April 29, 2009 (FinancialWire) — Penns Woods Bancorp, Inc.’s (NASDAQ: PWOD) (Current Market Cap: US$96.85 Mil.) board has authorized the extension of the company’s plan to repurchase up to 197,000 shares, or around 5% of the company’s outstanding shares, for an additional year, to April 30, 2010.

To date, 118,656, or 60% of the total 197,000 shares have been repurchased.

Jersey Shore, Pennsylvania-based Penns Woods Bancorp is the parent company of Jersey Shore State Bank, which operates twelve branch offices.

The company provides investment and insurance products through the bank’s subsidiary, The M Group, which does business as The Comprehensive Financial Group.

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