PWOD Penns Woods Bancorp Inc

Ronald A. Walko, President and Chief Executive Officer of Penns Woods Bancorp, Inc., (Nasdaq:PWOD) has announced that the Company's Board of Directors declared a Fourth Quarter 2005 cash dividend of $0.41 per share. The dividend represents an increase of 21% over the Fourth Quarter 2004 regular dividend and a 5% increase over the Third Quarter 2005 dividend. The dividend is payable December 19, 2005 to shareholders of record December 5, 2005. "During 2005 we strategically set out to increase shareholder value, in part, by providing a cash dividend for the year that would result in a return on investment at or exceeding four percent. Our continued strong earnings performance to date made it possible to accomplish this. Total cash dividends for the year increased from $1.47 per share in 2004 to $1.56 in 2005. In addition, a 6 for 5 stock split was approved and distributed to shareholders earlier this month due to the continued strong performance of the stock," commented Mr. Walko. Previous press releases and additional information can be obtained from the company's website at www.jssb.com.