Penns Woods Bancorp, Inc. Announces Extension Of Stock Repurchase Program
Penns Woods Bancorp, Inc., (NASDAQ: PWOD) has announced that the Company's Board of Directors has authorized the extension of its repurchase plan of up to 197,000 shares, or approximately 5%, of the outstanding shares of the Company for an additional year to April 30, 2013. To date, 120,224, or 61% of the total 197,000 shares have been repurchased.
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.
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