and History
On January 7,
1983, Penns Woods Bancorp, Inc. (the Company) was incorporated under the laws
of the Commonwealth of Pennsylvania as a bank holding company. The Jersey Shore State Bank (the Bank)
became a wholly owned subsidiary of the Company, and each outstanding share of
Bank common stock was converted into one share of Company common stock. This transaction was approved by the
shareholders of the Bank on April 11, 1983 and was officially effective on July
12, 1983. The Companys two other
wholly-owned subsidiaries are Woods Real Estate Development Company, Inc. and
Woods Investment Company, Inc. The
Companys...