For Further Information Contact:

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



                           Exhibit 99.1


                          PRESS RELEASE


              FIRST KEYSTONE CORPORATION ANNOUNCES
                   FOURTH QUARTER DIVIDEND AND
                 REINSTATED STOCK REPURCHASE PLAN

Berwick, Pennsylvania - November 29, 2007 - First Keystone
Corporation (OTC BB: FKYS), parent company of First Keystone
National Bank, declared a $.22 per share quarterly cash dividend
to shareholders of record as of December 11, 2007, payable
December 31, 2007.  With this fourth quarter dividend payment,
total cash dividends for the year 2007 will amount to $.88 per
share as compared to $.85 for year ending December 31, 2006, an
increase of 3.5%.

A stock repurchase plan, originally announced in December 2006
and suspended in May 2007 when First Keystone Corporation
announced its acquisition of Pocono Community Bank, Stroudsburg,
Pennsylvania, has been reinstated with the consummation of the
merger on November 1, 2007.  First Keystone Corporation
authorized the purchase of approximately 112,000 shares remaining
from its December 2006 announcement.  The shares will be
purchased in the open market or through privately negotiated
transactions.  Any repurchased shares will be added to the
corporate treasury and used for general corporate purposes.

First Keystone National Bank now operates 10 full service offices
in Columbia (5), Luzerne (4), and Montour (1) Counties providing
banking and trust services, as well as 4 full service offices in
Monroe County under the name Pocono Community Bank, a division of
First Keystone National Bank.

Inquiries regarding the purchase of the company's stock may be
made through the following brokers:  RBC Dain Rauscher,
      800-223-4207; 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.



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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 First Keystone National Bank or its
parent company, First Keystone Corporation, please contact J.
Gerald Bazewicz at 570-752-3671, extension 172.



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