Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Codorus Valley Bancorp, Inc. (Nasdaq: CVLY) has declared a regular quarterly cash dividend of $0.17 per common share, payable on August 8, 2023. This represents an increase of $0.01 or 6 percent over the prior quarter's cash dividend payment. With assets of over $2 billion, PeoplesBank, a wholly owned subsidiary of Codorus Valley Bancorp, Inc., offers a full range of financial services in South Central Pennsylvania and Central Maryland.

YORK, Pa., July 12, 2023 (GLOBE NEWSWIRE) -- On July 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 $0.17 per common share, payable on August 8, 2023, to shareholders of record at the close of business on July 25, 2023, which is an increase of $0.01 or 6 percent over the prior quarter’s cash dividend payment. “This second dividend increase this year reflects the bank’s successful execution of our strategic plan,” commented Craig L. Kauffman, PeoplesBank President and CEO. “The board of directors and I are excited to increase our quarterly dividend to our shareholders.”

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 stock symbol for Codorus Valley Bancorp, Inc.?

The stock symbol for Codorus Valley Bancorp, Inc. is CVLY.

When will the regular quarterly cash dividend be payable?

The regular quarterly cash dividend will be payable on August 8, 2023.

What is the dividend amount per common share?

The dividend amount per common share is $0.17.

What is the percentage increase in the dividend compared to the prior quarter?

The dividend has increased by 6 percent or $0.01 compared to the prior quarter.

Who is the President and CEO of PeoplesBank?

The President and CEO of PeoplesBank is Craig L. Kauffman.

What is the total assets of PeoplesBank?

PeoplesBank has assets of over $2 billion.