SECURITIES AND EXCHANGE COMMISSION


                              Washington, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): August 28, 2003

                       Peoples Ohio Financial Corporation
                       ----------------------------------
             (Exact name of registrant as specified in its charter)



         Ohio                          0-49619                   31-1795575
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(State of Incorporation)         (Commission File No.)          (IRS Employer
                                                             Identification No.)




                    635 South Market Street, Troy, Ohio 45373
                    -----------------------------------------
                    (Address of principal executive offices)


Registrant's telephone number, including area code:  (937) 339-5000






                                    FORM 8-K

Item 5. Other Events.
- ------  ------------

     The following was contained in a press release issued by Peoples Ohio
Financial Corporation on August 28, 2003:


Thursday, August 28, 2003


NEWS RELEASE
- ------------
For Further Information
For Immediate Release
Contact:  Linda Daniel
          VP Mktg./Adm.
          (937) 339-5000


                       PEOPLES OHIO FINANCIAL CORPORATION
                      INCREASES SEMI-ANNUAL DIVIDEND BY 33%


The Board of Directors and Management of Peoples Ohio Financial Corporation,
parent company of Peoples Savings Bank (Troy-Piqua-Clayton), announces approval
of a semi-annual dividend of 6c per share to be paid on October 7, 2003, to
shareholders of record on September 15, 2003.

This reflects an increase of 33% over the previously-issued dividend (April
2003) and is part of a progression of dividend increases initiated over two
years ago.

According to Ron Scott, President/CEO, the dividend level is evidence of Peoples
historic earnings strength as a local financial organization which maintains a
high level of products and services for customers while being committed to
providing value to its shareholders.

"Peoples Savings Bank works diligently to benefit both customers and
shareholders," Scott emphasized. He pointed out that current tax laws provide
favorable incentives for increased dividends to shareholders . . . a situation
which even improves value to those who hold Peoples shares.

Peoples Savings Bank has banking centers, ATM locations and trust offices in
Troy, Piqua and Clayton. Originally chartered under Ohio law in 1890, Peoples
Savings Bank created a savings and loan holding company, Peoples Ohio Financial
Corporation, effective January 2002. Common shares of Peoples stock are now
traded in the over-the-counter market under the symbol "POHF."





                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.


                                            PEOPLES OHIO FINANCIAL CORPORATION



                                            By: /s/ Ronald B. Scott
                                                -------------------------------
                                                Ronald B. Scott
                                                President


Date:  August 28, 2003