Exhibit 10.1
                                  ------------

                          Summary of Cash Compensation
                         Payable to Directors of Peoples
                       Bancorp Inc. Effective May 1, 2005



         At the meeting of the Board of Directors (the "Board") of Peoples
Bancorp Inc. ("Peoples") held on April 14, 2005, the Board, upon the
recommendation of the Compensation Committee, approved changes in the fees to be
paid to directors of Peoples and to directors of Peoples' subsidiary bank,
Peoples Bank, National Association ("Peoples Bank"). These changes will be
effective May 1, 2005.

         The quarterly fee to be paid to each director of Peoples, other than
Robert E. Evans and Mark F. Bradley, will be increased from $850 per calendar
quarter to $1,000 per calendar quarter; while the meeting fee will be increased
from $600 per meeting attended to $1,000 per meeting attended. Messrs. Evans and
Bradley will receive no quarterly fees or meeting fees in their respective
capacities as employee directors of Peoples.

         Each director of Peoples also serving on the Audit Committee of the
Peoples Board will receive $500 for attending each committee meeting of at least
30 minutes duration (up from $400) and continue to receive $100 for attending
each committee meeting of less than 30 minutes duration. In addition, the Chair
of the Audit Committee of the Peoples Board will receive an additional quarterly
fee of $1,250 per calendar quarter. Each director of Peoples also serving on the
Compensation Committee of the Peoples Board will receive $500 for attending each
committee meeting of at least 30 minutes duration (up from $200) and continue to
receive $100 for attending each committee meeting of less than 30 minutes
duration. In addition, the Chair of the Compensation Committee of the Peoples
Board will receive an additional quarterly fee of $750 per calendar quarter.
Each director of Peoples also serving on the Executive Committee of the Peoples
Board (other than Robert E. Evans and Mark F. Bradley) or the Governance and
Nominating Committee of the Peoples Board will continue to receive $200 for
attending each committee meeting of at least 30 minutes duration and $100 for
attending each committee meeting of less than 30 minutes duration. Messrs. Evans
and Bradley will receive no meeting fees in their respective capacities as
members of the Executive Committee of the Peoples Board.

         Each director of Peoples, other than Robert E. Evans and Mark F.
Bradley, who also serves as a director of Peoples Bank will continue to receive
$600 per calendar quarter as a quarterly fee and will receive $500 for each
meeting attended (up from $400 per meeting). Messrs. Evans and Bradley will
receive no quarterly fees or meeting fees in their respective capacities as
employee directors of Peoples Bank.

         In addition, each director of Peoples, other than Messrs. Evans and
Bradley, who also serves as a member of a Peoples Bank Board committee will
receive $200 for attending each Peoples Bank Board committee meeting of at least
30 minutes duration and $100 for attending each Peoples Bank Board committee
meeting of less than 30 minutes duration. Messrs. Evans and Bradley will receive
no meeting fees in their respective capacities as members of any committee of
the Peoples Bank Board.

         Directors who travel a distance of more than 50 miles (round trip) to
attend a Board or Board committee meeting of Peoples or Peoples Bank will
receive a $50 travel fee. A single travel fee of $50 will be paid for multiple
meetings occurring on the same day. In addition, if a director of Peoples or
Peoples Bank stays overnight to attend a meeting, that director will be
reimbursed the actual cost of overnight accommodations.