NASDAQ, PWOD - Penns Woods Bancorp
On January 7, 1983, Penns Woods Bancorp, Inc. (the ?Company?) was incorporated
under the laws of the Commonwealth of Pennsylvania as a bank holding company.
The Jersey Shore State Bank (the ?Bank?) became a wholly owned subsidiary of the
Company, and each outstanding share of Bank common stock was converted into one
share of Company common stock. This transaction was approved by the
shareholders of the Bank on April 11, 1983 and was officially effective on
July 12, 1983. The Company?s two other wholly-owned subsidiaries are Woods Real
Estate Development Company, Inc. and Woods Investment Company, Inc. The
Company?s business has consisted primarily of managing and supervising the Bank,
and its principal source of income has been dividends paid by the Bank and Woods
Investment Company, Inc. ...
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