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February 25, 2020

Penns Woods Bancorp, Inc. Announces First Quarter 2020 Dividend

Williamsport, PA – February 25, 2020  Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company’s Board of Directors declared a first quarter 2020 cash dividend of $0.32 per share.  The dividend represents an increase of $0.01 over the first quarter 2019 dividend as adjusted for a 3 for 2 common stock split during the third quarter of 2019.

The dividend is payable March 24, 2020 to shareholders of record March 10, 2020.  

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.pwod.com.

Contact:          Richard A. Grafmyre, Chief Executive Officer

                        300 Market Street, Williamsport,  PA,  17701

                        (570) 322-1111

                        (888) 412-5772

                        pwod@pwod.com

www.pwod.com