Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce Receipt of Regulatory Approvals for Merger of Equals SHIPPENSBURG, Pa. and YORK, Pa., June 17, 2024 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (“Orrstown”) (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. (“Codorus Valley”) (NASDAQ: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, today announced that they have received the requisite regulatory approvals and waivers from the Board of Governors of the Federal Reserve System and the Pennsylvania Depa...
Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce Receipt of Shareholder Approvals for Merger of Equals SHIPPENSBURG, Pa. and YORK, Pa., May 30, 2024 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (“Orrstown”) (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. (“Codorus Valley”) (NASDAQ: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, today announced that they each received shareholder approval for the previously announced merger of equals. At a special meeting of shareholders held on May 30, 2024, Cod...
Codorus Valley Bancorp, Inc. Reports First Quarter 2024 Results First quarter net income of $4.3 million compared to net income of $7.0 million in the quarter ended March 31, 2023, and $5.5 million in the quarter ended December 31, 2023;Net interest margin of 3.34% for the quarter ended March 31, 2024, a 66-basis point decrease from the net interest margin of 4.00% for the quarter ended March 31, 2023;Tier 1 leverage capital ratio of 10.80% for the quarter ending March 31, 2024, a 60-basis point increase from the tier 1 leverage capital ratio of 10.20% for the quarter ending March 31, 2023;...
Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend 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. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest indepen...
Codorus Valley Bancorp, Inc. Reports Fourth Quarter 2023 Results and Record Earnings for the Year Fourth quarter net income of $5.5 million compared to net income of $7.9 million in the quarter ended December 31, 2022, and $5.9 million in the quarter ended September 30, 2023;Net income of $25.0 million for the year ended December 31, 2023, compared to net income of $20.1 million for the year ended December 31, 2022;Net interest margin of 3.76% for the year ended December 31, 2023, a 37-basis point increase from the net interest margin of 3.39% for the year ended December 31, 2022;Year-to-da...
Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend YORK, Pa., Jan. 10, 2024 (GLOBE NEWSWIRE) -- On January 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 February 13, 2024, to shareholders of record at the close of business on January 23, 2024. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the larg...
Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce a Merger of Equals to Create a Premier Pennsylvania and Maryland Community Banking Franchise SHIPPENSBURG, Pa. and YORK, Pa., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (“Orrstown”) (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. (“Codorus Valley”) (NASDAQ: CVLY), the parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”), today announced they have entered into a definitive agreement pursuant to which Codorus Valley will merge with and...
PeoplesBank and Driver Management End Cooperation Agreement 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. Craig L. Kauffman, President and CEO of PeoplesBank, expressed the bank's appreciation for the valuable contributions of Driver Management during the per...
Codorus Valley Bancorp, Inc. Reports Third Quarter 2023 Earnings 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 av...
Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend YORK, Pa., Oct. 11, 2023 (GLOBE NEWSWIRE) -- On October 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 $0.17 per common share, payable on November 14, 2023, to shareholders of record at the close of business on October 24, 2023. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the l...
Courtney Kunkel Selected as Future Under 40 Honoree 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. “In my short time with PeoplesBank, Courtney has had an incredible impact on our team,” said Gina Trump, VP, Di...
Codorus Valley Bancorp, Inc. Reports Second Quarter 2023 Earnings Second quarter net income of $6.6 million compared to net income of $2.0 million in the quarter ended June 30, 2022, and $7.0 million in the quarter ended March 31, 2023;63 basis point increase in net interest margin from the quarter ended June 30, 2022, and 19 basis point decrease from the quarter ended March 31, 2023, to 3.81 percent;Second quarter efficiency ratio of 64.19 percent; return on average assets of 1.22 percent; and return on equity of 14.17 percent;Steady performance in credit metrics with nonperforming assets ...
Codorus Valley Bancorp, Inc. and PeoplesBank, A Codorus Valley Company, Announce Resignation of Director of the Board 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. During Ms. Dotzel's 12-year tenu...
Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend YORK, Pa., July 12, 2023 (GLOBE NEWSWIRE) -- On July 11, 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 $0.17 per common share, payable on August 8, 2023, to shareholders of record at the close of business on July 25, 2023, which is an increase of $0.01 or 6 percent over the prior quarter’s cash dividend payment. “This second dividend increase this year reflects the bank’s ...
A director at Codorus Valley Bancorp Inc bought 3,599 shares at 19.658USD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
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