Corporate News

2014

Penns Woods Bancorp, Inc. Reports Third Quarter 2014 Operating Earnings

Williamsport, PA — October 20, 2014

Penns Woods Bancorp, Inc. continued its solid earnings and growth during the recently completed third quarter of 2014, achieving net income of $11,725,000 for the nine months ended September 30, 2014 resulting in basic and dilutive earnings per share of $2.43.

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Penns Woods Bancorp, Inc. Reports Second Quarter 2014 Operating Earnings

Williamsport, PA - July 21, 2014

Penns Woods Bancorp, Inc. continued its solid earnings and growth during the recently completed second quarter of 2014, achieving net income of $6,932,000 for the six months ended June 30, 2014 resulting in basic and dilutive earnings per share of $1.44.

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Penns Woods Bancorp, Inc. Announces Quarterly Dividend

Williamsport, PA - May 29, 2014

Richard A. Grafmyre CFP®, 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 2014 cash dividend of $0.47 per share.

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Penns Woods Bancorp, Inc. Holds Annual Shareholders Meeting

Williamsport, PA - May 8, 2014

Penns Woods Bancorp, Inc., (NASDAQ: PWOD) the holding company of Jersey Shore State Bank and Luzerne Bank, recently held its annual shareholders' meeting.  Richard A. Grafmyre, CFP® President and CEO, presided over the meeting. 

President Grafmyre and Brian L. Knepp, CPA, Senior Vice President/CFO; discussed the company's performance during 2013, future strategic initiatives planned as well as issues that face the entire financial services industry.

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Penns Woods Bancorp, Inc. Reports First Quarter 2014 Operating Earnings

Williamsport, PA - April 18, 2014

Penns Woods Bancorp, Inc. continued its solid earnings and growth during the recently completed first quarter of 2014, achieving net income of $3,469,000 for the three months ended March 31, 2014 resulting in basic and dilutive earnings per share of $0.72.

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Penns Woods Bancorp, Inc. Announces Stock Repurchase Program

Williamsport, PA - April 15, 2014

Richard A. Grafmyre, President and CEO of Penns Woods Bancorp, Inc., (NASDAQ: PWOD) has announced that the Company's Board of Directors has authorized the repurchase of 10% of the outstanding shares of the Company.  The repurchase plan is for a one year period and allows for the repurchase of up to 482,000 shares or 10% of the shares outstanding.  

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Jersey Shore State Bank Announces Promotions

Williamsport, PA - April 18, 2014

Richard A. Grafmyre, CFP® President & CEO of Penns Woods Bancorp, Inc. (NASDAQ: PWOD) holding company for Jersey Shore State Bank announced the promotions of two key employees.  Tammy Gunsallus was promoted to the position of Chief Retail Lending Officer, and Stephanie Oakes was named the Company's Chief Deposit Officer.   

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Penns Woods Bancorp, Inc. banks raise funds for American Heart Association

Williamsport, PA - April 17, 2014

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) holding company for Jersey Shore State Bank and Luzerne Bank, recently sponsored a fundraiser for the American Heart Association which featured an $800 company matching donation.  Combined employee and company proceeds of $1,934 were presented to the American Heart Association.  To celebrate the successful event, employees wore red shirts and blue jeans to show support for the American Heart Association and its mission to "Build healthier lives, free of cardiovascular diseases and stroke." 

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Penns Woods Bancorp, Inc. recognized as top-performing community bank

Williamsport, PA - April 16, 2014

Richard A. Grafmyre, CFP® President and CEO of Penns Woods Bancorp, Inc. (PWOD) announced that Penns Woods Bancorp, Inc. was named one of the Top 100 Performing Community Banks of 2013 with assets between $500 million and $5 billion by SNL Financial. 

According to SNL Financial they evaluated "commercial banks and bank holding companies with assets between $500 million and $5 billion with 60 or fewer branches.   Additionally, at least one-third of the banks' balance sheets must be composed of loans, and less than half of total loans may be attributable to credit card lending. Moreover, banks had to be well-capitalized according to regulatory standards and could not have a majority of revenue derived from nontraditional banking activities."

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Penns Woods Bancorp, INC. CEO Honored by organization

Williamsport, PA - April 15, 2014

Richard A. Grafmyre, CFP®, President and CEO of Penns Woods Bancorp, Inc. (PWOD)  was recently honored at the annual Central Pennsylvania State of Israel Bonds Dinner in Williamsport, PA where he received the Star of David Award from the organization.

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Penns Woods Bancorp, INC. Announces Stock Repurchase Program

Williamsport, PA - April 15, 2014

Richard A. Grafmyre, President and CEO of Penns Woods Bancorp, Inc., (NASDAQ: PWOD) has announced that the Company's Board of Directors has authorized the repurchase of 10% of the outstanding shares of the Company.  The repurchase plan is for a one year period and allows for the repurchase of up to 482,000 shares or 10% of the shares outstanding.

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Jersey Shore State Bank honored by Pennsylvania Housing Finance Agency

Williamsport, PA - April 14, 2014

Jersey Shore State Bank, Subsidiary of Penns Woods Bancorp, Inc. (PWOD) was recently recognized by the Pennsylvania Housing Finance Agency (PHFA) for its 2013 performance. The bank's Mortgage Services Division received a high producer ranking of PHFA loans in Pennsylvania, top lender in PHFA HOMEstead Loans and the top producer of new PHFA Construction Loans.

 

The Pennsylvania Housing Finance Agency works to provide affordable homeownership

and rental housing options for older adults, low and moderate-income families, and people with

special housing needs.

 

Additional honors went to Brenda Bryerton, Kimberly Walker, Gina Wright, and Elizabeth Gretzler for being named as PHFA's top Loan Originators in 2013. Gretzler and Bryerton are Mortgage Consultants in the JSSB Centre County market area while Walker and Wright serve the Lycoming County market.

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Penns Woods Bancorp, Inc. Announces Quarterly Dividend

Williamsport, PA - February 25, 2014

Richard A. Grafmyre CFP®, 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 2014 cash dividend of $0.47 per share. 

 

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Penns Woods Bancorp, Inc. Reports Fourth Quarter 2013 Operating Earnings

Williamsport, PA - January 24, 2014

Penns Woods Bancorp, Inc. continued its solid earnings and growth during the recently completed fourth quarter of 2013, achieving net income of $14,084,000 for the twelve months ended December 31, 2013 resulting in basic and dilutive earnings per share of $3.19.

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JSSB Employees Invited to Testify in Front of Pennsylvania House Democratic Policy Committee

Williamsport, PA - January 22, 2014

Aron Carter, Senior Vice President/Enterprise Risk Management and John Frey, Vice President/Chief Compliance Officer for Jersey Shore State Bank, have been invited by Representative Richard Mirabito to testify on the impact of the Biggert-Waters Act in front of the Pennsylvania House Democratic Policy Committee in Harrisburg on January 27th

 

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