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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                            DATE OF REPORT: 10/31/08
                        (Date of earliest event reported)

                     PENSECO FINANCIAL SERVICES CORPORATION
             (Exact name of registrant as specified in its charter)

                                    000-23777
                            (Commission File Number)

          PA                                              23-2939222
(State or other jurisdiction                (IRS Employer of Identification No.)
      of incorporation)


         150 NORTH WASHINGTON AVENUE, SCRANTON, PENNSYLVANIA 18503-1848
               (Address of principal executive offices) (Zip Code)

                                 (570) 346-7741
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):


[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))


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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On October 31, 2008, Penseco Financial Services Corporation ("the Company")
issued a press release announcing the Company's financial results for the three
and nine months ended September 30, 2008. The press release is included as
exhibit 99.1 to this current report and is furnished herewith.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

  (d.)  Exhibits


         99.1  Press Release, dated October 31, 2008, announcing the Company's
               financial results for the three and nine months ended September
               30, 2008.





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                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                         By:  /s/  CRAIG W. BEST
                                              ------------------------
                                              Craig W. Best
                                              President and CEO

Date:    October 31, 2008