EXHIBIT 99.1

PSB Group, Inc. Announces First-Quarter Financial Results

Madison Heights, MI. April 21, 2010 — PSB Group, Inc., (OTCBB: PSBG), the bank holding company for Peoples State Bank (PSB), a Michigan state-chartered bank with offices in Wayne, Oakland, Macomb and Genesee Counties, today reported net operating income of $.083 million or $0.02 per average outstanding share for the three months ended March 31, 2010 compared with a net operating loss of $9.028 million or $2.60 per average outstanding share for the fourth quarter of 2009, and a net operating loss of $1.778 million or $0.51 per average outstanding share for the first quarter of 2009.

Balance Sheet
Total assets at March 31, 2010 were $458.181 million compared to $462.029 million at December 31, 2009, and $480.594 million at March 31, 2009. Total loans were $352.369 million as of March 31, 2010 compared to $354.263 million at December 31, 2009, and $369.799 million at March 31, 2009. Total deposits were $438.608 million as of March 31, 2010 compared to $442.745 million at December 31, 2009, and $434.343 million at March 31, 2009.

Peoples State Bank continues to experience favorable deposit growth, in both the commercial and consumer checking categories. PSB does not utilize brokered deposits. The Southeast Michigan economy remains strained, so quality lending opportunities remain difficult to find. During the quarter, excess Fed Funds were invested in securities where more favorable yields can be realized.

Income Statement
Net interest income for the quarter was $4.147 million compared to $3.673 million for the fourth quarter of 2009, and $4.110 for the first quarter of 2009.

Non-interest income for the quarter was $1.139 million. Service charges on deposit accounts were $.608 million compared to $.659 million for the fourth quarter of 2009, and $.569 million for the first quarter of 2009. These results were considered seasonal and progression is expected further in the year. Prior quarters also had much stronger results from the gain on sale of securities and these opportunities did not present themselves during this quarter.

The net interest margin for the quarter ending March 31, 2010 improved to 3.78%. This compares to a net interest margin of 3.28% for the fourth quarter of 2009, and 3.68% for the first quarter of 2009. The improvements in the margin were the result of a combination of improved yields on the loan portfolio, and a further reduction in the cost of deposits. While elevated levels of non-performing loans continue to have an impact on our interest margin, interest expense has declined during the quarter as higher rate CDs mature and renew at lower rates.

Total non-interest expenses continued to improve during the quarter. Total non-interest expenses were $4.817 million for the quarter compared to $5.554 million for the fourth quarter of 2009, and $4.845 million in first quarter of 2009. This represents a 13.27% improvement from the fourth quarter and a .58% improvement from the first quarter of 2009. The Bank continues to refine its focus on efficient and effective resource utilization as it works through its asset quality issues. The total number of full time employees (FTE) was 124.0 at 3/31/2010 down from 128.5 at 12/31/2009. Our associates continue to train and enhance their customer service skills and responsiveness, which is a key element to the success of our strong deposit and operational results. During the first quarter, most expenses declined over comparable fourth quarter results with the exception of FDIC insurance costs. Those costs are expected to remain relatively constant during 2010, and we have planned for that event. Finally, other real estate owned expenses of $.292 million reflect a 70% reduction over fourth quarter 2009 results. Properties were liquidated at prices which accurately reflect our valuations.

Asset Quality
The quality of Peoples State Bank’s loan portfolio has been impacted by the challenging economic conditions. We continued to enhance our managed asset’s department, and re-assigned two seasoned lenders to this function.

Total non-performing loans, including Trouble Debt Restructured (TDR), at quarter end were $73 million vs. $63 million in the fourth quarter of 2009. Other real estate owned was $6.3 million which was essentially unchanged from the fourth quarter of 2009. For the quarter ending 3/31/2010, total non-performing assets stood at 17.34% of Total Assets. While we recognize that this level must be reduced, we are quite pleased that clients have performed under the agreements which have been worked out through the collaborative efforts of our Managed Assets Department. Peoples State Bank has developed many of its relationships in favorable economic times, over generations of service in the community. It is equally rewarding to be able to assist our customers during times of challenge.

Our provision for loan losses for the quarter was $.386 million compared to $9.791 in the fourth quarter of 2009, and $2.217 million for the first quarter of 2009. The loan loss reserve of $9.037 million represented 2.56% of total loans at March 31, 2010. This compares with a reserve of 2.67% or $9.469 million dollars at December 31, 2009. We feel this reserve level is appropriate given the challenges our customers continue to experience.

Vincent J. Szymborski, Executive Vice President and Chief Operating Officer commented, “We are pleased to announce the first quarterly profit for the Company since the first quarter of 2007. I am very pleased by the commitment to exceptional service and enthusiasm displayed by our associates. The organization continues to evolve and direct its efforts to work on solutions to our credit challenges. Both the operational and client contact departments within the company continue to look at methods and processes which improve our long term cost structure. The Senior Management team and staff remain very committed to the task ahead of us. While we are buoyed by some press reports of economic improvement, we recognize that many sectors within the Michigan economy may improve at a much slower pace. We continue to look for lending opportunities that meet our credit parameters. We remain mindful of our industry concentrations and continue to focus on quality and diversification.”

Mr. Szymborski concluded his comments by saying “As we look back on our first 101 years of service to the Southeast Michigan communities, we remain mindful of the strategic efforts and execution it has taken to get to this point. We are utilizing that knowledge and experience to address today’s issues, while laying the groundwork for our future, and that of Southeast Michigan.”

Except for the historical information contained herein, the matters discussed in the Release may be deemed forward-looking statements that involve risk and uncertainties. Words or phrases “will likely result”, “are expected to”, “expect”, “is anticipated”, “estimate”, “project”, or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Factors which could cause actual results to differ, include, but are not limited to, fluctuations in interest rates, changes in economic conditions of the bank’s market area, changes in policies by regulatory agencies, the acceptance of new products, the impact of competitive products and pricing and the other risks detailed from time to time in the Bank’s and Corporation’s reports. These forward-looking statements represent the Corporation’s judgment as of the date of this report. The Corporation disclaims, however, any intent or obligation to update these forward-looking statements.

PSB Group, Inc. is a registered holding company. Its primary subsidiary, Peoples State Bank, currently serves the southeastern Michigan area with 11 full-service banking offices in Farmington Hills, Fenton, Grosse Pointe Woods, Hamtramck, Madison Heights, Southfield, Sterling Heights, Troy and Warren. The bank has operated continuously under local ownership and management since it first opened for business in 1909.

Contact:		David A. Wilson
		Senior Vice President & CFO
		(248) 548-2900

PSB Group, Inc.

		03/31/10				12/31/09				09/30/09				06/30/09				03/31/09
ASSETS
Cash and Due from Banks			7,768				8,554				7,696				8,249				7,959
Federal Funds Sold			11,541				20,706				12,002				7,763				12,474
Investment Securities — available for sale at market			68,047				60,031				69,618				79,545				70,383
Loans			352,369				354,263				363,708				369,580				369,799
Less: Allowance for Loan Losses			(9,037	)			(9,469	)			(7,327	)			(7,044	)			(7,769	)
Net Loans			343,332				344,794				356,381				362,536				362,030
Loans Held for Sale			428				774				1,733				2,525				1,255
Premises and Equipment			15,768				15,937				16,148				16,395				13,837
Accrued Interest Receivable			2,423				2,244				2,473				2,770				2,327
Other Real Estate Owned			6,329				6,235				6,993				8,042				8,292
Other Assets			2,545				2,754				1,255				1,856				2,037
Total Assets		$	458,181			$	462,029			$	474,299			$	489,681			$	480,594
LIABILITIES & STOCKHOLDERS’ EQUITY
Deposits:
Non — Interest Bearing			56,972				54,647				54,330				55,450				53,638
Interest Bearing			381,636				388,098				385,721				389,822				380,705
Total Deposits			438,608				442,745				440,051				445,272				434,343
FHLB Advances			—				—				5,500				15,000				15,000
Long Term Debt			128				282				282				282				282
Accrued Interest Payable and Other Liabilities			2,285				2,284				2,351				2,985				2,444
Total Liabilities			441,021				445,311				448,184				463,539				452,069
Stockholders’ Equity:
Common Stock (no par value)			23,667				23,692				23,693				23,693				23,696
Unearned ESOP Benefits			(128	)			(282	)			(282	)			(282	)			(282	)
Common Stock Held in Trust			(410	)			(410	)			(410	)			(410	)			(410	)
Deferred Compensation Obligation			410				410				410				410				410
Add’l Paid in Capital-stock options/awards			1,250				1,096				1,015				923				821
Unearned Compensation			(1,287	)			(1,182	)			(1,168	)			(1,168	)			(1,163	)
Undivided Profits			(6,657	)			(6,740	)			2,288				2,961				4,413
Unrealized gain/(loss) on securities available for sale			315				134				569				15				1,040
Total Stockholders’ Equity			17,160				16,718				26,115				26,142				28,525
Total Liabilities & Stockholders’ Equity		$	458,181			$	462,029			$	474,299			$	489,681			$	480,594

PSB Group, Inc.

QUARTERLY STATEMENT OF INCOME

		3/31/2010				12/31/2009				9/30/2009				6/30/2009				3/31/2009
Interest Income
Loans, including fees		$	4,968			$	4,892			$	5,122			$	5,632			$	5,846
Securities:
Taxable			527				526				580				589				595
Tax-exempt			26				48				54				54				55
Federal Funds Sold			15				9				10				3				7
Total interest income			5,536				5,475				5,766				6,278				6,503
Interest Expense
Deposits			1,389				1,793				2,148				2,192				2,290
Short-term borrowings			0				9				0				0				0
Long term debt			0				0				78				106				103
Total interest expense			1,389				1,802				2,226				2,298				2,393
Net Interest Income — before provision for loan losses			4,147				3,673				3,540				3,980				4,110
Provision for Loan Losses			386				9,791				1,620				2,541				2,217
Net Interest Income — after provision for loan losses			3,761				(6,118	)			1,920				1,439				1,893
Other Operating Income
Service charges on deposit accounts			608				659				670				604				569
Gain on sale of mortgages			116				119				119				175				169
Gain (loss) on sale of available-for- sale securities			4				173				866				847				261
Other income			411				393				240				296				198
Total other operating income			1,139				1,344				1,895				1,922				1,197
Other Expenses
Salaries and employee benefits			1,782				1,976				1,933				2,025				2,171
Occupancy Costs			752				831				792				798				771
Legal and professional			566				640				340				312				433
ORE Expenses			292				980				231				352				520
FDIC Insurance			662				360				294				602				195
Other			763				767				898				724				755
Total other operating expenses			4,817				5,554				4,488				4,813				4,845
Income (loss) — before federal income tax expense (benefit)			83				(10,328	)			(673	)			(1,452	)			(1,755	)
Federal Income Tax Expense (benefit)			0				(1,300	)			0				0				23
Net Income (Loss)		$	83			$	(9,028	)		$	(673	)		$	(1,452	)		$	(1,778	)