For Further Information Contact:

                             J. Gerald Bazewicz
                             President and
                             Chief Executive Officer
                             (570) 752-3671



                           Exhibit 99.1


                          PRESS RELEASE

                     FIRST KEYSTONE ANNOUNCES
                   FIRST QUARTER 2005 EARNINGS


Berwick, Pennsylvania - April 29, 2005 - First Keystone
Corporation (OTC BB: FKYS), parent company of The First National
Bank of Berwick, reported net income of $1,755,000 for the
quarter ending March 31, 2005, as compared to $1,856,000 for the
first quarter of 2004.  Return on assets and return on equity
annualized were 1.40% and 12.98%, respectively, for the quarter
ending March 31, 2005.

Earnings per share were $.40 for the first quarter of 2005,
compared to $.42 for the first quarter of 2004.  Cash dividends
per share were $.20 for the quarter ending March 31, 2005, an
increase of 15.6% over the first quarter of 2004.  Per share
amounts have been adjusted to reflect a 3 for 2 stock split in
the form of a 50% stock dividend paid May 11, 2004.

Total assets increased to $498,084,000 as of March 31, 2005, an
increase of 0.5% over the first quarter of 2004.  In addition,
total deposits increased $6,137,000 to $363,094,000 as of
March 31, 2005.  Shareholder equity remained strong at
$51,691,000 resulting in a leverage ratio of 9.85% as of March
31, 2005.

The First National Bank of Berwick, an independently owned
community bank since 1864, presently operates 10 full service
offices in Columbia (5), Luzerne (4), and Montour (1) Counties
providing banking and trust services.

Inquiries regarding the purchase of the company's stock may be
made through the following brokers:  Legg Mason Wood Walker,
Inc., 800-888-6673; Janney Montgomery Scott, Inc., 800-526-6397;
Ferris, Baker, Watts, Inc., 800-638-7411; F. J. Morrissey & Co.,
800-842-8928; Ryan, Beck and Company, 800-223-8969; and Boenning
& Scattergood, Inc., 800-883-8383.



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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 The First National Bank of Berwick or its
parent company, First Keystone Corporation, please contact J.
Gerald Bazewicz at 570-752-3671, extension 172.



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