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.

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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.

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”).

Codorus Valley Bancorp Confirms Receipt of Driver Management's Notice of Intent to Nominate Directors at the Annual Meeting

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 issued a statement regarding its decision to nominate three highly-qualified and independent candidates for election to the Company's Board of Directors (the "Board") at the 2022 Annual Meeting of Shareholders (the "Annual Meeting"). Abbott Coope

Driver Management Nominates Three Highly-Qualified, Independent Candidates for Election to Codorus Valley Bancorp's Board of Directors

YORK, Pa, Jan. 27, 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 $2.7 million or $0.28 per diluted share, for the quarter ended December 31, 2021, as compared to net income of $4.8 million or $0.48 per diluted share, for the quarter ended December 31, 2020 and net income of $4.8 million or $0.49 per diluted share for the quarter ended September 30, 2021, representing a decrease of 43.4 percent and 43.7 percent, respectively.  For the twelve months ended December 31, 2021, net income was $14.7 million or $1.50 per diluted share, compared to $8.4 million or $0.86 per diluted share, for the twelve months ended December 31, 2020, an increase of 73.6 percent.

Codorus Valley Bancorp, Inc. Reports Fourth Quarter 2021 Earnings

YORK, Pa., Jan. 18, 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 that it had successfully completed the $5 million treasury stock repurchase program announced on August 31, 2021, and that its Board of Directors had approved a new treasury stock repurchase program.

Codorus Valley Bancorp, Inc. Approves New Share Repurchase Program

Codorus Valley Bancorp, Inc. Announces Board and Committee Appointments; Enhances Corporate Governance Practices

YORK, Pa., Oct. 28, 2021 (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 $4.8 million or $0.49 per diluted share, for the quarter ended September 30, 2021, as compared to net income of $3.6 million or $0.37 per diluted share, for the quarter ended September 30, 2020 and net income of $3.3 million or $0.33 per diluted share for the quarter ended June 30, 2021, representing increases of 32 percent and 46 percent, respectively. For the first nine months of 2021, net income was $12.0 million or $1.22 per diluted share, compared to $3.7 million or $0.38 per diluted share, for the first nine months of 2020.

Codorus Valley Bancorp, Inc. Reports Third Quarter 2021 Earnings

Larry J. Miller to Serve as Executive Chair through Dec. 31, 2021 Larry J. Miller to Serve as Executive Chair through Dec. 31, 2021

Codorus Valley Bancorp, Inc. Appoints Craig L. Kauffman as President and CEO Effective October 1, 2021

YORK, Pa., July 22, 2021 (GLOBE NEWSWIRE) -- PeoplesBank, a Codorus Valley Company, a financial services subsidiary of Codorus Valley Bancorp, Inc., announced plans to relocate and expand its Hunt Valley Financial Center in December 2021, pending regulatory approval.  This new location has increased capacity to consolidate business, mortgage, and wealth operations in Maryland and provide clients an enhanced retail banking experience. The proposed location at 203 International Circle, Hunt Valley, Maryland is centrally located in a high traffic area, while remaining within close proximity to the current Hunt Valley location.

PeoplesBank Announces Relocation and Expansion of Its Hunt Valley Financial Center

YORK, Pa., July 22, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $3.3 million or $0.33 per share basic and diluted, for the quarter ended June 30, 2021, as compared to net income of $3.1 million or $0.31 per share basic and diluted, for the quarter ended June 30, 2020. For the first six months of 2021, net income was $7.2 million or $0.73 per share basic and diluted, compared to $61,000 or $0.01 per share basic and diluted, for the first six months of 2020.   “Earnings for the second quarter 2021 increased by 6.5 percent over the same period in 2020,” stated Larry J. Miller, Chairman, President/CEO. Miller added, “the Company continues to focus on several strategic initiatives related to asset and non-interest income growth, market optimization, including plans to relocate the Hunt Valley Financial Center, and several new product deployments.”

Codorus Valley Bancorp, Inc. Reports Second Quarter 2021 Earnings

YORK, Pa., July 14, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Nasdaq: CVLY), parent company of PeoplesBank, a Codorus Valley Company (collectively “the Company”), announced that Cynthia A. Dotzel, CPA has been appointed as Vice Chair and Lead Director of the Board of Codorus Valley. Dotzel succeeds Harry R. Swift Esq., who served as Vice Chair and Lead Director since 2017 until his retirement in May 2021. She is the first female to hold this role in the Company's history.

Codorus Valley Bancorp, Inc. Announces Board Appointment

YORK, Pa., July 14, 2021 (GLOBE NEWSWIRE) -- On July 13, 2021, the Board of Directors of Codorus Valley Bancorp, Inc. (Nasdaq: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.11 per common share, payable on August 10, 2021, to shareholders of record at the close of business on July 27, 2021, which is the same as the prior quarter's regular cash dividend. In addition, the Board declared a special cash dividend of $0.02 per common share, payable on August 10, 2021, to shareholders of record at the close of business on July 27, 2021, which is the same as the prior quarter's special cash dividend.

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend and Special Dividend

YORK, Pa., May 21, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced the retirement of Director Harry R. Swift, Esq. from the Boards of Directors of the Corporation and PeoplesBank, effective as of May 31, 2021.

Codorus Valley Bancorp, Inc. Announces Retirement of Director Harry R. Swift, Esq.

YORK, Pa., April 22, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $3.9 million or $0.40 per share basic and diluted, for the quarter ended March 31, 2021, as compared to a net loss of $3.0 million or ($0.31) per share basic and diluted, for the quarter ended March 31, 2020.

Codorus Valley Bancorp, Inc. Reports First Quarter 2021 Earnings

YORK, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $4.8 million or $0.49 per share basic and $0.48 per share diluted, for the quarter ended December 31, 2020, as compared to net income of $4.5 million or $0.46 per share basic and diluted, for the quarter ended December 31, 2019. For the year ended December 31, 2020, net income was $8.4 million or $0.86 per share basic and diluted, compared to $18.6 million or $1.89 per share basic and $1.88 per share diluted, for the year ended December 31, 2019.

Codorus Valley Bancorp, Inc. Reports Fourth Quarter and Full Year 2020 Earnings

YORK, Pa., Dec. 09, 2020 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Company”) (NASDAQ: CVLY), the parent company for PeoplesBank, A Codorus Valley Company (“PeoplesBank”), which is the parent company of PeoplesWealth Advisors, today announced the completion of a private placement of $31.0 million in aggregate principal amount of 4.50% Fixed-to-Floating Rate Subordinated Unsecured Notes due 2030 (the “Notes”). The Company intends to utilize the net proceeds for general corporate purposes.

Codorus Valley Bancorp, Inc. Completes $31.0 Million Subordinated Debt Offering

YORK, Pa., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $3.6 million or $0.37 per share basic and diluted, for the quarter ended September 30, 2020, as compared to net income of $5.2 million or $0.53 per share basic and $0.52 per share diluted, for the quarter ended September 30, 2019. For the first nine months of 2020, net income was $3.7 million or $0.38 per share basic and diluted, compared to $14.2 million or $1.43 per share basic and $1.42 per share diluted, for the first nine months of 2019.

Codorus Valley Bancorp, Inc. Reports Third Quarter 2020 Earnings

YORK, Pa., July  23, 2020  (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $3.1 million or $0.31 per share basic and diluted, for the quarter ended June 30, 2020, as compared to net income of $4.9 million or $0.49 per share basic and diluted, for the quarter ended June 30, 2019.  For the first six months of 2020, net income was $61,000 or $0.01 per share basic and diluted, compared to $9.0 million or $0.90 per share basic and diluted, for the first six months of 2019.

Codorus Valley Bancorp, Inc.  Reports Second Quarter 2020 Earnings

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This article series provides a weekly summary of dividend changes, including dividend increases and dividend cuts or suspensions.

Dividend Changes: July 11-17, 2020

Codorus Valley Bancorp: Cheap But Not Quite Inexpensive

YORK, Pa., Feb.  14, 2020  (GLOBE NEWSWIRE) -- Larry J. Miller, Chairman of the Board of Directors of Codorus Valley Bancorp, Inc. (the “Company”), has announced that Sarah M. Brown and J. Rodney Messick have joined its Board of Directors.

Codorus Valley Bancorp, Inc. Names Two to the Board of Directors

YORK, Pa., Jan.  22, 2020  (GLOBE NEWSWIRE) -- PeoplesBank, A Codorus Valley Company, will be launching a refreshed brand, including a new logo, colors, and brand messaging to the market in March 2020.

PeoplesBank to Launch Refreshed Brand in March 2020

YORK, Pa., Jan.  15, 2020  (GLOBE NEWSWIRE) -- On January 14, 2020, the Board of Directors of Codorus Valley Bancorp, Inc. (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 11, 2020, to shareholders of record at the close of business on January 28, 2020.      

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