November 23, 2021

Penns Woods Bancorp, Inc. Announces 4th Quarter 2021 Dividend

Williamsport, PA – November 23, 2021 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 fourth quarter 2021 cash dividend of $0.32 per share.

The dividend is payable December 21, 2021 to shareholders of record December 7, 2021.

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

                        [email protected]

www.pwod.com