Penns Woods Bancorp, Inc. (PWOD): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Penns Woods Bancorp, Inc. (PWOD), a key player in Pennsylvania's financial landscape?

With a history dating back to 1934 with the founding of Jersey Shore State Bank, and officially incorporated as Penns Woods Bancorp in 1983, the company has grown to have approximately $2.3 billion in assets, $1.7 billion in total deposits and $1.9 billion in total loans as of September 30, 2024. But how did it become a prominent bank holding company with a $193.06 million market cap, and what's the secret to its success? Read on to discover its journey, understand its ownership structure, and explore how it operates and generates revenue.

As of December 17, 2024, Penns Woods Bancorp entered into an agreement to be acquired by Northwest Bancshares in an all-stock transaction valued at approximately $270.4 million. The transaction is expected to close in the third quarter of 2025.

Penns Woods Bancorp, Inc. (PWOD) History

Penns Woods Bancorp, Inc. Founding Timeline

Year established

The bank was originally established in 1887.

Original location

The original location was in McElhattan, Pennsylvania.

Founding team members

Details on the specific founding team members are not readily available in the provided search results.

Initial capital/funding

Information regarding the initial capital or funding during the establishment of the bank in 1887 is not available in the provided search results.

Penns Woods Bancorp, Inc. Evolution Milestones

Penns Woods Bancorp, Inc. Transformative Moments

Throughout its history, the company has undergone several transformative moments that have shaped its trajectory. These include:

• Expansion through acquisitions: Strategic acquisitions of other banks and financial institutions have allowed the company to grow its market share and expand its service offerings.
• Adaptation to changing market conditions: The company has demonstrated an ability to adapt to evolving regulatory requirements, technological advancements, and economic cycles, ensuring its long-term sustainability.
• Focus on community banking: A consistent commitment to serving the needs of local communities has been a defining characteristic, fostering strong customer relationships and loyalty.

For an in-depth look at the company's financial standing, see Breaking Down Penns Woods Bancorp, Inc. (PWOD) Financial Health: Key Insights for Investors.

Penns Woods Bancorp, Inc. (PWOD) Ownership Structure

The ownership structure of Penns Woods Bancorp, Inc. (PWOD) reveals a mix of institutional and individual investors who influence the company's strategic direction and governance.

Current Status

Penns Woods Bancorp, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on the open market. This allows for a broad base of investors, from individuals to large institutions, to own a stake in the company. More insights can be found in this related article: Exploring Penns Woods Bancorp, Inc. (PWOD) Investor Profile: Who’s Buying and Why?

Ownership Breakdown

Understanding the ownership breakdown of PWOD provides valuable insights into who has the most significant influence on the company. Major shareholders can impact decisions made by the company through their voting rights and influence on the board of directors.

Leadership

The leadership team at Penns Woods Bancorp, Inc. is responsible for the day-to-day operations and strategic direction of the company. Key leaders include:

• James V. अलेक्जेंडर: President and Chief Executive Officer
• Robert M. Cole: Executive Vice President and Chief Financial Officer

Penns Woods Bancorp, Inc. (PWOD) Mission and Values

Penns Woods Bancorp, Inc. aims to deliver financial solutions while upholding strong community values. Their mission reflects a commitment to customer satisfaction, employee development, and shareholder value.

Penns Woods Bancorp, Inc. Core Purpose

Official mission statement

Penns Woods Bancorp, Inc. did not have a clearly defined, publicly accessible mission statement as of the information available up to April 2025. Mission statements often articulate a company's purpose and values, guiding its strategic decisions and daily operations. Without a direct mission statement, understanding their core values and purpose requires looking at their actions, community involvement, and overall corporate communications. You can also read more about the company's financial standing at: Breaking Down Penns Woods Bancorp, Inc. (PWOD) Financial Health: Key Insights for Investors.

Vision statement

Similarly, Penns Woods Bancorp, Inc. does not have an explicitly stated vision statement available in public records up to April 2025. A vision statement typically outlines a company's long-term aspirations and desired future state. In the absence of a formal vision statement, insights into the company's strategic direction can be gathered from their long-term goals, strategic initiatives, and communications to stakeholders.

Company slogan/tagline

As of April 2025, there is no widely recognized or officially declared slogan or tagline for Penns Woods Bancorp, Inc. Taglines are often used to encapsulate a company's brand identity and value proposition in a concise and memorable way. While a specific tagline isn't available, the company's commitment to community banking and personalized service likely serves as an informal representation of their brand.

Penns Woods Bancorp, Inc. (PWOD) How It Works

Penns Woods Bancorp, Inc. operates as the bank holding company for Jersey Shore State Bank, providing a range of financial services to individuals, businesses, and municipalities in Pennsylvania.

Penns Woods Bancorp's Product/Service Portfolio

Penns Woods Bancorp's Operational Framework

Penns Woods Bancorp operates through its subsidiary, Jersey Shore State Bank, focusing on community banking within its Pennsylvania footprint. The bank's operations are structured to foster local relationships and provide personalized financial solutions. Here's a breakdown of their operational framework:

• Deposit Gathering: Attracts deposits from individuals, businesses, and municipalities through various checking, savings, and money market accounts.
• Lending Activities: Extends credit through commercial loans, residential mortgages, and consumer loans, carefully assessing risk and adhering to regulatory guidelines.
• Investment Management: Manages an investment portfolio to generate income and maintain liquidity, balancing risk and return.
• Customer Service: Provides customer service through branch locations, online banking, and mobile platforms.
• Compliance and Risk Management: Ensures compliance with banking regulations and manages risks related to credit, interest rates, operations, and cybersecurity.

Penns Woods Bancorp's Strategic Advantages

Penns Woods Bancorp distinguishes itself through several strategic advantages that support its competitive position:

• Community Focus: Strong local presence and deep community ties, enabling personalized service and quicker decision-making.
• Relationship Banking: Emphasis on building long-term relationships with customers, leading to higher customer loyalty and retention.
• Experienced Management: Experienced leadership team with a thorough understanding of the local market and banking industry.
• Technological Adaptability: Investment in technology to enhance online and mobile banking services, catering to changing customer preferences.
• Risk Management: Conservative approach to risk management, ensuring financial stability and resilience.

More insights about the company can be found at: Mission Statement, Vision, & Core Values of Penns Woods Bancorp, Inc. (PWOD).

Penns Woods Bancorp, Inc. (PWOD) How It Makes Money

Penns Woods Bancorp, Inc. primarily generates revenue through traditional banking activities, such as taking deposits and providing loans.

Penns Woods Bancorp, Inc.'s Revenue Breakdown

Information on the specific breakdown of revenue streams for Penns Woods Bancorp, Inc. is limited in the provided search results. A detailed revenue breakdown would typically include interest income from loans, investment securities, service fees, and other non-interest income sources. Without current data, an accurate table cannot be created.

For a comprehensive understanding of Penns Woods Bancorp, Inc.'s revenue streams, consulting their latest financial reports is recommended.

Penns Woods Bancorp, Inc.'s Business Economics

The business economics of Penns Woods Bancorp, Inc. are influenced by several key factors:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability.
• Loan Portfolio Composition: The mix of commercial, residential, and consumer loans impacts the overall yield and risk profile.
• Operating Efficiency: Managing operating expenses relative to income is crucial for maintaining a healthy bottom line.
• Regulatory Environment: Banking regulations and compliance costs can affect profitability.
• Local Economic Conditions: The economic health of the communities served influences loan demand and credit quality.

Penns Woods Bancorp, Inc.'s Financial Performance

Analyzing Penns Woods Bancorp, Inc.'s financial performance involves looking at key metrics:

• Net Interest Margin (NIM): Measures the difference between interest income and interest expense as a percentage of earning assets. A higher NIM indicates greater profitability.
• Return on Assets (ROA): Indicates how efficiently the bank is using its assets to generate earnings.
• Return on Equity (ROE): Measures the return to shareholders on their investment in the bank.
• Efficiency Ratio: Measures operating expenses as a percentage of revenue. A lower ratio indicates greater efficiency.
• Asset Quality: Monitoring non-performing loans and loan loss reserves is essential for assessing the health of the loan portfolio.

For detailed insights into who is investing in Penns Woods Bancorp, Inc. and the motivations behind those investments, explore: Exploring Penns Woods Bancorp, Inc. (PWOD) Investor Profile: Who’s Buying and Why?

Penns Woods Bancorp, Inc. (PWOD) Market Position & Future Outlook

Penns Woods Bancorp, Inc. is strategically navigating a dynamic financial landscape, focusing on sustainable growth and maintaining a strong community bank presence. The company aims to capitalize on market opportunities while mitigating potential risks to ensure long-term value for its shareholders.

Competitive Landscape

The competitive landscape for Penns Woods Bancorp includes a mix of national and regional banks, as well as credit unions and other financial service providers. These institutions vie for market share by offering similar services, such as deposit accounts, loans, and wealth management solutions.

Opportunities & Challenges

Penns Woods Bancorp faces both opportunities and risks that will shape its future performance. Successfully navigating these factors will be crucial for maintaining its competitive edge and achieving its strategic goals.

Industry Position

Penns Woods Bancorp maintains a solid position as a community-focused bank within a competitive industry. To enhance its standing, the company focuses on:

• Leveraging technology to improve customer experience and operational efficiency.
• Strengthening relationships with local businesses and community organizations.
• Offering personalized financial solutions tailored to the needs of its customers.

For further insights into the company's investor profile, consider reading: Exploring Penns Woods Bancorp, Inc. (PWOD) Investor Profile: Who’s Buying and Why?