Penns Woods Bancorp, Inc. Recognized by ICBA and Joins Russell 3000 Index

Ronald A. Walko, President and CEO of Penns Woods Bancorp, Inc. (NASDAQ:PWOD), announced today that its banking subsidiary, Jersey Shore State Bank, has been recognized by ICBA Independent Banker magazine for its 2008 performance of having the seventh highest return on equity for publicly held community banks with assets greater than $500 million. In addition, Penns Woods Bancorp, Inc. has been added to the Russell 3000� and the small-cap Russell 2000� Indexes.

The Russell 3000� Index captures the 3,000 largest U.S. stocks, ranking them by total market capitalization. The largest 1,000 companies in the ranking comprise the Russell 1000� Index while the remaining 2,000 companies become the Russell 2000� Index.

�It is gratifying for the employees and shareholders of our company to be recognized by the ICBA Independent Banker and to be included in the Russell Indexes,� stated Walko. �Recognition by the financial community for our strong performance is a satisfying accomplishment.�

Penns Woods Bancorp, Inc., the bank holding company for Jersey Shore State Bank, has total assets of $667,861,000 and is publicly traded on the NASDAQ National Market under the symbol PWOD. Jersey Shore State Bank, with its main office in Jersey Shore, Pennsylvania, has twelve offices in Lycoming, Clinton, and Centre Counties, Pennsylvania. Investment and insurance products are offered through Jersey Shore State Bank�s subsidiary, The Comprehensive Financial Group.

Penns Woods Bancorp (NASDAQ:PWOD)
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