Penns Woods Bancorp, Inc. announces an Equity Buyback for 376,000 shares, representing 5% of its issued share capital.
May 28, 2024 at 04:26 pm
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Penns Woods Bancorp, Inc. (NasdaqGS:PWOD) announces a share repurchase program. Under the program, the company will repurchase up to 376,000 shares, representing 5% of its issued and outstanding share capital. The program will be valid for a period of one year, until May 31, 2025.
Penns Woods Bancorp, Inc. is a bank holding company. The Company operates, through its subsidiaries, namely Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (the Banks). The Banks engage in business as commercial banks, doing business at locations in Lycoming, Clinton, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. The Banks offers insurance, securities brokerage services, annuity and mutual fund investment products, and financial planning through the M Group, Inc. doing business as The Comprehensive Financial Group (M Group). Services offered by the Banks include accepting time, demand and savings deposits, including Super NOW accounts, statement savings accounts, money market accounts, and others. The Banks services also include making secured and unsecured business and consumer loans. Its subsidiaries also include Woods Real Estate Development Co., Inc., Woods Investment Company, Inc., The M Group Inc. and United Insurance Solutions, LLC.
PENNS WOODS BANCORP, INC. 
