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 fourth quarter 2008 cash dividend of $0.46 per share. The year to date 2008 dividends declared of $1.84 represent a $0.05 increase compared to the same period of 2007. The dividend is payable December 23, 2008 to shareholders of record December 9, 2008. Previous press releases and additional information can be obtained from the company�s website at www.jssb.com.