| ý PLEASE MARK      VOTES     AS IN THIS      EXAMPLE | REVOCABLE      PROXYOLD      FORGE BANK |   |
|------------------------------------------------------------------------------------|-----------------------------------------|--------|

|  SPECIAL MEETING      OF SHAREHOLDERS_____________ __, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  For       | Against             | Abstain             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|---------------------|---------------------|
| The      undersigned hereby appoints Michelene Pagnotti Kennedy and Michael L.      Jake, and either of them, with full power of substitution, as Proxies for      the shareholder, to attend the Special Meeting of the Shareholders of Old      Forge Bank (the “Bank”), to be held at      the _________, _______, _______, on ___________, ________ ___,      2009 at __ : __, local time, and any adjournments therof, and      to vote all shares of the common stock of the Bank that the shareholder is      entitled to vote upon each of the matters referred to in the Proxy and, at      their discretion, upon such other matters as may properly come before this      meeting. |   | 1. The      approval and adoption of the Agreement and Plan of Merger, dated as of      December 5, 2008, by and between Penseco Financial Services Corporation,      Penn Security Bank and Trust Company and Old Forge Bank, which provides      for, among other things the merger of Old Forge Bank with and into Penn      Security Bank and Trust Company, in a two-step      transaction.                                                                                                                                                                                                                                                                                              | o               | o                   |   o            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        For |        Against |        Abstain |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 2. The      approval of the adjournment of the Special Meeting if necessary, to      solicit additional proxies, in the event that there are not sufficient      votes at the time of the special meeting to approve the proposal to      approve and adopt the Plan of Merger.                                                                                                                                                                                                                                                                                                                                                                                                          | o               | o                   | o                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | THE      BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF THE LISTED      PROPOSALS. THIS      PROXY IS SOLICITED BY THE BOARD OF DIRECTORS. The undersigned acknowledges receipt from the Bank prior to the      execution of this proxy of a Notice of Meeting of Shareholders and of a      Proxy Statement for the Special Meeting of Shareholders dated _______ __,      2009, and hereby revokes any proxy or proxies heretofore      given. This Proxy, when properly executed, will be voted in the manner      directed herein by the shareholder of record. If no direction is      made, this Proxy will be voted FOR all Proposals.   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |            |                |                |

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                |   |   |   |
| Please be sure to date and signthis proxy      card in the box below |   |  Date |   |
|   Sign above                                                              |     |

----

|    PLEASE ACT      PROMPTLYPLEASE      COMPLETE, DATE, SIGN AND MAIL THIS PROXY CARD PROMPTLY IN THE ENCLOSED      POSTAGE-PAID ENVELOPE.Please      sign exactly as your name appears on this card. When shares are held by      joint tenants, both should sign. When signing as attorney, executor,      administrator, trustee or guardian, please give your full titleas such. If      a corporation, please sign in full corporate name by President or other      authorized officer. If a partnership, please sign in partnership name by      authorized person. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----