For Further Information Contact:

                             J. Gerald Bazewicz
                             President and
                             Chief Executive Officer
                             (570) 752-3671



                           Exhibit 99.1


                          PRESS RELEASE

               FIRST KEYSTONE CORPORATION ANNOUNCES
                      STOCK REPURCHASE PLAN

Berwick, Pennsylvania - June 24, 2003 - First Keystone
Corporation (OTC BB: FKYS), parent company of The First National
Bank of Berwick, announced that its Board of Directors authorized
a plan to purchase, in open market and privately negotiated
transactions, up to 100,000 shares of its outstanding common
stock.  This newly approved repurchase plan when combined with
25,644 shares remaining to be purchased under First Keystone's
repurchase plan announced in March 2001, represents approximately
4.25% of the outstanding shares of First Keystone's common stock.
In announcing the plan, J. Gerald Bazewicz, President and CEO of
First Keystone Corporation, stated the Board of Directors
believes the opportunity to purchase First Keystone Corporation's
common stock represents an attractive opportunity for the
Corporation and its shareholders.

Any repurchased shares will be added to the corporate treasury
and will be used for general corporate purposes.

The First National Bank of Berwick now operates 10 full service
offices in Columbia (5), Luzerne (4), and Montour (1) Counties
providing banking and trust services.

Inquiries regarding the purchase of the company's stock may be
made through the following brokers:  Legg Mason Wood Walker,
Inc., 800-888-6673; Janney Montgomery Scott, Inc., 800-526-6397;
Ferris, Baker, Watts, Inc., 800-638-7411; Ryan, Beck and Company,
800-223-8969; and Boenning & Scattergood, Inc., 800-883-8383.

Note:  This press release may contain forward-looking statements
as defined in the Private Securities Litigation Reform Act of
1995.  Actual results and trends could differ materially from
those set forth in such statements due to various factors.  These
factors include operating, legal and regulatory risks; changing
economic and competitive conditions and other risks and
uncertainties.

For more information on The First National Bank of Berwick or its
parent company, First Keystone Corporation, please contact J.
Gerald Bazewicz at 570-752-3671, extension 172.


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