UNITED STATES
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): ~~September~~November 243, 2010

PSB GROUP, INC.

(Exact name of registrant as specified in its charter)


Michigan	000-50301	42-1591104
(State or other jurisdiction	(Commission File No.)	(IRS Employer
of incorporation)		Identification No.)

1800 East Twelve Mile Road, Madison Heights, Michigan 48071
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (248) 548-2900

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 OTHER EVENTS.

PSB Group, Inc. (the “Company”) announced that ~~the~~in ~~FDIC~~its ~~has~~wholly-owned ~~made~~bank ~~available~~subsidiary’s, ~~today a recently issued Prompt Corrective Action Directive to~~ Peoples State Bank (the “Bank”), ~~the~~most ~~wholly-owned~~recent ~~bank subsidiary~~Report of ~~the~~Condition ~~Company.~~and ~~The~~Income ~~Prompt~~for ~~Corrective Action Directive notifies~~ the ~~Bank~~quarter ~~that~~ended ~~the~~September ~~provisions~~30, ~~applicable~~2010 to(“Call aReport”) ~~significantly~~filed ~~undercapitalized~~with ~~bank~~the ~~now~~FDIC, ~~apply to~~ the Bank ~~since~~reported ~~the~~that ~~Bank failed~~its tangible equity to ~~submit~~total assets anratio ~~acceptable~~as ~~capital~~of ~~restoration~~the ~~plan~~end toof the ~~FDIC~~period was 1.85%.

Under the Prompt Corrective Action framework established under the Federal Deposit Corporation Improvement Act of 1991 (“FDICIA”), there are five capital tiers for banks:


	Total Risk-Based	Tier 1 Risk-Based
	Capital Ratio	Capital Ratio	Leverage Ratio
Well capitalized	10% or above	6% or above	5% or above
Adequately capitalized	8% or above	4% or above	4% or above
Undercapitalized	Less than 8%	Less than 4%	Less than 4%
Significantly undercapitalized	Less than 6%	Less than 3%	Less than 3%
Critically undercapitalized	—	—	A ratio of tangible equity to total assets of 2% or less

~~Pursuant~~Under to the Prompt Corrective Action ~~Directive~~framework ~~issued~~established under FDICIA, the failure to meet minimum capital requirements can initiate both mandatory and additional discretionary actions by regulators that could have a material adverse effect on the Bank and the Company. Each of the categories above subjects banks in such condition to increasing levels of regulatory scrutiny which frequently includes increased supervision; restrictions on operations, restrictions on the expansion ~~Bank~~of activities and growth; civil penalties, in some instances; and in the case of critically undercapitalized banks, the appointment of a conservator. The Prompt Corrective Action framework generally requires the FDIC to resolve the institution if the institution is ~~directed~~unable to raise ~~take~~sufficient ~~one~~capital orwithin ~~both~~90 days of the ~~following~~date ~~actions~~on towhich ~~recapitalize~~it was determined that the ~~Bank:~~institution was critically undercapitalized.

As disclosed in the Company’s Current Report on Form 8-K filed in September 2010, pursuant to a Prompt Corrective Action Directive issued to the Bank by the FDIC, the Bank has been directed to take one or both of the following actions to recapitalize the Bank:

	1.		The Bank shall sell enough voting shares or obligations of the Bank so that the Bank will be adequately capitalized after the sale; and/or

	2.		The Bank shall accept an offer to be acquired by a depository institution holding company or to combine with another insured depository institution.

~~Under~~The ~~the~~Company ~~Prompt~~recently ~~Corrective~~engaged ~~Action framework established under FDICIA,~~ the ~~failure to meet~~investment ~~minimum~~banking ~~capital~~firm ~~requirements~~of ~~can~~Cappello ~~initiate~~Capital ~~both~~Corp., ~~mandatory~~Santa ~~and~~Monica, ~~additional~~California, ~~discretionary~~to ~~actions~~assist ~~by regulators~~it ~~that~~in ~~could~~its ~~have~~efforts. aIn addition, ~~material~~the ~~adverse~~Company ~~effect~~recently ondistributed ~~the~~invitations ~~Bank~~of ~~and~~interest ~~the~~to ~~Company.~~select ~~Each~~bank ofholding ~~the~~companies ~~categories~~that ~~above~~it ~~subjects~~believes ~~banks~~are incapable ~~such~~of ~~condition~~completing toa ~~increasing~~transaction. ~~levels~~To-date, ofthe ~~regulatory~~Company’s ~~scrutiny~~efforts ~~which~~to ~~frequently~~recapitalize ~~includes~~the ~~increased~~Bank ~~supervision;~~have ~~restrictions~~not onbeen ~~operations,~~successful ~~restrictions~~and onin ~~the expansion~~light of ~~activities~~the ~~and~~Bank’s ~~growth;~~current ~~civil~~critically ~~penalties~~undercapitalized status, management indoes ~~some~~not ~~instances;~~view ~~and in~~ the ~~case~~prospects of ~~critically~~ ~~undercapitalized~~recapitalization ~~banks,~~as ~~the~~being likely ~~appointment~~given ofthe atimeframe ~~conservator~~for completion.

~~Management of~~ Separately, the Company isreported ~~committed~~that tothe ~~exploring~~Federal ~~all~~Reserve ~~feasible~~Bank ~~alternatives~~notified inthe ~~order~~Bank toon ~~comply~~November ~~with~~1, 2010 that the ~~Prompt~~critically ~~Corrective~~undercapitalized ~~Action~~rating ~~Directive.~~precludes the ~~The~~Bank ~~Company~~from ~~has~~borrowing ~~recently~~money ~~engaged~~at the Discount Window. This change ~~investment~~will ~~banking~~reduce ~~firm~~the liquidity of ~~Cappello~~the ~~Capital~~Bank ~~Corp.,~~by ~~Santa~~removing ~~Monica,~~a ~~California,~~$10 tomillion ~~assist~~dollar itsource ~~in its~~of ~~efforts~~funding. InThe ~~addition,~~Federal ~~the~~Home ~~Company~~Loan ~~recently~~Bank ~~distributed~~has ~~invitations~~agreed ofto ~~interest~~continue lending to the ~~select~~Bank ~~bank holding~~as ~~companies~~needed ~~that~~with itcollateral. ~~believes~~The line ~~are~~at ~~capable~~FHLB ofis ~~completing~~$22 million and will be advanced on a ~~transaction~~case by case basis if necessary. ~~To-date,~~Liquidity at the ~~Company’s~~Bank ~~capital~~is ~~raising~~based ~~efforts~~on ~~have~~the ~~not~~FHLB ~~been~~line ~~successful~~of credit, deposits, saleable investment securities and principal payments on loans. ~~The~~At ~~Company~~this ~~remains~~time ~~subject~~management todoes ~~the~~not ~~risks~~expect ~~that~~there ~~its~~to ~~capital~~be ~~raising~~any ~~efforts~~liquidity ~~and~~issue ~~efforts~~but there is less liquidity available due to ~~combine~~the ~~with~~removal ~~another~~of ~~financial~~the ~~institution~~Bank's borrowing ~~will~~ability ~~not~~from bethe ~~successful~~Federal Reserve Bank.

The Prompt Corrective Action Directive is available on the FDIC’s website at www.fdic.gov, by selecting “FDIC Enforcement Decisions and Orders” and “What’s New — Recent Orders & Decisions” thereunder. The Prompt Corrective Action Directive appears under the caption, “FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o (Prompt Corrective Actions).” The Prompt Corrective Action Directive is also attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit Number 99.1 Prompt Corrective Action Directive.

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.

	PSB GROUP, INC.
Dated: September 24, 2010	By:	/s/ David A. Wilson
Dated: November 3, 2010	By:	/s/ David A. Wilson
		David A. Wilson
		Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description
99.1		Prompt Corrective Action Directive

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