WILLIAMSPORT, Pa., May 23, 2023 (GLOBE NEWSWIRE) -- 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 second quarter 2023 cash dividend of $0.32 per share.

The dividend is payable June 20, 2023 to shareholders of record June 6, 2023.

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

Penns Woods Bancorp, Inc. Announces Quarterly Dividend