Exhibit 99.1

     Penns Woods Bancorp, Inc. Announces 1st Quarter Earnings

     Mr. Ronald A. Walko, President and Chief Executive Officer
and Mr. Theodore H. Reich, Chairman Emeritus, announced first
quarter 2003 financial results for Penns Woods Bancorp, Inc.,
parent company of Jersey Shore State Bank.

     Consolidated net earnings for the three months ended
March 31, 2003 were $2,187,000 or $.72 per basic and dilutive
share.  This represents a 4.29% increase over the same period in
2002 when net earnings were $2,097,000 or $.69 per basic and
dilutive share.  Operating earnings, excluding net security
gains of $66,000, were $2,121,000 for the first three months of
2003 representing a 3.01% or $62,000 over the first quarter in
2002.

     Return on average assets and return on average equity at
March 31, 2003 were 1.87% and 13.49%, respectively.

     Penns Woods Bancorp, Inc. is the parent company of Jersey
Shore State Bank and has twelve branch offices providing
services in Lycoming, Clinton and Centre Counties.  Investment
and insurance products are also offered through the bank's
subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial
Group.

     Previous press releases and additional information can be
obtained from the company's website at www.jssb.com.

THIS INFORMATION IS SUBJECT TO YEAR-END AUDIT ADJUSTMENT.

Williamsport, PA

Contact:  Ronald A. Walko
          (570) 322-1111
          (888) 412-5772 (Toll-Free in Pennsylvania)
          jssb@jssb.com