Codorus Valley Bancorp

Codorus Valley Bancorp, Inc. is a bank holding company for Peoples Bank, which engages in the provision of banking and financial services. It offers personal banking, mortgage banking, wealth management and real estate services. The company was founded on October 7, 1986 and is headquartered in York, PA.

Earnings data Q1 2024

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Codorus Valley Bancorp, Inc. is a one-bank holding company, which engages in the provision of banking services. It offers personal banking, mortgage banking, wealth management, and real estate services. The company was founded on October 7, 1986 and is headquartered in York, PA.

YORK, Pa., April 10, 2024 (GLOBE NEWSWIRE) -- On April 9, 2024, the Board of Directors of Codorus Valley Bancorp, Inc. (the “Corporation”) (Nasdaq: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.17 per common share, payable on May 14, 2024, to shareholders of record at the close of business on May 7, 2024.

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

NEW ORLEANS , Jan. 26, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

CODORUS VALLEY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Codorus Valley Bancorp, Inc. - CVLY

YORK, Pa., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley”, or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $5.5 million or $0.57 per diluted common share, for the quarter ended December 31, 2023. This compares to net income of $7.9 million or $0.83 per diluted common share, for the quarter ended December 31, 2022, representing a decrease of $2.4 million or 30.4 percent, and compares to net income of $5.9 million or $0.61 per diluted common share for the third quarter of 2023, representing a decrease of $400,000 or 7.8 percent.   Excluding the impact of $956,000 in merger-related expenses, net income and diluted earnings per share, respectively, were $6.2 million( 1) and $0.64(1) for the quarter ended December 31, 2023. For the year ended December 31, 2023, net income was $25.0 million or $2.59 per diluted share, compared to $20.1 million or $2.10 per diluted share, for the year ended December 31, 2022, representing an increase of $4.9 million or 24.3 percent. Excluding the impact of $956,000 in merger-related expenses, net income and diluted earnings per share, respectively, were $25.7 million( 1) and $2.67(1) for the year ended December 31, 2023.

Codorus Valley Bancorp, Inc. Reports Fourth Quarter 2023 Results and Record Earnings for the Year

Orrstown Financial

NEW YORK , Dec. 13, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) and its board of directors concerning the proposed acquisition of the company by Orrstown Financial Services, Inc. (NASDAQ: ORRF). Stockholders will receive 0.875 shares of Orrstown Financial Services common stock for each share of Codorus Valley Bancorp stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Codorus Valley Bancorp, Inc.

MILWAUKEE , Dec. 12, 2023 /PRNewswire/ -- Ademi LLP is investigating Codorus Valley (Nasdaq: CVLY) for possible breaches of fiduciary duty and other violations of law in its transaction with Orrstown. Click here to learn how to join the https://www.ademilaw.com/case/codorus-valley-bancorp-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Codorus Valley Bancorp, Inc. has obtained a Fair Price in its transaction with Orrstown

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) to Orrstown Financial Services, Inc. for 0.875 shares of Orrstown common stock for each share of Codorus common stock is fair to Codorus shareholders. Upon closing of the proposed transaction, Codorus shareholders will own approximately 44% of the outstanding shares of the combined company. Halper Sadeh encourages Codorus shareholders to clic.

CVLY Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Codorus Valley Bancorp, Inc. Is Fair to Shareholders

YORK, Pa., Oct. 31, 2023 (GLOBE NEWSWIRE) -- PeoplesBank, A Codorus Valley Company, and Driver Management Company LLC and its affiliates (collectively, “Driver Management”), have jointly announced the conclusion of their cooperation agreement, effective October 30, 2023. This amicable decision marks the end of a period of collaboration and opens new chapters for both parties.

PeoplesBank and Driver Management End Cooperation Agreement

Third quarter net income of $5.9 million compared to net income of $7.2 million in the quarter ended September 30, 2022, and $6.6 million in the quarter ended June 30, 2023; Net income of $19.5 million for the year ended September 30, 2023 compared to $12.2 million for the year ended September 30, 2022; Net interest margin of 3.81% for the nine months ended September 30, 2023, an increase from the net interest margin of 3.21% for the nine months ended September 30, 2022; Third quarter efficiency ratio of 66.95%; return on average assets of 1.08%; and return on equity of 12.64%; Steady performance in credit metrics with nonperforming assets to total loans of 0.47% at September 30, 2023, a decrease of 32.9% from the ratio at December 31, 2022; Cash dividend of $0.17 per common share payable on November 14, 2023, to holders of record on October 24, 2023. YORK, Pa., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley”, or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $5.9 million or $0.61 per diluted common share, for the quarter ended September 30, 2023.

Codorus Valley Bancorp, Inc. Reports Third Quarter 2023 Earnings

YORK, Pa., Sept. 14, 2023 (GLOBE NEWSWIRE) -- PeoplesBank, A Codorus Valley Company, is proud to share that the Pennsylvania Bankers Association has selected Courtney Kunkel, Electronic Banking Manager, as a 2023 PA Bankers Future Under 40 honoree. The PA Bankers' Future Under 40 Awards honor banking industry leaders, aged 40 years and younger, who have a tremendous impact on their institution, the community, and the industry.

Courtney Kunkel Selected as Future Under 40 Honoree

YORK, Pa., July 27, 2023 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley”, or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $6.6 million or $0.69 per diluted common share, for the quarter ended June 30, 2023. This compares to net income of $2.0 million or $0.20 per diluted common share, for the quarter ended June 30, 2022, representing an increase of $4.6 million or 238 percent, and compares to net income of $7.0 million or $0.73 per diluted common share for the first quarter of 2023, representing a decrease of $400,000 or 5.5 percent. For the first six months of 2023, net income was $13.6 million or $1.42 per diluted share, compared to $5.0 million or $0.52 per diluted share, for the first six months of 2022, representing an increase of $8.6 million or 172 percent.

Codorus Valley Bancorp, Inc. Reports Second Quarter 2023 Earnings

YORK, Pa., July 12, 2023 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. and PeoplesBank, A Codorus Valley Company, a subsidiary of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), today announce the resignation of Cynthia A. Dotzel, a valued member of the Board of Directors. The resignation, effective July 11, 2023, was tendered and accepted under good terms. The Board of Directors also conferred the title of Director Emeritus to Ms. Dotzel.

Codorus Valley Bancorp, Inc. and PeoplesBank, A Codorus Valley Company, Announce Resignation of Director of the Board

YORK, Pa., April 27, 2023 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley”, or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $7.0 million or $0.73 per diluted common share, for the first quarter of 2023. This compares to net income of $3.1 million or $0.32 per diluted common share, for the first quarter of 2022, representing an increase of $3.9 million or 129 percent and compares to net income of $7.9 million or $0.83 per diluted common share for the fourth quarter of 2022, representing a decrease of $900,000 or 11.9 percent.

Codorus Valley Bancorp, Inc. Reports First Quarter 2023 Earnings

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YORK, Pa., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley”, or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $7.9 million or $0.83 per diluted common share, for the fourth quarter of 2022. This compares to net income of $7.2 million or $0.75 per diluted common share for the third quarter of 2022, representing an increase of $0.7 million or 10.9 percent and net income of $2.7 million or $0.28 per diluted common share, for the fourth quarter of 2021. For the year ended December 31, 2022, net income was $20.1 million or $2.10 per diluted common share, compared to $14.7 million or $1.50 per diluted common share, for the year ended December 31, 2021.

Codorus Valley Bancorp, Inc. Reports Fourth Quarter and Year End 2022 Earnings

YORK, Pa., Jan. 11, 2023 (GLOBE NEWSWIRE) -- On January 10, 2023, the Board of Directors of Codorus Valley Bancorp, Inc. (the “Corporation”) (Nasdaq: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.16 per common share, payable on February 14, 2023, to shareholders of record at the close of business on January 24, 2023. This represents a $0.01 per common share increase from the quarterly cash dividend paid in the prior four quarters.

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend and Announces Share Repurchase Program

YORK, Pa., Nov. 22, 2022 (GLOBE NEWSWIRE) -- PeoplesBank, A Codorus Valley Company, a subsidiary of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), is donating its PeoplesBank Building (1 Manchester Street, Glen Rock, PA) to the Borough of Glen Rock Pennsylvania.

PeoplesBank Donates Landmark Building to Glen Rock Borough

YORK, Pa., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley”, or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $7.2 million or $0.75 per diluted common share, for the third quarter of 2022. This compares to net income of $2.0 million or $0.20 per diluted common share for the second quarter of 2022, representing an increase of $5.2 million or 266.3 percent and net income of $4.8 million or $0.49 per diluted common share, for the third quarter of 2021. For the nine months ended September 30, 2022, net income was $12.2 million or $1.27 per diluted common share, compared to $12.0 million or $1.22 per diluted common share, for the nine months ended September 30, 2021.

Codorus Valley Bancorp, Inc. Reports Third Quarter 2022 Earnings

YORK, Pa., July 28, 2022 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced net income of $2.0 million or $0.20 per diluted share, for the quarter ended June 30, 2022. This compares to a net income of $3.1 million or $0.32 per diluted share for the quarter ended March 31, 2022, representing a decrease of $1.1 million or 36.0 percent and net income of $3.3 million or $0.33 per diluted share, for the quarter ended June 30, 2021. For the first six months of 2022, net income was $5.0 million or $0.52 per diluted share, compared to $7.2 million or $0.73 per diluted share, for the first six months of 2021.

Codorus Valley Bancorp, Inc. Reports Second Quarter 2022 Earnings

Appoints Kent K. Matsumoto, Esq. as director

Codorus Valley Bancorp, Inc. Announces Board and Committee Appointments

YORK, Pa., April 28, 2022 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced net income of $3.1 million or $0.32 per diluted share, for the quarter ended March 31, 2022. This compares to a net income of $2.7 million or $0.28 per diluted share for the quarter ended December 31, 2021, representing an increase of $359,000 or 13.3 percent and net income of $3.9 million or $0.40 per diluted share, for the quarter ended March 31, 2021.

Codorus Valley Bancorp, Inc. Reports First Quarter 2022 Earnings

Three New Independent Directors to Join its Board of Directors

Codorus Valley Bancorp Announces Changes to Enhance Shareholder Value

Management has the unanimous support of Codorus Valley Bancorp's Board of Directors Management has the unanimous support of Codorus Valley Bancorp's Board of Directors

Codorus Valley Bancorp Issues Statement Regarding Recent Settlement Discussions with Driver Management

NEW YORK--(BUSINESS WIRE)--Driver Management Company LLC (together with its affiliates, “Driver” or “we”), the beneficial owner of 6.72% of the outstanding shares of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) (“Codorus Valley” or the “Company”), today made public key documents filed by the Company in federal court regarding the questionable $8.04 million loan (the "Faux-rrari loan") it issued for a replica Ferrari vehicle. The documents can be viewed here. Abbott Cooper, Driver's founder and m

Driver Management Makes Public Key Documents Related to Codorus Valley Bancorp's Questionable $8.04 Million Loan

YORK, Pa., March 09, 2022 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”), today issued the following statement in response to misleading statements in the latest letters issued by Driver Management Company LLC and its affiliates (collectively, “Driver Management”).

Codorus Valley Bancorp Addresses Misleading Statements in Driver Management's Latest Filing

YORK, Pa., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”), today confirmed receipt of notice from Driver Management Company LLC and its affiliates (collectively, “Driver Management”) of its intent to nominate three individuals to stand for election to Codorus Valley's Board of Directors (the “Board”) at the Corporation's 2022 Annual Meeting of Shareholders (the “2022 Annual Meeting”).

News for Codorus Valley Bancorp Stock (CVLY)