30, 2004.

Peoples Bancorp Inc., a diversified financial products and services company with $1.7 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through Peoples Bank’s 49 locations and 32 ATMs in Ohio, West Virginia, and Kentucky. Peoples Bancorp’s common shares are traded on the NASDAQ national market under the symbol “PEBO.” Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples Bancorp at www.peoplesbancorp.com .

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PEOPLES BANCORP TO ACQUIRE THE PUTNAM AGENCY
_____________________________________________________________________

April 8, 2004
Contact: Mark F Bradley, Chief Operating Officer
(740) 373-3155

MARIETTA, Ohio - Peoples Bancorp Inc. (Nasdaq: PEBO) announced today the signing of a definitive agreement by its insurance subsidiary, Peoples Insurance Agency, Inc., to acquire Putnam Agency, Inc., a full-service insurance agency that offers a wide range of property and casualty, life, and health insurance to both commercial and individual clients.

With offices located in Ashland, Kentucky and Huntington, West Virginia, the Putnam Agency has provided insurance services to clients since 1904. The proposed transaction includes the right to use the company’s name (“Putnam Agency”), which will operate as a division of Peoples Insurance Agency. The acquisition is consistent with Peoples Bancorp’s strategy of diversifying its business mix into financial services that complement core banking operations.

“We look forward to joining forces with the Putnam Agency,” said Mark F. Bradley, Peoples Bancorp’s Chief Operating Officer. “We have been looking to expand our insurance operations, and the Putnam Agency will bring strong, professional sales expertise to our existing agency portfolio. In addition, Putnam’s impressive list of insurance carriers will enhance our ability to further penetrate our existing client base.”

In 2003, the Putnam Agency had total revenues exceeding $4 million. All employees of the Putnam Agency, including key management and producers, will become employees and assume active leadership roles in the new organization.

“Our companies share the same core values: a commitment to client service and a 100-year commitment to the community,” stated Thomas C. Phipps, President of the Putnam Agency. “We have achieved our success with community minded employees, and I am pleased that our dedicated staff of professionals will remain with the agency to continue our long tradition of good service and growth in our markets.”

In the transaction, Peoples Insurance Agency will use a mix of cash and Peoples Bancorp stock to purchase substantially all of the assets and assume some of the liabilities of the Putnam Agency. The acquisition is expected to be completed on or about April 30, 2004.

“In addition to traditional banking and wealth management services, insurance continues to be one of the key elements in our solutions-based approach to meeting customer needs,” said Bradley. “We remain focused on opportunities to grow our company through businesses that complement our delivery model and geographic footprint.”

Peoples Bancorp Inc., a diversified financial products and services company with $1.7 billion in assets, makes available a complete line of banking, investment, insurance, and trust solutions through Peoples Bank’s 49 locations and 32 ATMs in Ohio, West Virginia, and Kentucky. Peoples Bancorp’s common shares are traded on the NASDAQ national market under the symbol “PEBO.” Peoples Bancorp is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples Bancorp at www.peoplesbancorp.com .

Forward-looking Statement:
This press release contains certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated there under, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 under the Securities Exchange Act, including certain plans, expectations, goals, and projections, about the benefits to Peoples Bancorp of Peoples Insurance Agency's acquisition of the Putnam Agency. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statements for a variety of factors such as: the businesses of Peoples Insurance Agency and the Putnam Agency may not be integrated successfully or such integration may take longer to accomplish than expected; the expected synergies from the acquisition may not be fully realized within the expected timeframes; disruption from the merger may make it more difficult to maintain relationships with clients, associates, or suppliers; the required approvals of the merger may not be obtained on the proposed terms and schedule; and other factors described in Peoples Bancorp's 2003 Annual Report on Form 10-K as filed with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available at the time of the release. Neither Peoples Bancorp nor the Putnam Agency assumes any obligation to update any forward-looking statement.

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