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Penns Woods Bancorp board approves 3-for-2 stock split

Williamsport, Pa.-based Penns Woods Bancorp Inc.'s board approved a 3-for-2 stock split of the bank's shares.

Following the stock split, the company's outstanding shares will increase by 50% to around 7,039,389 shares.

Stockholders will receive cash payments in lieu of fractional shares. The stock split is payable Sept. 30 to shareholders of record as of Sept. 17.