EXHIBIT 99.1

PSB GROUP, INC. ANNOUNCES YEAR-END RESULTS

     Madison Heights, MI. February 12, 2008 -- PSB Group, Inc., (OTCBB: PSBG),
the bank holding company for Peoples State Bank, a Michigan state-chartered bank
with offices in Wayne, Oakland, Macomb and Genesee Counties, today reported a
loss for the fourth quarter of 2007 of $1,831,000 or $0.60 per average
outstanding share, compared to net income of $463,000, or $0.15 per average
outstanding share for the same period in 2006. Full year results for 2007
represent a loss of $2,742,000 or $0.89 per average share outstanding as of
December 31, 2007, compared to net income of $2,888,000 or $0.95 per average
share outstanding on December 31, 2006. Fourth quarter results were impacted by
a $3,178,000 addition to the allowance for loan losses, resulting from an
increase in the level of non-performing loans included in the loan portfolio of
the Company's subsidiary, Peoples State Bank.

     Total assets as of December 31, 2007 were $492,271,000 compared to
$497,234,000 on December 31, 2006. Total loans were $389,312,000 as of December
31, 2007 compared to $398,344,000 on December 31, 2006. Deposits were
$438,510,000 on December 31, 2007 compared to $433,960,000 at the same time in
2006.

     Michael J. Tierney, President & CEO, commenting on the year-end results,
said, "Peoples State Bank had a challenging year in 2007. Southeast Michigan had
and continues to have many economic challenges that are impacting all sectors of
our market, with real estate being the hardest hit. Southeast Michigan banks
faced one of the toughest economic years on record in 2007. We expect another
difficult economic year for Michigan businesses and consumers in 2008. Our Board
and management team are taking the necessary steps to improve our performance
even in a slow economy."

     "The principal weakness in our commercial loan portfolio was in loans to
residential real estate developers. We have taken aggressive action on our
non-performing loans and PSB has no exposure to the sub-prime mortgage lending
market although some of our mortgage loan clients are struggling with the poor
economy like everyone else. We sold $13.6 million of our mortgage loans in the
fourth quarter to reduce our residential real estate exposure. We are
continuously monitoring our entire loan portfolio in light of the difficult
Michigan economy."

     "There were many positive developments at Peoples State Bank during 2007.
We were named the 2007 BANK OF THE YEAR by the Oakland County Business Finance
Corporation. We continued to be one of the top 10 SBA lenders in the Michigan
district. We launched a new family of checking, savings, and cash management
products that sets us apart from other banks in our market. We opened two new
state-of-the-art banking facilities in Grosse Pointe Woods and Troy. Our Troy
office was bestowed BEST OF TROY honors by the Troy Chamber of Commerce and for
the third straight year we were named one of METROPOLITAN DETROIT'S 101 BEST AND
BRIGHTEST COMPANIES TO WORK FOR."

     Mr. Tierney added, "In 2008, we will work even harder to create value for
our shareholders, customers, and communities. We will continue to innovate and
develop state-of-the-art products and services, support our communities to the
best of our ability, and continue to provide the outstanding personal service
our customers expect from their local, hometown bank. We will also begin
preparing for our 100 year anniversary in 2009."

     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


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