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 third quarter 2008 cash dividend of $0.46 per share. The dividend represents an increase of 2.2% over the third quarter 2007, while the year to date 2008 dividends declared of $1.38 represent a $0.05 increase as compared to the same period of 2007. The dividend is payable September 23, 2008 to shareholders of record September 9, 2008. Previous press releases and additional information can be obtained from the company�s website at www.jssb.com.