Penns Woods Bancorp, Inc. and Jersey Shore State Bank Announces Resignation of James M. Furey II as Director
May 12, 2023 at 08:31 am EDT
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On May 11, 2023, James M. Furey II, a director of Penns Woods Bancorp, Inc. (the Company) and its wholly owned subsidiary, Jersey Shore State Bank (the Bank), resigned as a director of the Company and the Bank in accordance with the Company's mandatory director retirement bylaw, which requires a director to resign upon attaining age 76.
Penns Woods Bancorp, Inc. is a bank holding company. The Company operates, through its subsidiaries, namely Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (the Banks). The Banks engage in business as commercial banks, doing business at locations in Lycoming, Clinton, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. The Banks offers insurance, securities brokerage services, annuity and mutual fund investment products, and financial planning through the M Group, Inc. doing business as The Comprehensive Financial Group (M Group). Services offered by the Banks include accepting time, demand and savings deposits, including Super NOW accounts, statement savings accounts, money market accounts, and others. The Banks services also include making secured and unsecured business and consumer loans. Its subsidiaries also include Woods Real Estate Development Co., Inc., Woods Investment Company, Inc., The M Group Inc. and United Insurance Solutions, LLC.