<SEC-DOCUMENT>0000737875-11-000012.txt : 20110526
<SEC-HEADER>0000737875-11-000012.hdr.sgml : 20110526
<ACCEPTANCE-DATETIME>20110526162458
ACCESSION NUMBER:		0000737875-11-000012
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110525
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20110526
DATE AS OF CHANGE:		20110526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST KEYSTONE CORP
		CENTRAL INDEX KEY:			0000737875
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				232249083
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21344
		FILM NUMBER:		11874367

	BUSINESS ADDRESS:	
		STREET 1:		111 W FRONT ST
		CITY:			BERWICK
		STATE:			PA
		ZIP:			18603
		BUSINESS PHONE:		570-752-3671 EXT 173

	MAIL ADDRESS:	
		STREET 1:		111 WEST FRONT STREET
		CITY:			BERWICK
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k05262011.txt
<TEXT>
         UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                             FORM 8-K


                          CURRENT REPORT

              PURSUANT TO SECTION 13 OR 15(D) OF THE
                 SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest reported): May 25, 2011



                    FIRST KEYSTONE CORPORATION
               ____________________________________
      (Exact name of registrant as specified in its Charter)


          PENNSYLVANIA             2-88927           23-2249083
       __________________         __________         _____________
        (State or other          (Commission         (IRS Employer
          jurisdiction          File Number)     Identification No.
       of incorporation)



111 West Front Street, Berwick, Pennsylvania       18603
____________________________________________      ________
  (Address of principal executive offices)       (Zip Code)


Registrant's telephone number, including area code: 570.752.3671


                               N/A
     _______________________________________________________
  (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General
Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the
     Securities Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the
     Exchange Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b)
     under the Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c)
     under the Exchange Act (17 CFR 240.13e-4(c))


<PAGE>


                    CURRENT REPORT ON FORM 8-K


Item 8.01  OTHER EVENTS

     On May 25, 2011, First Keystone Corporation, parent company
of First Keystone Community Bank, issued a press release
reporting the declaration of it's second quarter dividend.  A
copy of this press release is attached to this Current Report on
Form 8K as Exhibit 99.1.


Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS

     (a)   Financial Statements and Exhibits

           None.

     (b)   Pro Forma Financial Information

           None.

     (c)   Shell Company Transactions.

           Not applicable.

     (d)   Exhibits


Exhibit Number           Description
______________           ___________
99.1                     Press Release of First Keystone
                         Corporation dated May 25, 2011.



                              -2-


<PAGE>


                            Signatures


     Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this Current Report on
Form 8K to be signed on its behalf by the undersigned, thereunto
duly authorized.


FIRST KEYSTONE CORPORATION
(Registrant)




By:       /s/ Matthew P. Prosseda
          Matthew P. Prosseda
          Chief Executive Officer

Date:     May 26, 2011



                              -3-


<PAGE>


EXHIBIT INDEX

Exhibit Number           Description
______________           ___________

99.1                     Press Release of First Keystone
                         Corporation dated May 25, 2011


                              -4-
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99105262011.txt
<TEXT>

                           Exhibit 99.1


                          PRESS RELEASE


              FIRST KEYSTONE CORPORATION ANNOUNCES
                     SECOND QUARTER DIVIDEND

Berwick, Pennsylvania - May 25, 2011 - First Keystone Corporation
(OTC BB: FKYS), parent company of First Keystone Community Bank,
declared a $.24 per share quarterly cash dividend to shareholders
of record as of June 14, 2011, payable June 30, 2011.

Total cash dividends per share will be $.48 as of June 30, 2011,
up from $.46 paid in the first two quarters of 2010, an increase
of 4.3%.

First Keystone Community Bank, an independently owned community
bank since 1864, presently operates 15 full service offices in
Columbia (5), Luzerne (5), Montour (1) and Monroe (4) Counties
providing banking and trust services.

Inquiries regarding the purchase of the company's stock may be
made through the following brokers:  RBC Dain Rauscher,
800.223.4207; Janney Montgomery Scott, Inc., 800.526.6397;
Boenning & Scattergood, Inc., 800.883.8383; and Stifel Nicolaus &
Co. Inc., 800.223.6807.

Note:  This press release may contain forward looking statements
as defined in the Private Securities Litigation Reform Act of
1995.  Actual results and trends could differ materially from
those set forth in such statements due to various factors.  These
factors include operating, legal and regulatory risks; changing
economic and competitive conditions and other risks and
uncertainties.

For more information on First Keystone Community Bank or its
parent company, First Keystone Corporation, please contact
Matthew P. Prosseda at 570.752.3671.




                               -5-
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>