PeoplesBank Announces Relocation and Expansion of Its Hunt Valley Financial Center
Rhea-AI Summary
PeoplesBank, a financial services subsidiary of Codorus Valley Bancorp, announced plans to relocate and expand its Hunt Valley Financial Center in December 2021, pending regulatory approval. The new facility at 203 International Circle will consolidate business, mortgage, and wealth operations, improving the client experience. It will feature the first Connections Center in Maryland with spaces for client engagement, a vision board experience, and drive-thru services. PeoplesBank manages over $2 billion in assets and provides a comprehensive range of financial services across South Central Pennsylvania and Central Maryland.
Positive
- Expansion of Hunt Valley Financial Center enhances operational capacity.
- Introduction of the Connections Center concept promotes better client engagement.
- First Connections Center in Maryland signifies strategic growth in the region.
Negative
- None.
News Market Reaction – CVLY
In the trading session that priced this news, CVLY gained 0.09%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
The Connections Center concept is planned for this location, which includes conversation spaces to meet with a Financial Mentor, the vision board experience, and a concierge area to assist clients with their digital banking needs. This will be the first Connections Center in Maryland and the third for PeoplesBank. In addition, drive-thru service and a drive-thru ATM will be available for clients. The loan processing offices at Bel Air and Hunt Valley will be consolidated into this new Hunt Valley location.
“We are excited to bring the Connections Center concept to Maryland. This engaging environment promotes deeper client interactions,” remarked Craig Kauffman, President and CEO of PeoplesBank. “Our award-winning vision board experience is designed to help our clients realize what’s important to them and determine how we can help them achieve their dreams and reach their goals.”
With assets in excess of
| CONTACT: Kristen Heisey SVP, PeoplesBank 717-747-1520 |