Below are the latest news stories about Codorus Valley Bancorp Inc that investors may wish to consider to help them evaluate CVLY as an investment opportunity.
YORK, Pa., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced that its Board of Directors had approved a new treasury stock repurchase program.Under the newly approved stock repurchase program, the Corporation is authorized to repurchase up to $5 million of the Corporation’s issued and outstanding common stock. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases under the program may be made from time to time in the open market at prevailing prices, or through privately negotiated transactions.The Board of Directors’ January 12, 2021 authorization provides that: (1... Yahoo | January 14, 2021 |
YORK, Pa., Jan. 13, 2021 (GLOBE NEWSWIRE) -- On January 12, 2021, the Board of Directors of Codorus Valley Bancorp, Inc. (Nasdaq: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.11 per common share, payable on February 9, 2021, to shareholders of record at the close of business on January 26, 2021, which represents a 10 percent increase over the prior quarter’s dividend of $0.10 per common share. In addition, the Board declared a special cash dividend of $0.02 per common share, payable on February 9, 2021, to shareholders of record at the close of business on January 26, 2021. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the large... Yahoo | January 13, 2021 |
YORK, Pa., Dec. 09, 2020 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Company”) (NASDAQ: CVLY), the parent company for PeoplesBank, A Codorus Valley Company (“PeoplesBank”), which is the parent company of PeoplesWealth Advisors, today announced the completion of a private placement of $31.0 million in aggregate principal amount of 4.50% Fixed-to-Floating Rate Subordinated Unsecured Notes due 2030 (the “Notes”). The Company intends to utilize the net proceeds for general corporate purposes. “We are pleased to announce the successful completion of our subordinated debt offering under favorable terms. This debt offering will strengthen the Company’s already strong capital position, provide additional flexibility as we grow our franchise and it will enhance ou... Yahoo | December 9, 2020 |
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don’t make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are […] Yahoo | November 30, 2020 |
YORK, Pa., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $3.6 million or $0.37 per share basic and diluted, for the quarter ended September 30, 2020, as compared to net income of $5.2 million or $0.53 per share basic and $0.52 per share diluted, for the quarter ended September 30, 2019. For the first nine months of 2020, net income was $3.7 million or $0.38 per share basic and diluted, compared to $14.2 million or $1.43 per share basic and $1.42 per share diluted, for the first nine months of 2019. “Earnings for the third quarter 2020 were adversely affected by an increase in t... Yahoo | October 22, 2020 |
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