Corporate News

Richard A. Grafmyre, 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 2010 cash dividend of $0.46 per share. 

The dividend is payable December 21, 2010 to shareholders of record December 7, 2010.

For only the fifth time in its 76 year history, Jersey Shore State Bank has named a new President.  Richard A. Grafmyre, CFP® began his duties on October 29^th as the new President and CEO of Jersey Shore State Bank, and the bank's holding company Penns Woods Bancorp, Inc.  (NASDAQ:PWOD).  He will work with the former President and CEO, Ronald A. Walko for the next 12-14 months.  Walko has assumed the position of Chairman of the Board of Directors.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations ("operating earnings"), which is a non-GAAP measure of net income excluding net securities gains and losses, increased to $2,776,000 and $7,961,000 for the three and nine months ended September 30, 2010 compared to $2,257,000 and $6,868,000 for the same periods of 2009.

Ronald A. Walko, President and CEO of Penns Woods Bancorp, Inc. the bank holding company for Jersey Shore State Bank, has announced that the company was one of 32 institutions recently named to the 2010 Sandler O'Neill Sm-All Stars.

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 third quarter 2010 cash dividend of $0.46 per share. 

The dividend is payable September 21, 2010 to shareholders of record September 7, 2010

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations (“operating earnings”), which is a non-GAAP measure of net income excluding net securities gains and losses, increased to $2,735,000 and $5,185,000 for the three and six months ended June 30, 2010 compared to $2,208,000 and $4,611,000 for the same periods of 2009.  

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 second quarter 2010 cash dividend of $0.46 per share.

The dividend is payable June 22, 2010 to shareholders of record June 8, 2010.

Jersey Shore State Bank was recently recognized by the Pennsylvania Housing Finance Agency (PHFA) for its performance in 2009.  The Jersey Shore State Bank Mortgage Services department was ranked the third highest producer of PHFA loans in Pennsylvania, the top lender in PHFA HOMEstead Loans and the top PHFA construction lender.

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 first quarter 2010 cash dividend of $0.46 per share. 

The dividend is payable March 23, 2010 to shareholders of record March 9, 2010.

Penns Woods Bancorp, Inc., (NASDAQ: PWOD) the holding company of Jersey Shore State Bank, recently held its annual shareholders meeting. Ronald A. Walko, President and Chief Executive Officer of Penns Woods Bancorp, Inc. and Jersey Shore State Bank, presided over the meeting.

Ronald A. Walko, President and CEO of Penns Woods Bancorp, Inc., (NASDAQ: PWOD) has announced that the Company's Board of Directors has authorized the extension of its repurchase plan of up to 197,000 shares, or approximately 5%, of the outstanding shares of the Company for an additional year to April 30, 2011. To date, 118,656, or 60% of the total 197,000 shares have been repurchased.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations ("operating earnings"), which is a non-GAAP measure of net income excluding net securities gains and losses, was $2,450,000 for the three months ended March 31, 2010 compared to $2,403,000 for the same period of 2009.

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 first quarter 2010 cash dividend of $0.46 per share.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations ("operating earnings"), which is a non-GAAP measure of net income excluding net securities gains and losses was $2,423,000 and $9,291,000 for the three and twelve months ended December 31, 2009 compared to $2,470,000 and $9,343,000 for the same periods of 2008.