SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

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


         Date of Report (Date of earliest event reported): June 3, 1997


                                 PEOPLES BANCORP
             (Exact name of registrant as specified in its charter)


        Indiana                       0-18991                    35-1811284
(State or other jurisdiction        (Commission                I.R.S. Employer
    of incorporation)               File Number)             Identification No.)


212 West Seventh Street, Auburn, Indiana                                 46706
(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code:  (219)  925-2500



                                 Not Applicable
          (Former name or former address, if changed since last report)

<PAGE>

Item 5.  Other Events

On May 17,  1997,  the  Board of  Directors  authorized  establishment  of stock
repurchase program pursuant to which the registrant may repurchase up to 160,000
shares of its common stock, which represents approximately 7% of its outstanding
stock,  from  time  to  time  in the  open  market  or in  privately  negotiated
transactions.  Such stock  purchases  are  expected to be  completed  within two
years. For information  regarding the repurchase  program,  reference is made to
the  registrant's  press release dated June 3, 1997, which is attached hereto as
Exhibit A and incorporated herein by reference.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         Exhibit A -- Press Release dated June 3, 1997.


<PAGE>

                                   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 hereunto duly authorized.


 
                                                         PEOPLES BANCORP
 


                                                     By: Roger J. Wertenberger
                                                         Chairman of the Board


Date:  June 3, 1997


<PAGE>
                                    EXHIBIT A



FOR IMMEDIATE RELEASE               DATE:    June 3, 1997
                                    CONTACT: Roger J. Wertenberger
                                             (219) 925-2500

                PEOPLES BANCORP APPROVES STOCK REPURCHASE PROGRAM
                          

(AUBURN,  IN) -- Peoples  Bancorp today  announced that it is commencing a stock
repurchase  program  to  acquire up to 7% of the  Company's  outstanding  common
stock,  or  approximately  160,000  shares.  The program will be dependent  upon
market conditions,  and there is no guaranty as to the exact number of shares to
be repurchased by the Company.

Roger J. Wertenberger, Chairman of the Board of Peoples Bancorp, stated that the
Board of Directors has  authorized  the  expenditure of up to $4 million for the
repurchase  program,  which is expected to be  completed  within two years.  Mr.
Wertenberger  explained that the Board of Directors  considered  Peoples' common
stock to be an attractive investment.

According  to Mr.  Wertenberger,  the  repurchases  generally  would be effected
through open market  purchases,  although he did not rule out the possibility of
unsolicited negotiated transactions.

At March 31, 1997,  Peoples Bancorp  reported total assets of $283.2 million and
shareholders' equity of $43 million, or 15.18% of total assets.

Peoples Bancorp,  through its wholly owned  subsidiary,  Peoples Federal Savings
Bank,  offers an  extensive  line of banking  services to  northeastern  Indiana
through offices in Auburn,  Avilla,  Columbia City, Garrett,  Kendallville,  and
LaGrange.

The common  stock of Peoples  Bancorp is traded in the  National  Market  System
under the NASDAQ symbol PFDC.
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K STOCK REPURCHASE PLAN", "secsgml_size_bytes": 4107}]
{"company-data": {"conformed-name": "PEOPLES BANCORP", "cik": "0000869004", "assigned-sic": "6022", "irs-number": "351811284", "state-of-incorporation": "IN", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18991", "film-number": "97618440"}, "business-address": {"street1": "212 WEST 7TH ST", "city": "AUBURN", "state": "IN", "zip": "46706", "phone": "2199252500"}, "mail-address": {"street1": "212 WEST SEVENTH ST", "city": "AUBURN", "state": "IN", "zip": "46706"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

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

         Date of Report (Date of earliest event reported): June 3, 1997

                                 PEOPLES BANCORP
             (Exact name of registrant as specified in its charter)

        Indiana                       0-18991                    35-1811284
(State or other jurisdiction        (Commission                I.R.S. Employer
    of incorporation)               File Number)             Identification No.)

212 West Seventh Street, Auburn, Indiana                                 46706
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code:  (219)  925-2500

                                 Not Applicable
          (Former name or former address, if changed since last report)
Item 5.  Other Events

On May 17,  1997,  the  Board of  Directors  authorized  establishment  of stock
repurchase program pursuant to which the registrant may repurchase up to 160,000
shares of its common stock, which represents approximately 7% of its outstanding
stock,  from  time  to  time  in the  open  market  or in  privately  negotiated
transactions.  Such stock  purchases  are  expected to be  completed  within two
years. For information  regarding the repurchase  program,  reference is made to
the  registrant's  press release dated June 3, 1997, which is attached hereto as
Exhibit A and incorporated herein by reference.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         Exhibit A -- Press Release dated June 3, 1997.
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 hereunto duly authorized.

 
                                                         PEOPLES BANCORP
 

                                                     By: Roger J. Wertenberger
                                                         Chairman of the Board

Date:  June 3, 1997
EXHIBIT A

FOR IMMEDIATE RELEASE               DATE:    June 3, 1997
                                    CONTACT: Roger J. Wertenberger
                                             (219) 925-2500

                PEOPLES BANCORP APPROVES STOCK REPURCHASE PROGRAM
                          

(AUBURN,  IN) -- Peoples  Bancorp today  announced that it is commencing a stock
repurchase  program  to  acquire up to 7% of the  Company's  outstanding  common
stock,  or  approximately  160,000  shares.  The program will be dependent  upon
market conditions,  and there is no guaranty as to the exact number of shares to
be repurchased by the Company.

Roger J. Wertenberger, Chairman of the Board of Peoples Bancorp, stated that the
Board of Directors has  authorized  the  expenditure of up to $4 million for the
repurchase  program,  which is expected to be  completed  within two years.  Mr.
Wertenberger  explained that the Board of Directors  considered  Peoples' common
stock to be an attractive investment.

According  to Mr.  Wertenberger,  the  repurchases  generally  would be effected
through open market  purchases,  although he did not rule out the possibility of
unsolicited negotiated transactions.

At March 31, 1997,  Peoples Bancorp  reported total assets of $283.2 million and
shareholders' equity of $43 million, or 15.18% of total assets.

Peoples Bancorp,  through its wholly owned  subsidiary,  Peoples Federal Savings
Bank,  offers an  extensive  line of banking  services to  northeastern  Indiana
through offices in Auburn,  Avilla,  Columbia City, Garrett,  Kendallville,  and
LaGrange.

The common  stock of Peoples  Bancorp is traded in the  National  Market  System
under the NASDAQ symbol PFDC.