PWOD Penns Woods Bancorp Inc

Penns Woods Bancorp, Inc., (NASDAQ:PWOD) the holding company of Jersey Shore State Bank, recently held its annual shareholders meeting. Ronald A. Walko, President and Chief Executive Officer of Penns Woods Bancorp, Inc. and Jersey Shore State Bank presided over the meeting. Brian L. Knepp Vice President - Finance; Thomas Donofrio, Executive Vice President/Chief Administrative Officer; Paul R. Mamolen, Chief Operating Officer and Senior Vice President of The Comprehensive Financial Group and Stephen M. Tasselli, Senior Vice President/Commercial Loan Manager presented informational reports discussing the company's performance during 2005. President Walko stated in his address to the shareholders "that it is wonderful to celebrate the past accomplishments of the company, but we must look forward to new challenges in the future." The following directors were re-elected to serve three-year terms for the corporation: James M. Furey, II; Leroy H. Keiler, III; James E. Plummer; and Hubert A. Valencik. S.R. Snodgrass, A.C. was ratified as the independent outside auditors for the company and an employee stock purchase program was also approved during the meeting. Penns Woods Bancorp, Inc. is a bank holding company with $579 million in assets. Investment and insurance products are also offered through Jersey Shore State Bank's subsidiary, The Comprehensive Financial Group. Penns Woods Bancorp, Inc. stock trades on the NASDAQ National Market under the symbol PWOD.