-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EnQvEc/l7pah9AXKXSrNfBbpbro4lQnfIZt5NJ/UNdAqVX3YKpJknLqMYLiW6FmC
 wVpLGjpsvzJZ2PYX01/5Kw==

<SEC-DOCUMENT>0001014100-10-000010.txt : 20100226
<SEC-HEADER>0001014100-10-000010.hdr.sgml : 20100226
<ACCEPTANCE-DATETIME>20100226152532
ACCESSION NUMBER:		0001014100-10-000010
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100226
FILED AS OF DATE:		20100226
DATE AS OF CHANGE:		20100226

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			McClary P Patrick
		CENTRAL INDEX KEY:			0001299002

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24169
		FILM NUMBER:		10638798

	MAIL ADDRESS:	
		STREET 1:		PO BOX 210
		STREET 2:		100 SPRING AVENUE
		CITY:			CHESTERTOWN
		STATE:			MD
		ZIP:			21620-0210

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEOPLES BANCORP INC/MD
		CENTRAL INDEX KEY:			0001060244
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				522027776
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 210
		STREET 2:		100 SPRING AVENUE
		CITY:			CHESTERTOWN
		STATE:			MD
		ZIP:			21620-0210
		BUSINESS PHONE:		4107783500

	MAIL ADDRESS:	
		STREET 1:		P O BOX 210
		STREET 2:		100 SPRING AVENUE
		CITY:			CHESTERTWON
		STATE:			MD
		ZIP:			21620
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>mcc74.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-02-26</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001060244</issuerCik>
        <issuerName>PEOPLES BANCORP INC/MD</issuerName>
        <issuerTradingSymbol>PEBC.PK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001299002</rptOwnerCik>
            <rptOwnerName>McClary P Patrick</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>P.O. BOX 210</rptOwnerStreet1>
            <rptOwnerStreet2>100 SPRING AVENUE</rptOwnerStreet2>
            <rptOwnerCity>CHESTERTOWN</rptOwnerCity>
            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>216200210</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-02-26</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>21</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>67.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>852.00</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>By: /s/ P. Patrick McClary</signatureName>
        <signatureDate>2010-02-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----