October 25, 2017

JSSB Receives Outstanding CRA Rating From FDIC

Ranked in the top 6% of all banks examined as Intermediate Small Banks.

2017 FDIC CRA Rating

This month the FDIC posted its public Outstanding CRA rating list. Jersey Shore State Bank, a subsidiary of Penns Woods Bancorp, Inc., was given an “outstanding” rating after being examined as an Intermediate Small Bank (ISB). This placed JSSB in the top 6% of all banks examined as ISBs.

The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990.

A consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, can be obtained at www.fdic.gov or from the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).

Penns Woods Bancorp, Inc. is the $1.3 billion parent company of Jersey Shore State Bank and Luzerne Bank. Jersey Shore State Bank operates fifteen branch offices providing financial services in Lycoming, Clinton, Centre, Montour and Union Counties. Luzerne Bank operates eight branch offices providing financial services in Luzerne and Lackawanna counties. Investment and insurances products are offered through Jersey Shore State Bank’s subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group.