PSFC
ANNOUNCES STOCK SPLITS




Contact:
            Douglas
      StewartDebra
      Geuy(937)
      492-6129







Sidney, Ohio, April 14, 2008 –
Peoples-Sidney Financial Corporation (OTCBB: PSFC) (the “Company”) today
announced that its Board of Directors has authorized the Company to seek
stockholder approval at a special meeting to implement a reverse stock split to
be followed immediately by a forward stock split as part of a “going private”
transaction.  The date of the special meeting of stockholders has not
yet been determined.




The
Company’s Board of Directors has authorized the Company to seek stockholder
approval to authorize an amendment to PSFC’s Certificate of Incorporation to
effect a 1-for-600 reverse stock split of the issued and outstanding shares of
the Company’s common stock to be followed immediately by an amendment to PSFC’s
Certificate of Incorporation to effect a 600-for-1 forward stock split of PSFC’s
common shares (collectively, the “Stock Splits”).  As of the date of
the Stock Splits, it is anticipated that (a) each stockholder of record owning
fewer than 600 common shares of PSFC immediately before the effective time of
the Stock Splits will receive $13.47 in cash, without interest, for each PSFC
common share owned by such stockholder immediately prior to the Stock Splits and
will no longer be a stockholder of PSFC; and (b) each stockholder of record of
600 or more PSFC shares immediately before the effective time of the Stock
Splits will continue to hold the same number of shares after the Stock Splits
and will not receive any cash.




The
Company filed a preliminary proxy statement regarding the special meeting to be
held to consider the Stock Splits proposal with the Securities and Exchange
Commission (the “SEC”) on April 14, 2008, and it is anticipated that the Company
will mail a definitive proxy statement containing the date of the special
meeting of stockholders and other information regarding the Stock Splits to its
stockholders upon the completion of the SEC’s review.




The
Company intends to terminate the registration of its common stock under the
Securities Exchange Act of 1934 after the Stock Splits.  If that
occurs, the Company will no longer file periodic reports with the Securities and
Exchange Commission, including annual reports on Form 10-KSB and quarterly
reports on Form 10-QSB, and it will no longer be subject to the SEC’s proxy
rules.  It is expected that, after the Stock Splits, the Company’s
common shares will continue to be quoted on the Over-the-Counter Bulletin
Board.




The Stock
Splits will require the approval of a majority of the outstanding PSFC shares
entitled to vote at the special meeting.




When used
in this press release or other public or shareholder communications, in filings
by the Corporation with the Securities and Exchange Commission and in oral
statements made with the approval of an authorized executive office, the words
or phrases “should result,” “will likely result,” “will enable,” “are expected
to,” “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.  Such statements are subject
to certain risks and uncertainties, including changes in economic conditions in
the Corporation’s market area, changes in policies by regulatory agencies,
fluctuations in interest rates, demand for loans in the Corporation’s market
area and competition, that could cause actual results to differ materially from
historical results and those presently anticipated or projected.  The
Corporation wishes to caution readers not to place undue reliance on such
forward-looking statements, which speak only as of the date made.  The
Corporation wishes to advise readers that the factors listed could affect the
Corporation’s financial performance and could cause the Corporation’s actual
results for future periods to differ materially from any opinions or statements
expressed with respect to future periods in any current statements.







The
Corporation does not undertake-and specifically declines any obligation-to
publicly release the result of any revisions which may be made to any
forward-looking statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or unanticipated
events.