PENNS WOODS BANCORP, INC. ANNOUNCES QUARTERLY DIVIDEND

Williamsport, PA November 22, 2005 – Ronald A. Walko, President and Chief Executive Officer of Penns Woods Bancorp, Inc., (Nasdaq:PWOD) has announced that the Company’s Board of Directors declared a Fourth Quarter 2005 cash dividend of $0.41 per share. The dividend represents an increase of 21% over the Fourth Quarter 2004 regular dividend and a 5% increase over the Third Quarter 2005 dividend. The dividend is payable December 19, 2005 to shareholders of record December 5, 2005.

“During 2005 we strategically set out to increase shareholder value, in part, by providing a cash dividend for the year that would result in a return on investment at or exceeding four percent. Our continued strong earnings performance to date made it possible to accomplish this. Total cash dividends for the year increased from $1.47 per share in 2004 to $1.56 in 2005. In addition, a 6 for 5 stock split was approved and distributed to shareholders earlier this month due to the continued strong performance of the stock,” commented Mr. Walko.

Contact:

Ronald A. Walko 570-322-1111 (888) 412-5772 (Toll-Free in Pennsylvania)

PENNS WOODS BANCORP, INC. ANNOUNCES STOCK SPLIT

Jersey Shore, PA – October 26, 2005 – Ronald A. Walko, President and Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors approved a 6 for 5 stock split on October 25, 2005. The split will increase shares outstanding by 20% or approximately 663,917 shares. Total outstanding shares after the split will total approximately 3,983,506. The split is payable November 18, 2005 to shareholders of record November 4, 2005. Cash will be paid in lieu of fractional shares.

Ronald A. Walko, President and Chief Executive Officer of Penns Woods Bancorp, Inc., stated that, "Over the years Penns Woods Bancorp, Inc. has been recognized as one of the top performing community banks in the country. We feel that the stock split will provide additional shareholder value, while increasing the attractiveness of the stock."

Contact:

Penns Woods Bancorp, Inc. Mr. Ronald A. Walko President and Chief Executive Officer 115 South Main Street Jersey Shore, PA 17740 570-322-1111

Penns Woods Bancorp, Inc. Announces 2005 Third Quarter Earnings

Jersey Shore, PA – October 17, 2005 –Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported net income for the three and nine months ended September 30, 2005 of $2,948,000 and $8,423,000 compared to $2,826,000 and $8,303,000 for the same periods of 2004. Basic and dilutive earnings per share for the three and nine months ended September 30, 2005 were $0.89 and $2.54 as compared to $0.85 and $2.50 for the three and nine months ended September 30, 2004. Return on average assets and return on average equity was 2.12% and 16.54% for the three months ended September 30, 2005 as compared to 2.07% and 16.07% for the corresponding period of 2004. The nine month earnings results correlate to a return on average assets and return on average equity of 2.05% and 14.94% as compared to 2.07% and 15.62% for the nine months ended September 30, 2004.

Net income from core operations for the three and nine months ended September 30, 2005, excluding security gains, were $2,581,000 and $7,199,000, respectively. Operating earnings for the three and nine months ended September 30, 2005 were impacted by additional bank-owned life insurance revenue of $196,000. Earnings for 2005 have also been impacted by the opening of our new North Atherton Street branch in State College in May 2005.

The net interest margin has increased for the nine months ended September 30, 2005 to 4.52% from 4.47% for the corresponding period of 2004. The increase is due to several factors including a shift in the investment portfolio to tax-exempt bonds. In addition, the growth in average earning assets of $10,407,000 was funded primarily with growth in average interest bearing deposits of $2,904,000 and growth of average demand deposits of $5,658.000.

Total assets increased $11,150,000 or 1.99% to $570,419,000 from $559,269,000 at September 30, 2004. A continued emphasis on commercial loans has led to an increase in the net loan portfolio of $13,676,000 from September 2004 to 2005. In addition to the loan growth, an investment in a low income housing complex was undertaken during the third quarter as part of the company’s reinvestment into the community and for corporate tax planning purposes.

“During the third quarter, we continued our focus on growing the company by following our game plan of making quality loans and providing quality customer service to each and every customer. The quality service is a result of the corporate team approach that has been developed over the years and the high service standards that our employees, management, and directors have set. It is our employees that have brought about our success and our employees that will continue to foster the growth and success of the company” stated Ronald A. Walko, President and Chief Executive Officer of Penns Woods Bancorp, Inc.

Shareholders’ equity increased $2,108,000 to $74,490,000 at September 30, 2005 as earnings outpaced a decline in accumulated other comprehensive income of $2,113,000. The current level of shareholders’ equity equates to a book value per share of $22.43 as compared to $21.81 at September 30, 2004. During the three months ended September 30, 2005 a dividend of $0.47 per share was paid to shareholders. The dividend represented a 34.3% increase over the dividend of $0.35 paid during the comparable period of 2004 and an increase of $0.01 or 2.2% over the second quarter 2005 dividend. A dividend of $1.38 has been paid during the nine months ended September 30, 2005 as compared to $1.05 for the comparable period of 2004 an increase of $0.33 or 31.4%. “The Board of Directors, during the first quarter of 2005, decided to substantially increase the quarterly dividend as a result of continued profitability and the decision to discontinue special dividends. This will create value for our shareholders as they will receive an increased quarterly dividend, while the company eliminates the cost associated with the distribution of the special dividend,” commented Mr. Walko. The range of closing prices for Penns Woods Bancorp, Inc. “PWOD” stock was between $44.11 and $45.96 during the three months ended September 30, 2005 and between $44.11 and $50.00 for the nine months ended September 30, 2005.

Penns Woods Bancorp, Inc. is the parent company of Jersey Shore State Bank, which operates twelve branch offices providing financial services in Lycoming, Clinton and Centre Counties. Investment and insurance products are offered through the bank’s subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group.

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THIS INFORMATION IS SUBJECT TO YEAR-END AUDIT ADJUSTMENT

Contact:

Ronald A. Walko (570) 322-1111 (888) 412-5772 (Toll-Free in Pennsylvania) jssb@jssb.com