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 first quarter 2008 cash dividend of $0.46 per share. The dividend represents an increase of 4.5% over the first quarter 2007. The dividend is payable March 25, 2008 to shareholders of record March 11, 2008. Previous press releases and additional information can be obtained from the company�s website at www.jssb.com.