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 2008 cash dividend of $0.46 per share. The dividend represents an increase of 4.5% over the second quarter 2007. The dividend is payable June 26, 2008 to shareholders of record June 12, 2008. Previous press releases and additional information can be obtained from the company�s website at www.jssb.com.