August 23, 2016

Penns Woods Bancorp, Inc. Reports Third Quarter Dividend

Williamsport, PA – 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 third quarter 2016 cash dividend of $0.47 per share.

The dividend is payable September 20, 2016 to shareholders of record September 6, 2016.

About Penns Woods Bancorp, Inc.

Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank and Luzerne Bank. The banks serve customers in North Central and North Eastern Pennsylvania through their retail banking, commercial banking, mortgage services and financial services divisions. Penns Woods Bancorp, Inc. stock is listed on the NASDAQ National Market under the symbol PWOD.

Previous press releases and additional information can be obtained from the company’s website
at www.jssb.com.

Contact:

Richard A. Grafmyre, President and Chief Executive Officer
300 Market Street, Williamsport, PA, 17701
(570) 322-1111
(888) 412-5772
jssb@jssb.com
www.jssb.com