Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Codorus Valley Bancorp has declared a quarterly cash dividend of $0.16 per common share. This dividend is payable on May 9, 2023, to shareholders recorded by the close of business on April 25, 2023. Codorus Valley Bancorp, with assets exceeding $2 billion, is the largest independent financial institution in York County, Pennsylvania, through its wholly-owned subsidiary, PeoplesBank. The bank offers a comprehensive suite of financial services including consumer, business, and wealth management solutions.

Positive

• Dividend declared at $0.16 per share, indicating company profitability and shareholder returns.

Negative

• None.

News Market Reaction

+0.88%

1 alert

+0.88% News Effect

On the day this news was published, CVLY gained 0.88%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

YORK, Pa., April 12, 2023 (GLOBE NEWSWIRE) -- On April 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 $0.16 per common share, payable on May 9, 2023, to shareholders of record at the close of business on April 25, 2023.

With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland. Codorus Valley Bancorp, Inc.’s Common Stock is listed on the NASDAQ Global Market under the symbol CVLY.

Questions or comments concerning this Press Release should be directed to:
Codorus Valley Bancorp, Inc.
Craig L. Kauffman, President/CEO	Larry D. Pickett, Treasurer
717-747-1501	717-747-1502
ckauffman@peoplesbanknet.com	lpickett@peoplesbanknet.com

FAQ

What is the dividend amount declared by Codorus Valley Bancorp?

The dividend amount declared is $0.16 per common share.

When is the dividend payable for Codorus Valley Bancorp?

The dividend is payable on May 9, 2023.

What is the record date for the dividend payment by Codorus Valley Bancorp?

The record date for the dividend payment is April 25, 2023.

How large are the assets of Codorus Valley Bancorp?

Codorus Valley Bancorp has assets exceeding $2 billion.

What services does PeoplesBank offer?

PeoplesBank offers consumer, business, wealth management, and mortgage services.