PeoplesBank Donates Landmark Building to Glen Rock Borough

Rhea-AI Summary

PeoplesBank, a subsidiary of Codorus Valley Bancorp (NASDAQ: CVLY), has announced the donation of its historic building in Glen Rock, PA, to the borough. Originally established in 1864, the bank's donation is part of its commitment to the community and aims to enhance local historical preservation. The building, listed in the National Register of Historic Places, will house the Glen Rock Borough office and the Historical Preservation Society, which plans to expand its museum.

The donation is set to be finalized in December 2022.

Positive

• Donation of historic building enhances community engagement and local history preservation.
• PeoplesBank reaffirms its long-term commitment to Glen Rock, boosting local relationships.

Negative

• None.

YORK, Pa., Nov. 22, 2022 (GLOBE NEWSWIRE) -- PeoplesBank, A Codorus Valley Company, a subsidiary of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), is donating its PeoplesBank Building (1 Manchester Street, Glen Rock, PA) to the Borough of Glen Rock Pennsylvania.

PeoplesBank, A Codorus Valley Company, was originally founded as “the First National Bank of Glen Rock, Penna” in 1864. It was one of the first businesses established since Glen Rock’s historical incorporation in 1859, and the bank served as a catalyst of economic growth in the post-Civil War era, continuing in that tradition into the present.

In 1997, the building to be donated became part of the National Register of Historic Places. In addition to housing the Glen Rock Borough office, the building is also occupied by the Glen Rock Historical Preservation Society. The Glen Rock Historical Preservation Society maintains a museum highlighting Glen Rock’s long history and contributions to the local area. As part of the donation, the Society will expand the museum into the portion of the building vacated by the bank. Jon Nicklow, president of the Glen Rock Historical Preservation Society commented, “With PeoplesBank’s donation of this historic building located in the center of our town, we have an opportunity to showcase Glen Rock’s place in local history.” Additionally, an open area will be established to conduct future meetings.

The Glen Rock Borough Council and Glen Rock’s Mayor are excited about the town’s evolution and the donation of the building. “PeoplesBank has a deep history serving the people of Glen Rock, underscored by this donation. We look forward to continuing our relationship with PeoplesBank,” commented Glen Rock Borough Council President, Rollin Apgar.

PeoplesBank’s President and CEO, Craig Kauffman, spoke with the borough council ahead of the donation and expressed PeoplesBank’s gratitude toward Glen Rock, “As the birthplace of PeoplesBank, Glen Rock holds a special place in the hearts of every PeoplesBank associate. The donation is another example of the bank’s long-term commitment to the community and our commitment to memorializing the legacy of PeoplesBank’s contribution to the prosperity of the area.” PeoplesBank will continue to serve Glen Rock residents at nearby financial centers offering a full spectrum of banking and personal financial needs.

Donation of the building will be finalized in December 2022.

With assets in excess of $2.4 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. For more information, visit www.peoplesbanknet.com. (NASDAQ: CVLY)

CONTACT:

John Moss
Director of Marketing
717-747-1520
jmoss@peoplesbanknet.com  

FAQ

What is the significance of the building donated by PeoplesBank in Glen Rock, PA?

The building is historically significant, having been part of the National Register of Historic Places since 1997. It will serve as the Glen Rock Borough office and expand the Historical Preservation Society's museum.

When will the donation of the PeoplesBank building be finalized?

The donation of the building will be finalized in December 2022.

What is the stock symbol for Codorus Valley Bancorp?

The stock symbol for Codorus Valley Bancorp is CVLY.

What services does PeoplesBank offer after the donation?

PeoplesBank will continue to offer a full spectrum of banking and personal financial services at nearby financial centers.

Who commented on the donation of the PeoplesBank building?

Craig Kauffman, President and CEO of PeoplesBank, expressed gratitude towards Glen Rock, highlighting the bank's commitment to the community.