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 second quarter 2007 cash dividend of $0.44 per share. The dividend represents an increase of 2% over the second quarter 2006. The dividend is payable June 25, 2007 to shareholders of record June 8, 2007. Previous press releases and additional information can be obtained from the company�s website at www.jssb.com.