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Codorus Valley Bancorp, Inc. - CVLY STOCK NEWS

Welcome to our dedicated news page for Codorus Valley Bancorp (Ticker: CVLY), a resource for investors and traders seeking the latest updates and insights on Codorus Valley Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Codorus Valley Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Codorus Valley Bancorp's position in the market.

Rhea-AI Summary
Codorus Valley Bancorp, Inc. declares a regular quarterly cash dividend of $0.17 per common share, with assets exceeding $2 billion. The parent company of PeoplesBank, it is the largest independent financial institution in York County, Pennsylvania.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
Tags
dividends
-
Rhea-AI Summary
Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) reported a fourth-quarter net income of $5.5 million, a decrease from the previous year, but a net income of $25.0 million for the year ended December 31, 2023, compared to $20.1 million for the year ended December 31, 2022. The company is set to merge with Orrstown Financial Services Inc. later this year, incurring merger-related expenses of $956,000 in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
-
Rhea-AI Summary
Codorus Valley Bancorp, Inc. (Nasdaq: CVLY) declared a regular quarterly cash dividend of $0.17 per common share on January 9, 2024. PeoplesBank, a wholly owned subsidiary, offers consumer, business, wealth management, and mortgage services with assets of over $2 billion. The corporation is the largest independent financial institution in York County, Pennsylvania, and its Common Stock is listed on the NASDAQ Global Market under the symbol CVLY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
dividends
Rhea-AI Summary
Orrstown Financial Services, Inc. (ORRF) and Codorus Valley Bancorp, Inc. (CVLY) have announced a merger valued at approximately $207.0 million, creating a premier Pennsylvania and Maryland community bank with $5.2 billion in assets. The merger will result in the combined company trading on Nasdaq under the ticker symbol 'ORRF' and operating under the name 'Orrstown Financial Services, Inc.'
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.6%
Tags
-
Rhea-AI Summary
PeoplesBank and Driver Management have concluded their cooperation agreement, effective October 30, 2023. PeoplesBank expressed appreciation for Driver Management's contributions to the bank's growth and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
none
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Rhea-AI Summary
Codorus Valley Bancorp, Inc. reported a decrease in net income for the third quarter of 2023 compared to the same period last year. However, net income for the year ended September 30, 2023, showed a significant increase compared to the previous year. The company experienced steady performance in credit metrics, with a decrease in nonperforming assets. A cash dividend of $0.17 per common share will be payable on November 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
Rhea-AI Summary
Codorus Valley Bancorp, Inc. declares a regular quarterly cash dividend of $0.17 per common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
dividends
-
Rhea-AI Summary
Courtney Kunkel, Electronic Banking Manager at PeoplesBank, has been selected as a 2023 PA Bankers Future Under 40 honoree, recognizing her impact on the institution and the community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
management
Codorus Valley Bancorp, Inc.

Nasdaq:CVLY

CVLY Rankings

CVLY Stock Data

206.06M
7.74M
3.72%
52.71%
0.22%
Savings Institutions
Finance and Insurance
Link
United States
York

About CVLY

codorus valley bancorp, inc. (codorus valley) incorporated in 1986, is a one-bank holding company headquartered in york, pennsylvania that provides a full range of financial services through its subsidiary, peoplesbank, a codorus valley company (peoplesbank). codorus valley is a publicly held corporation whose stock is listed on the nasdaq national market exchange under the trading symbol cvly. peoplesbank, with origins dating back to 1864, is focused on acquiring and nurturing financial relationships with small and mid-sized businesses. it also provides personal banking, mortgage banking, wealth management and real estate services. peoplesbank is the largest full service community bank headquartered and managed in york county. it currently operates financial centers throughout south central pennsylvania and central maryland and plans to expand its franchise.