EXHIBIT 23.4

               CONSENT OF ALEX SHESHUNOFF & CO. INVESTMENT BANKING


We hereby consent to the inclusion in this Registration Statement on Form S-4 of
Peoples Bancorp Inc. of our opinion, dated March 3, 2003, set forth as Appendix
C to the proxy statement/prospectus, which is part of the Registration
Statement, and to the references to our firm and summarization of our opinion in
the proxy statement/prospectus under the captions "Summary - The Merger -
Opinion of Alex Sheshunoff & Co. Investment Banking, L.P.," "The Merger -
Background," "The Merger - Reasons for the Merger" and "The Merger - Opinion of
Alex Sheshunoff & Co. Investment Banking, L.P." By giving such consent, we do
not thereby admit that we come within the category of persons whose consent is
required under Section 7 of the Securities Act of 1933 or the rules and
regulations of the Securities and Exchange Commission thereunder.


                                     Alex Sheshunoff & Co.
                                     Investment Banking LP


                            By: /s/ CHARLES I. MILLER

                                    Charles I. Miller

AUSTIN, TX
March 6, 2003