Corporate News

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations (“operating earnings”), which excludes net securities gains.

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 2008 cash dividend of $0.46 per share. The dividend represents an increase of 2.2% over the third quarter 2007, while the year to date 2008 dividends declared of $1.38 represent a $0.05 increase as compared to the same period of 2007.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations (“operating earnings”), which excludes net securities gains.

Brian L. Knepp, CPA has been named the Chief Financial Officer of Jersey Shore State Bank, subsidiary of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) according to Ronald A. Walko, President and CEO.

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. announced today that the company has been added to the Russell 3000® Index. Penns Woods Bancorp, Inc. will also be included in the small-cap Russell 2000® Index.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations (“operating earnings”), which excludes net securities gains, increased to $2,106,000 for the three months ended March 31, 2008 compared to $2,066,000 for the same period of 2007.

Jersey Shore State Bank was recently recognized by the Pennsylvania Housing Finance Agency (PHFA) for its performance in 2007. The bank’s 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 2008 cash dividend of $0.46 per share. The dividend represents an increase of 4.5% over the first quarter 2007.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) today reported that net income from core operations (“operating earnings”), which excludes net security gains and losses, increased to $2,383,000 and $8,913,000 for the three and twelve months ended December 31, 2007 compared to $2,100,000 and $8,539,000 for the same periods of 2006.