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Stock impact report

Penns Woods Bancorp, Inc. Announces Extension of Stock Repurchase Program

Penns Woods Bancorp, Inc. (PWOD) 
Company Research Source: GlobeNewswire
WILLIAMSPORT, Pa., April 30, 2020 (GLOBE NEWSWIRE) -- Richard A. Grafmyre, CEO of Penns Woods Bancorp, Inc., (NASDAQ: PWOD) has announced that the Company’s Board of Directors has authorized the extension of its repurchase plan.  The repurchase plan is for an additional year ending April 30, 2021 and allows for the repurchase of up to 723,000 shares of which approximately 29% has been repurchased to date. Repurchases are authorized to be made by the Company from time to time at the prevailing market prices on the open market, in block trades or in privately negotiated transactions as, in management’s opinion, market conditions warrant.  Shares repurchased will be held in Treasury. Penns Woods Bancorp, Inc. is the parent company of Jersey Shore State Bank, which operates seventeen branch offices providing financial services in Lycoming, Clinton, Centre, Montour, and Union Counties, and Luzerne Bank, which operates nine branch offices providing financial services in Luzerne County.  Show less Read more
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