PWOD
- Penns Woods Bancorp, Inc.
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Overview
Company Summary
Penns Woods Bancorp, Inc. (PWOD) is a financial holding company headquartered in Williamsport, Pennsylvania. Its primary subsidiary, Jersey Shore State Bank, is a state-chartered commercial bank operating in central Pennsylvania.
As a financial holding company, PWOD has the primary objective of managing and overseeing its subsidiary banks and other financial service providers. It provides strategic planning, capital allocation, risk management, and regulatory compliance guidance to ensure the overall success and sound operations of its subsidiaries.
Jersey Shore State Bank, operating under its own name, offers a wide range of banking services to individuals, businesses, and institutions. These services include deposit accounts such as checking, savings, and money market accounts, as well as various types of loans such as residential mortgages, commercial loans, and consumer loans. The bank also provides trust and investment services through its subsidiary, Woodlands Financial Services Company.
In addition to its core banking activities, PWOD engages in wealth management services, where it assists clients with financial planning, investment management, and insurance products through its subsidiary, Penns Woods Trust Company. This division caters to individuals, families, and businesses seeking personalized financial solutions to meet their short-term and long-term goals.
Overall, Penns Woods Bancorp, Inc., through its subsidiary banks and financial services, plays an essential role in the local economy by providing a comprehensive range of banking and financial services to its clients, contributing to the growth and development of the communities it serves.