Exhibit 99.1


                          PRESS RELEASE


              FIRST KEYSTONE CORPORATION ANNOUNCES
                     SECOND QUARTER DIVIDEND

Berwick, Pennsylvania - May 24, 2012 - First Keystone Corporation
(OTC BB: FKYS), parent company of First Keystone Community Bank,
declared a $.25 per share quarterly cash dividend to shareholders
of record as of June 12, 2012, payable June 29, 2012.

Total cash dividends per share will be $.50 as of June 30, 2012,
up from $.48 paid in the first two quarters of 2011, an increase
of 4.2%.

First Keystone Community Bank, an independently owned community
bank since 1864, presently operates 16 full service offices in
Columbia (5), Luzerne (6), Montour (1) and Monroe (4) Counties
providing banking and trust services.

Inquiries regarding the purchase of the company's stock may be
made through the following brokers:  RBC Dain Rauscher,
800.223.4207; Janney Montgomery Scott, Inc., 800.526.6397;
Boenning & Scattergood, Inc., 800.883.8383; and Stifel Nicolaus &
Co. Inc., 800.223.6807.

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 Community Bank or its
parent company, First Keystone Corporation, please contact
Matthew P. Prosseda at 570.752.3671.





                               -5-