The bodies of both 17-year-old Paige Widmer and 33-year-old Amy Santus were taken to the local coroner's office for autopsy.
The identities of the two men reported missing from the group have not been released.
Officials said they were first alerted to a missing 21-foot bass fishing boat with four people on board around 6 p.m. Wednesday. The group had been fishing near Rattlesnake Island, northeast of Put-In-Bay, during the day Wednesday. A full-scale effort to locate the boat was in place by early Thursday morning.
By around 6 a.m., crews were able to locate the boat, partially submerged near Toussaint Reef, approximately five miles northeast of Locust Point, where the group launched Wednesday evening.
Crews continue to search, by air and on water, for two male boaters who remain missing.
The pick up truck and boat trailer belonging to at least one member of the group was found parked at Locust Point.