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 first quarter 2012 cash dividend of $0.47 per share. The dividend represents an increase of 2.2% over the first quarter 2011 dividend and an increase of $0.01 over the previous dividend paid during the fourth quarter 2011.

The dividend is payable March 22, 2012 to shareholders of record March 14, 2012.

About Penns Woods Bancorp, Inc.

Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank. The bank serves customers in North Central Pennsylvania through its 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.