G U I D I N G T H E W A Y F O R W A R D
“When you come out of the storm, you won’t be the same
person who walked in. That’s what this storm’s all about.”
– Haruki Murakami, International Author
The world will be forever changed by the uncertainty and
turbulence brought by COVID-19. It has taken lives, impacted
livelihoods, and changed lifestyles. While there is optimism
that the darkest days of the storm may be behind us, the
impact of the storm rages on for many.
Codorus Valley Bancorp, Inc. stands strong during the storm
— offering a light of hope to struggling small businesses,
patiently helping clients navigate new ways of banking, and
assisting an unprecedented number of clients with purchasing
or refinancing their homes.
In the midst of a turbulent year, Codorus Valley Bancorp, Inc.
has guided the way forward for a brighter future for our clients
and the communities we serve.
1
Dear Shareholders
To say our world has been living through a stormy and turbulent time is an understatement.
Experiencing a global pandemic, economic disruption, social unrest, and political turmoil has
affected nearly every facet of our lives.
The financial effects of the pandemic,
locally and regionally, have been uneven.
It has produced the most severe global
economic contraction since 1929 during
the Great Depression, and equally, a
sudden falloff in equity markets. Those
businesses and industries that require
gathering people in person (such as
restaurants, fitness centers and movie
theatres) have suffered tremendous
financial losses, while other entities
(grocery stores, fast food and home
delivery) have flourished.
will continue on that path by supporting
our clients and our communities with
our time, talent and financial resources.
Operating Landscape
Company grew noninterest income by
14.2 percent in 2020, predominantly
due to higher volumes of mortgage
loans – originated and then sold to the
secondary market.
Codorus Valley Bancorp, Inc. (“Codorus
Valley” or the “Company”) has not only
endured, but has grown stronger in
its resolve to live out its mission. Our
associates’ unwavering commitment to
help our clients live confidently took on
new meaning this past year.
The Company moved forward on many
important strategic initiatives in 2020,
despite the many market disruptions.
PeoplesBank President Craig Kauffman
will provide an overview of those efforts
on page 4.
With the successful
execution of many
strategic initiatives
during 2020, we
have gained new
momentum and
are laser focused
on moving forward
in greater ways
in 2021.
Larry J. Miller
Chairman,
President and CEO
Harry R. Swift, Esq.
Vice Chairman and
Lead Director
PeoplesBank, financial services subsidiary
of Codorus Valley Bancorp, Inc., traces
its roots to 1864 and has endured many
cycles and many crises. This past year
presented us with the most challenging
set of threats our Leadership Team has
ever faced. As the pandemic subsides,
there remains economic devastation
with unemployment elevated, small
businesses shuttering daily and families
struggling to pay for food and housing.
We have long believed that our
shareholders will benefit when we create
enduring, sustainable value for all
stakeholders. Now more than ever, we
The Company’s investment in
technology and infrastructure over
the last several years paid dividends in
2020. We were able to adapt quickly to
new ways of safely providing essential
banking services in the midst of the
pandemic. Clients’ behaviors also
adapted with increased use of digital
banking services.
During March 2020, the Federal Reserve
Board of Governors reduced interest
rates by 150 basis points. The Company
responded by cutting expenses and
focusing on fee-based revenue to
address a lower net interest margin. The
Performance
Adversely affecting earnings in 2020
were increases in the provision for loan
and lease losses associated with the
COVID-19 pandemic and due to loan
provision expenses associated with
four commercial loan relationships.
The large loss reported in the first
quarter of 2020 was due to apparent
fraudulent activities believed
perpetrated by one of the obligors.
The Company’s loss on the foregoing
credit was approximately $7.7 million.
The loan losses last year did not affect
the Corporation or PeoplesBank’s
2
Guiding
the way
Forward
status as a “well-capitalized” financial
institution.
Codorus Valley Bancorp, Inc. realized
net income available to common
shareholders (earnings) of $8.4 million
for the year ending 2020, compared
to $18.6 million of earnings realized in
2019, which represents a reduction of
approximately, $10.2 million or 54.8
percent. The decrease in net income
and earnings per share for 2020 was
a direct result of the impact of net
interest margin reduction and an
increase of provision for loan and lease
losses. The net interest margin (tax
equivalent basis) for 2020 was 3.13
percent, compared to 3.66 percent
realized in 2019. The fourth quarter
began to show a recovery in earnings,
with a 5.9 percent increase in net
income over the same period in 2019.
On December 31, 2020, total assets
of Codorus Valley were approximately
$2.16 billion, representing a 14.6 percent
increase compared to December 31, 2019.
Total deposits at year-end 2020 were
approximately $1.9 billion, compared to
$1.6 billion at year-end 2019, representing
an increase of 17.2 percent. Total loans
at year-end 2020 were at $1.6 billion, as
compared to year-end 2019 when loans
totaled $1.5 billion.
Additional 2020 financial performance
information for Codorus Valley Bancorp,
Inc. is contained in the Corporation’s
Annual Report on Form 10-K for the year
ending December 31, 2020.
In December, the Company announced
the successful private placement of
$31.0 million in aggregate principal
amount of 4.50% Fixed-to-Floating Rate
Subordinated Unsecured Notes, due
2030. This debt offering strengthened
the Company’s already strong capital
position, will provide additional flexibility
to grow the franchise and will enhance
the Company’s ability to execute on its
long-term business strategies.
In early January 2021, the Company’s
Board of Directors approved a stock
repurchase program, wherein the
Company authorized the repurchase
of up to $5 million of the Corporation’s
issued and outstanding common stock.
Recognition
Some businesses have been remarkably
resilient throughout the pandemic. The
truth is that some people have been
much more fortunate than others have,
and we consider the Company and
ourselves in this category. We are
privileged to be in this position and each
of us needs to accept responsibility that
there is much we can do to help others
who have been adversely impacted and
have become vulnerable.
The Crisis Management Team put forth
herculean efforts throughout the early
stages of the pandemic, and they
continue to light the way for our
Company. Ably led by President
Kauffman, the Team spent many, many
hours weighing the needs of our
3
associates, our clients and our
communities during this trying time.
I would like to single out three Team
members for their efforts helping us
survive this storm. Todd Tyson/General
Services, Jen Grove/Human Resources
and Kristen Heisey/Communications,
worked tirelessly to keep our associates
and clients safe, maintain our staffing
levels and continually inform our
associates and clients. Thank you all!
Closing
The theme of this year’s Annual Review
is Guiding the Way Forward. While this
past year had many unexpected turns,
our experienced team of financial
executives and associates remain
committed to being a guiding light to
our clients and for our communities.
With the successful execution of many
strategic initiatives during 2020, we
have gained new momentum and are
laser focused on moving forward in
greater ways in 2021.
We sincerely appreciate your support,
confidence and continued long-term
investment in Codorus Valley Bancorp,
Inc. Our hope is that 2021 brings calmer
waters for everyone.
Larry J. Miller
Chairman, President and
Chief Executive Officer
Codorus Valley Bancorp, Inc.
Moving Strategic Priorities Forward
PeoplesBank began 2020 energized
and ready to fully execute on its
strategic priorities — refreshing the
PeoplesBank brand, launching a new
retail concept in Lancaster City and
implementing a new commercial loan
origination system. Many of these
initiatives launched just days before
the pandemic arrived.
In mid-March, PeoplesBank adapted
quickly to the changing environment
brought on by the pandemic. For the
safety of associates and our clients,
operations changed nearly overnight
with 50% of our staff working remotely.
Retail operations pivoted to serving
more clients through drive thru and
digital channels.
PeoplesBank responded quickly to
the changing needs of our clients.
Financial hardship phone lines and
fee waivers were established to
address client needs. The Bank
responded quickly to the needs of
small businesses through two rounds
of Paycheck Protection Program
(PPP) funding, welcoming many new
business clients in the process.
The Bank successfully launched its
refreshed brand in early March
with a new website, collaterals and
merchandising. New signage was
installed in all markets throughout
2020. A brand awareness campaign
was executed in the second half of
the year and is expected to continue
throughout 2021.
PeoplesBank’s digital transformation
accelerated in 2020 with record
utilization of online banking and
mobile deposits. Video calls were
offered as a new channel for clients
to talk with a financial mentor. A major
focus area was the development of
a new commercial loan origination
system that will eventually serve as
the company’s CRM system. The
new platform was launched in the
fourth quarter allowing business
clients to access a client portal for
a more streamlined experience. A
project team is also working on
migrating micro business clients to
PeoplesBank’s robust personal online
banking platform. This conversion
is expected to be complete by the
second quarter of 2021.
A new PeoplesBank Momentum
Checking and Savings product was
launched in the Lancaster market
as a pilot test. The new rewards
product will be marketed across the
PeoplesBank footprint in 2021. In
addition, a new Boost Line of Credit
for small businesses located in low
to moderate income markets was
introduced.
The strategic focus on geographic
expansion continued to be
implemented in 2020. The new
Lancaster City Connections Center
opened a week before the pandemic
impacted operations. Due to the state-
of-art technology, the Connections
Center team was able to continue to
virtually engage with prospects and
clients even when the doors were
closed. The new Connections Center
concept has been well received in
the market with a growing number of
new business and consumer clients.
Oregon Pike, which was the first full
service financial center to open in
Lancaster County in 2018, also
experienced strong growth in 2020.
The Company continues to evaluate
market conditions and new
opportunities. In 2020, PeoplesBank
closed five limited service Retirement
Community Offices and announced
the closure of two additional Retirement
Community Offices in early 2021.
Resources from these closures will be
deployed to higher growth opportunity
areas. PeoplesBank will continue to
operate in five retirement communities
in 2021 after the closures are complete.
The PeoplesBank Wealth Management
Division continues to show strong
growth exceeding $1 billion in assets
under management. The Wealth
Management division was recently
recognized by Pohl Consulting as a top
performer for 2019 among over 100 trust
companies nationally. Top performers
are those organizations with the highest
5-year average of revenue growth rate
and the highest average profitability
ratio for the same year. This was the
first time that PeoplesBank was named
as a top performer and a significant
accomplishment on a national level.
Our greatest asset at PeoplesBank are
our associates. Great care has been
4
Craig L. Kauffman
Executive Vice President
and Chief Operating Officer
taken to protect associates during the
pandemic including instituting many
new safety protocols, instituting
modified work schedules, and offering
remote work where possible. In
addition, the Bank’s new leadership
development program was initiated in
2020 to grow leaders at all levels of the
organization.
In late 2020, we were also able to grow
our commercial and wealth teams with
several seasoned professionals from
within the Pennsylvania and Maryland
markets. The addition of these new
associates will position PeoplesBank
well to continue to grow the Company.
Despite the many disruptions of this
past year, we are relentlessly focused
on the strategic opportunities ahead
for PeoplesBank. We will continue
to work towards serving our clients
in unprecedented ways including
enhancements to our digital experience,
continuing our retail delivery network
evolution, expanding into new markets,
and continuing to attract and deepen
relationships with clients who value a
personalized approach to banking.
We remain committed to serving as
community builders. We are pleased to
share an overview of our PeoplesBank’s
community impact on the following page.
Craig L. Kauffman
Executive Vice President and
Chief Operating Officer,
Codorus Valley Bancorp, Inc.
President and Chief Executive Officer,
PeoplesBank
2020 Community Impact
We remain committed to strengthening the communities we serve by supporting many important
community initiatives including education and financial literacy, housing and food insecurities, economic
development and community engagement. Below is a summary of our community impact in 2020:
VOLUNTEERING
109 associates volunteered
3,403 hours, served on
49 non-profit boards and helped
128 community groups
HELPING
75% of the Senior Leadership
Team volunteered with local
non-profits in 2020
MENTORING
6 high school seniors participated
in the PeoplesBank Student
Banker Apprenticeship Program
receiving unprecedented access
to executives and learning about
a career in banking
SUPPORTING
$1.8 million in giving to 150+
organizations in our community
GIVING
Associates personally gave
$142,922 of their own funds
to local non-profits through
bank initiatives
TEACHING
1,578 elementary, middle and
high school students in 12
schools participated in 3,265
hours of online financial
literacy courses through the
PeoplesBank Financial
Scholars Program during the
2019/2020 school year
ASSISTING
1,330 PPP loans
in first round funding
totaling $181.4 million;
83% of the loans supporting
small businesses with loan
amounts below $150,000
5
Selected Financial Data
Codorus Valley Bancorp, Inc.
2020 2019 2018 2017 2016
Summary of operations (in thousands)
Interest income $ 75,713 $ 85,317 $ 80,321 $ 70,415 $ 62,230
Interest expense 15,253 21,378 16,401 10,868 8,649
Net interest income 60,460 63,939 63,920 59,547 53,581
Provision for loan losses 14,675 2,450 2,700 4,175 3,000
Noninterest income 15,892 13,912 13,314 11,522 10,030
Noninterest expense 51,204 51,729 49,810 44,986 41,623
Income before income taxes 10,473 23,672 24,724 21,908 18,988
Provision for income taxes 2,031 5,025 5,182 9,904 5,886
Net income 8,442 18,647 19,542 12,004 13,102
Preferred stock dividends 0 0 0 0 16
Net income available to common shareholders $ 8,442 $ 18,647 $ 19,542 $ 12,004 $ 13,086
Per common share (adjusted for stock dividends)
Net income, basic $ 0.86 $ 1.89 $ 1.98 $ 1.22 $ 1.35
Net income, diluted $ 0.86 $ 1.88 $ 1.96 $ 1.21 $ 1.34
Cash dividends paid $ 0.520 $ 0.608 $ 0.564 $ 0.468 $ 0.427
Stock dividends distributed 0% 5% 5% 5% 5%
Book value $ 20.16 $ 19.59 $ 18.01 $ 16.72 $ 15.88
Tangible book value (1) $ 19.93 $ 19.36 $ 17.78 $ 16.49 $ 15.65
Cash dividend payout ratio 60.2% 32.4% 28.3% 38.0% 32.0%
Weighted average shares outstanding 9,781,712 9,863,332 9,857,559 9,779,816 9,694,739
Weighted average diluted shares outstanding 9,809,011 9,929,659 9,953,229 9,894,628 9,777,719
Profitability ratios
Return on average shareholders' equity (ROE) 4.35% 9.98% 11.42% 7.40% 8.47%
Return on average assets (ROA) 0.41% 1.01% 1.11% 0.72% 0.88%
Net interest margin (tax equivalent basis) 3.13% 3.66% 3.84% 3.84% 3.89%
Efficiency ratio 66.68% 65.93% 63.95% 62.07% 64.09%
Net overhead ratio 1.73% 2.05% 2.08% 2.03% 2.15%
Capital ratios (consolidated)
Common equity tier 1 ratio 13.10% 12.45% 12.15% 11.58% 11.88%
Tier 1 risk-based capital 13.79% 13.11% 12.83% 12.29% 12.66%
Total risk-based capital 17.13% 14.36% 14.08% 13.48% 13.81%
Average shareholders' equity to average assets 9.52% 10.12% 9.75% 9.79% 10.44%
Summary of financial condition
at year-end (in thousands)
Investment securities
(including restricted bank stock) $ 187,595 $ 164,226 $ 155,515 $ 164,902 $ 201,665
Loans (including loans held for sale) 1,560,570 1,516,938 1,489,807 1,401,479 1,272,319
Assets 2,162,199 1,886,545 1,807,480 1,709,205 1,611,587
Deposits 1,863,539 1,590,564 1,495,280 1,384,507 1,264,177
Borrowings 85,748 89,557 122,332 150,805 181,947
Equity 197,960 191,168 178,746 164,219 154,957
Other data
Full service financial centers 26 25 26 26 26
Number of employees (full-time equivalents) 343 350 348 326 306
Wealth Management assets,
market value (in thousands) $ 1,017,126 $ 899,876 $ 725,087 $ 711,161 $ 562,865
1) A reconciliation of tangible book value, which is a non-GAAP Financial Measure, can be found further in this Annual Review.
6
Tangible Book Value
(1) The following table provides the reconciliation of tangible book value, which is a non-GAAP Financial Measure, for the dates
indicated:
2020 2019 2018 2017 2016
(dollars in thousands)
Total Shareholders' Equity $ 197,960 $ 191,168 $ 178,746 $ 164,219 $ 154,957
Less: Preferred Stock 0 0 0 0 0
Less: Goodwill and Other Intangible Assets (2,308) (2,312) (2,316) (2,321) (2,327)
Tangible Shareholders' Equity $ 195,652 188,856 $ 176,430 $ 161,898 $ 152,630
Common Shares Outstanding 9,821 9,756 9,924 9,819 9,755
Book Value $ 20.16 $ 19.59 $ 18.01 $ 16.72 $ 15.88
Book Value $ 20.16 $ 19.59 $ 18.01 $ 16.72 $ 15.88
Effect of Intangible Assets (0.23) (0.23) (0.23) (0.23) (0.23)
Tangible Book Value $ 19.93 $ 19.36 $ 17.78 $ 16.49 $ 15.65
This document contains certain financial information determined by methods other than in accordance with GAAP. This non-
GAAP disclosure has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis
of the Corporation’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures
that may be presented by other companies. Our management uses this non-GAAP measure in its analysis of our performance
because it believes this measure is material and will be used as a measure of our performance by investors.
Common Stock, Dividend, and Broker Information
Codorus Valley Bancorp, Inc. common stock is listed on the NASDAQ Global Market under the symbol CVLY. Codorus
Valley had approximately 1,893 holders of record as of February 24, 2021. The closing price per share of Codorus Valley’s
common stock on February 24, 2021, was $17.22. The following table sets forth high and low sales prices and dividends paid
per common share for Codorus Valley as reported by NASDAQ during the periods indicated. All amounts reflect the impact
of the common stock dividends distributed by the Corporation.
2020 2019
Dividends Dividends
Quarter High Low Per Share High Low Per Share
First $23.05 $14.15 $0.160 $23.07 $18.71 $0.152
Second 15.70 10.62 0.160 22.35 19.30 0.152
Third 14.13 11.62 0.100 23.46 19.30 0.152
Fourth 17.73 12.71 0.100 23.60 20.69 0.152
For further information, we refer you to the following market makers in our common stock:
Boenning and Scattergood, Inc.
610-862-5368
800-842-8928
Janney Montgomery Scott LLC
717-779-2720
800-999-0503
Piper Sandler (Formerly Sandler O’Neill
& Partners, L.P.)
(Institutional Trades Only)
800-333-6000
Internet Information
Information about products and services that are offered by Codorus Valley and its subsidiaries is available on the Internet
at www.peoplesbanknet.com.
Financial Information
The Annual Report on Form 10-K is filed with the Securities and Exchange Commission ( SEC ). Copies of this document
and other SEC filings by Codorus Valley Bancorp, Inc. may be obtained electronically at PeoplesBank’s website at
www.peoplesbanknet.com (select Your Life, then under Connect select Investor Relations, then Filings, then Documents),
or the SEC’s website at www.sec.gov/edgarhp.htm. Copies can also be obtained without charge by writing to: Treasurer,
Codorus Valley Bancorp, Inc., P.O. Box 2887, York, PA 17405-2887.
Annual Shareholder Meeting
The Annual Shareholder Meeting will be held virtually on Tuesday, May 18, 2021, at 9:00 am Eastern Time. To be admitted to
the Annual Meeting at www.virtualshareholdermeeting.com/CVLY2021, you must enter the control number found on your
proxy card, voting instruction form or notice. You may vote during the Annual Meeting by following the instructions available
on the meeting website during the meeting.
Transfer Agent
EQ Shareholder Services, 1110 Centre Point Curve, Suite 101, MAC N9173-010, Mendota Heights, MN 55120. Phone: 800-468-9716.
Dividend Reinvestment and Stock Purchase Plan
Information regarding the Corporation’s Dividend Reinvestment and Stock Purchase Plan may be obtained by contacting
the transfer agent above.
7
Boards of Directors
Codorus Valley Bancorp, Inc.
PeoplesBank
Larry J. Miller
Chairman, President and
Chief Executive Officer
Codorus Valley Bancorp, Inc.
Executive Chairman
PeoplesBank
Harry R. Swift, Esq.
Vice Chairman and Lead Director
Retired General Counsel and Secretary
Codorus Valley Bancorp, Inc. and
PeoplesBank
Craig L. Kauffman
Executive Vice President and
Chief Operating Officer
Codorus Valley Bancorp, Inc.
President and Chief Executive Officer
PeoplesBank
Sarah M. Brown
President and Chief Executive Officer
Keller-Brown Insurance Services
Brian D. Brunner
Division President
Account and Item Processing Sales
Fiserv, Inc.
Cynthia A. Dotzel, CPA
Practicing CPA
Dotzel & Company, Inc.
John W. Giambalvo, Esq.
President and Chief Executive Officer
Jack Giambalvo Motor Company
Jeffrey R. Hines, P.E.
Retired President and
Chief Executive Officer
The York Water Company
J. Rodney Messick
Chief Executive Officer
HomeSale Realty Services Group, Inc.
Corporate Headquarters
Codorus Valley Bancorp, Inc.
Codorus Valley Corporate Center
105 Leaders Heights Road
York, Pennsylvania 17403-5137
717-747-1519
For location information and hours,
visit www.peoplesbanknet.com.
All Financial Centers have a 24-Hour
ATM on-site for client convenience
and are members of the MoneyPass®
Network.
Directors Emeritus
PeoplesBank
D. Reed Anderson, Esq.
M. Carol Druck
MacGregor S. Jones
Barry A. Keller
Rodney L. Krebs
Dallas L. Smith
Corporate Officers
Codorus Valley Bancorp, Inc.
Larry J. Miller
Chairman, President and
Chief Executive Officer
Craig L. Kauffman
Executive Vice President and
Chief Operating Officer
Diane E. Baker, CPA
Vice President, Assistant Secretary
and Assistant Treasurer
Larry D. Pickett, CPA
Treasurer
Timothy J. Nieman, Esq.
General Counsel and Secretary
PeoplesWealth Advisors
A Subsidiary of PeoplesBank
Stephen M. Altland
President and Chief Executive Officer
Diane E. Baker, CPA
Vice President and Secretary
Larry D. Pickett, CPA
Treasurer and Assistant Secretary
Timothy J. Nieman, Esq.
General Counsel
Victoria A. Schofield
Vice President
Financial Advisors
and Registered
Representatives
Jamie K. Cash, CFP®
Wendy M. Livingston
Victoria A. Schofield
Gregory F. Wolfe
Contact Information
To contact any Financial Center,
the Client Care Center, or any bank
associate, please call us at
717-846-1970 or 1-888-846-1970.
Information regarding our products,
services, and locations may be found
at our website at
www.peoplesbanknet.com.
“Thank you for your investment in Codorus Valley Bancorp, Inc. during a time of so much uncertainty
in our world. We grieve over the devastating impact the pandemic has had in our communities this
past year. There is much work to still be done as we overcome the long-term effects of the virus, work
to foster diversity and inclusion and prudently support the sustainability of small businesses. While
2020 has been like no other, we look forward with optimism that brighter days and calmer waters are
ahead for our Company, our clients and the communities we serve. ”
8
Craig L. Kauffman
President and Chief Executive Officer
717-747-1501
Diane E. Baker, CPA
Executive Vice President,
Chief Operations and Chief Risk Officer
717-747-1550
Timothy J. Nieman, Esq.
General Counsel and Secretary
717-747-2403
Larry D. Pickett, CPA
Executive Vice President,
Chief Financial Officer
717-747-1502
Stephen M. Altland
Senior Vice President,
Wealth Management Division
717-747-1585
Scott R. Campagna
Senior Vice President,
Chief Information Officer
717-747-1581
Leadership Group
PeoplesBank
Harland Carney, III
Senior Vice President,
Director of Commercial Lending
717-747-2424
Chad Clabaugh
Senior Vice President,
Chief Consumer Banking Officer
717-747-1515
Matthew A. Clemens, SPHR, PCC
Senior Vice President,
Chief Administrative Officer
717-747-1507
Amy L. Doll
Senior Vice President,
Chief Commercial Banking and
Lending Officer
717-747-1580
John Eaton Jr.
Senior Vice President,
Director of Business Banking
717-747-1546
E. Dennis Ginder
Senior Vice President,
Chief Credit Officer
717-781-8485
Kristen M. Heisey, CFMP
Vice President,
Director of Marketing and
Client Experience
717-747-1520
Chad Hotsko
Senior Vice President,
Director of Business Banking
717-565-0052
Kent A. Ketterman
Senior Vice President,
Director of Commercial Real Estate
Lending
717-747-1506
Todd A. Tyson, CFSSP, CCBSP, CBAP
Senior Vice President,
Director of General Services and
Security Officer
717-747-1510
9
Our Mission
To be community builders with an unwavering commitment to:
• Helping our clients achieve their dreams and live confidently
• Cultivating a work environment where our associates can thrive and make a difference
• Delivering value and prosperity for our shareholders
Incorporated in 1986, Codorus Valley Bancorp, Inc. is a bank holding company that provides a full range of financial services through
its principal subsidiary, PeoplesBank, A Codorus Valley Company. As a publicly-held corporation, common stock issued
by Codorus Valley Bancorp, Inc. is traded on the NASDAQ Global Market under the symbol CVLY.
PeoplesBank, with origins dating back to 1864, is the largest independent community bank headquartered and managed in York County,
Pennsylvania. Focused on acquiring and nurturing financial relationships with small and mid-sized businesses and consumers,
PeoplesBank provides business, personal, and mortgage banking services as well as wealth management services throughout its
network of financial centers located in York, Lancaster, and Cumberland Counties in Pennsylvania and in Baltimore
and Harford Counties and Baltimore City in Maryland.
Codorus Valley Bancorp, Inc. | Codorus Valley Corporate Center | 105 Leaders Heights Road | York, PA 17403-5137 | 717.747.1519
peoplesbanknet.com |
P49367