Exhibit 99.1


PSB ANNOUNCES SEARCH FOR NEW CEO

Wausau, Wisconsin - PSB Holdings, Inc. (PSB), parent company of Peoples State
Bank ("Peoples"), announced at its April 18, 2006 annual meeting that President
and Chief Executive Officer David K. Kopperud has announced his intention to
step down from executive responsibilities by January 1, 2007 as he targets early
retirement at age 62.  PSB intends Mr. Kopperud to continue with Peoples in a
relationship building role and continue on the PSB Board of Directors.  Mr.
Kopperud has served as President and Chief Executive Officer of PSB and Peoples
since 1999.

Peoples Chairman, Mr. Patrick L. Crooks, indicated that the Board of Directors
has been actively interviewing candidates for the position and expects a
decision by June 1, 2006 for an executive to be in place before January 1, 2007.

Peoples is a community bank founded in 1962 holding $500 million in total
assets.  The bank has a network of 8 offices throughout Central and Northern
Wisconsin providing financial services to families, individuals, and business
owners.  PSB Holdings, Inc. is publicly owned and traded under stock symbol
PSBQ.OB.

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