Corporate News

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 2009 cash dividend of $0.46 per share. The dividend is payable December 22, 2009 to shareholders of record December 8, 2009.

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 $2,257,000 and $6,868,000 for the three and nine months ended September 30, 2009 compared to $2,545,000 and $6,873,000 for the same periods of 2008.

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 2009 cash dividend of $0.46 per share.

The dividend is payable September 22, 2009 to shareholders of record September 8, 2009.

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, remained stable at $2,208,000 and $4,611,000 for the three and six months ended June 30, 2009 compared to $2,223,000 and $4,329,000 for the same periods of 2008.

Ronald A. Walko, President and CEO of Penns Woods Bancorp, Inc. announced today that its banking subsidiary, Jersey Shore State Bank, has been recognized by ICBA Independent Banker magazine for its 2008 performance of having the seventh highest return on equity for publicly held community banks with assets greater than $500 million. In addition, Penns Woods Bancorp, Inc. has been added to the Russell 3000® and the small-cap Russell 2000® Indexes.

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, 2010. To date, 118,656, or 60% of the total 197,000 shares have been repurchased.

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 2009 cash dividend of $0.46 per share.

The dividend is payable March 24, 2009 to shareholders of record March 10, 2009.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations (“operating earnings”), which excludes net securities gains and losses, increased 3.7% and 4.8% to $2,470,000 and $9,343,000 for the three and twelve months ended December 31, 2008 compared to $2,383,000 and $8,913,000 for the same periods of 2007.