Welcome to our dedicated page for Codorus Valley news (Ticker: CVLY), a resource for investors and traders seeking the latest updates and insights on Codorus Valley stock.
Codorus Valley Bancorp, Inc. (CVLY) delivers community-focused financial services through its subsidiary PeoplesBank across Pennsylvania and Maryland. This news hub provides investors and stakeholders with centralized access to corporate developments, regulatory filings, and strategic initiatives shaping this regional banking institution.
Track official press releases covering earnings reports, leadership updates, and service expansions alongside analysis of market trends impacting CVLY’s operations. Discover timely information about regulatory compliance milestones, community partnership announcements, and innovations in personal/business banking solutions.
This resource serves investors seeking to monitor CVLY’s financial health and industry positioning. All content is sourced from verified corporate communications and reputable financial publications. Bookmark this page for streamlined access to developments affecting Codorus Valley’s role as a provider of mortgage banking, wealth management, and commercial lending services since 1864.
Orrstown Financial Services and Codorus Valley Bancorp have received regulatory approvals and waivers from the Federal Reserve and the Pennsylvania Department of Banking and Securities for their merger of equals. The merger, announced previously, is expected to close on July 1, 2024, subject to customary closing conditions.
Orrstown Financial Services is the parent company of Orrstown Bank, which offers various financial services across Pennsylvania, Maryland, and select areas in Virginia and West Virginia. Codorus Valley Bancorp, the largest independent financial services holding company in York, Pennsylvania, operates through its subsidiary, PeoplesBank, providing consumer, business, wealth management, and mortgage services in South Central Pennsylvania and Central Maryland.
Orrstown Financial Services and Codorus Valley Bancorp have received shareholder approvals for their merger of equals. The merger, initially announced on December 12, 2023, was approved by Codorus Valley and Orrstown shareholders on May 30, 2024. The merger is expected to finalize in Q3 2024, pending regulatory approvals.
Orrstown will be the surviving entity, enhancing financial services across Pennsylvania and Maryland. The merger aims to create significant shareholder value and expand opportunities for employees and clients. Both CEOs, Thomas R. Quinn Jr. of Orrstown and Craig L. Kauffman of Codorus Valley, expressed optimism about the merger's potential benefits.
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