Codorus Valley Bncp (CVLY) 20.98 $CVLY
Codorus Valley posts 1Q profit
Automated Insights - Thu Apr 21, 3:42PM CDT
YORK, Pa. (AP) _ Codorus Valley Bancorp Inc. (CVLY) on Thursday reported first-quarter net income of $2.8 million.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Reports First Quarter 2016 Earnings
PR Newswire - Thu Apr 21, 3:30PM CDT
Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced net income available to common shareholders (earnings) of $2.8 million or $0.35 per share basic and diluted, for the quarter ended March 31, 2016, as compared to earnings of $2.4 million or $0.39 per share basic and diluted, for the first quarter of 2015. The decrease in earnings per share was primarily a result of the 1,746,850 common shares issued in the $34.5 million public offering completed in December 2015.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend
PR Newswire - Wed Apr 13, 3:30PM CDT
On April 12, 2016, 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 $0.13 per common share, payable on May 10, 2016, to shareholders of record at the close of business on April 26, 2016. This quarterly cash dividend is the same amount as paid in the previous quarter.
CVLY: 20.98 (+0.08)
Mid Penn Bancorp, Inc. Appoints New Chief Financial Officer
GlobeNewswire - Thu Mar 24, 10:38AM CDT
Mid Penn Bancorp, Inc. ("Mid Penn"
(NASDAQ:MPB), headquartered in Millersburg, Pennsylvania, today announced Michael D. Peduzzi, CPA, is joining the organization as Executive Vice President and Chief Financial Officer (CFO).
MPB: 18.46 (-0.32), CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Reports Earnings For the Quarter and Year Ended December 31, 2015
PR Newswire - Fri Jan 22, 4:00PM CST
Codorus Valley Bancorp, Inc. (Nasdaq: CVLY) (Corporation), the parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced net income available to common shareholders (earnings) for the quarter ended December 31, 2015 of $2.7 million or $0.42 per share basic and diluted, compared to the Corporation's earnings of $2.8 million or $0.45 per share basic and $0.44 per share diluted for the quarter ended December 31, 2014. For the year ended December 31, 2015, the Corporation earned $11.0 million or $1.76 per share basic and $1.75 per share diluted, compared to $11.6 million or $1.97 per share basic and $1.93 per share diluted for the year ending December 31, 2014.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp declares quarterly cash dividend
M2 - Thu Jan 21, 6:13AM CST
Board of directors of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), the parent company of PeoplesBank, has declared a regular quarterly cash dividend of USD0.13 per common share, the company said. Dividend is payable on February 9, 2016, to shareholders of record at the close of business on January 26, 2016. This quarterly cash dividend is the same amount as paid in the previous quarter. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. Codorus Valley primarily operates through its financial services subsidiary, PeoplesBank, A Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of twenty-four financial centers located in York and Cumberland Counties in Pennsylvania, and in Baltimore, Harford and Carroll Counties in Maryland.
CVLY: 20.98 (+0.08)
PeoplesBank names successor of retiring president
M2 - Wed Jan 20, 6:25AM CST
PeoplesBank, a Codorus Valley (NASDAQ: CVLY) company has named A. Dwight Utz as president, chief executive officer, and a member of the board of directors to become effective upon the retirement of Larry Miller who announced his retirement as president is effective March 8, 2016, the company said. Miller has served as president for three years and upon his retirement he will become executive chairman of the board of directors will continue to hold responsibilities for specific business lines and the philanthropic activities of the bank. He will also continue in his current capacity as chairman, president and chief executive officer of Codorus Valley Bancorp, Inc., the holding company for PeoplesBank and its related subsidiaries. With Codorus Valley, he will continue to be responsible for strategic initiatives and corporate governance. Utz currently serves as executive vice president and chief operating officer of the bank. as president and chief executive officer, he will be responsible for developing and implementing PeoplesBank's business strategy, oversight of its business operations, and fulfillment of its budgetary goals. He has an extensive background in the banking industry, having served as president and chief executive officer of the former East Carolina Bank, and in various leadership roles with MidSouth Bank, PNC Bank, and the former Central Pennsylvania-based CCNB Bank. PeoplesBank is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., a large independent financial institution headquartered in York County with more than USD1.4 billion in assets.
CVLY: 20.98 (+0.08)
PeoplesBank President Miller to Retire
PR Newswire - Tue Jan 12, 3:35PM CST
PeoplesBank, A Codorus Valley Company ("PeoplesBank or Bank", today announced that long-time President Larry J. Miller has announced his retirement as President and Chief Executive Officer of PeoplesBank, effective March 8, 2016, ending an incredible 35-year tenure as the top executive of the largest independent financial institution headquartered in York County, Pennsylvania. Upon his retirement, Mr. Miller will be named Executive Chairman of the Board of Directors of PeoplesBank and will continue to hold responsibilities for specific business lines and the philanthropic activities of the Bank. Mr. Miller will also continue in his current capacity as Chairman, President and Chief Executive Officer of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), the holding company for PeoplesBank and its related subsidiaries. With Codorus Valley, Mr. Miller will continue to be responsible for strategic initiatives and corporate governance.
CVLY: 20.98 (+0.08)
Codorus Valley closes underwriters' purchase option
M2 - Wed Dec 30, 6:11AM CST
Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company, said the underwriters of its previously closed public offering of 1,519,000 shares of common stock have exercised in full their option to purchase an additional 227,850 shares of company common stock at a public offering price of USD19.75 per share. The company expects net proceeds from the offering, including the exercise of the purchase option, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately USD32.5 million. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC acted as joint book-running managers for the offering. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of twenty-four financial centers.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Announces Closing of Underwriters' Purchase Option
PR Newswire - Wed Dec 23, 3:25PM CST
Codorus Valley Bancorp, Inc. (Codorus Valley) (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced that the underwriters of its previously closed public offering of 1,519,000 shares of common stock have exercised in full their option to purchase an additional 227,850 shares of Company common stock at a public offering price of $19.75 per share. The Company expects net proceeds from the offering, including the exercise of the purchase option, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $32.5 million.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp closes public offering
M2 - Fri Dec 18, 7:23AM CST
Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), holding company of PeoplesBank, said it has completed a public offering of 1,519,000 shares of common stock at a price of USD19.75 per share, for gross proceeds of approximately USD30 million. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC acted as joint bookrunning managers for the offering. Rhoads & Sinon LLP served as legal counsel to the company, and Goodwin Procter LLP served as legal counsel to the underwriters. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of 24 financial centers.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Announces Closing of Public Offering
PR Newswire - Tue Dec 15, 2:50PM CST
Codorus Valley Bancorp, Inc. (Codorus Valley) (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced that it has completed a public offering of 1,519,000 shares of common stock at a price of $19.75 per share, for gross proceeds of approximately $30 million. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC acted as joint book-running managers for the offering. Rhoads & Sinon LLP served as legal counsel to the Company, and Goodwin Procter LLP served as legal counsel to the underwriters.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp prices public offering
M2 - Mon Dec 14, 6:26AM CST
Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), holding company of PeoplesBank, said it has priced a public offering of 1,519,000 shares of common stock at USD19.75 per share for gross proceeds of approximately USD30.0 million. The company said it expects to use the net proceeds of this offering to redeem, subject to applicable regulatory approvals, the USD12 million in outstanding shares of its senior non-cumulative perpetual preferred stock, Series B that had been issued to the United States Department of the Treasury pursuant to the Treasury's Small Business Lending Fund Program, as well as for general corporate purposes. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Announces Pricing of Public Offering
PR Newswire - Thu Dec 10, 5:30AM CST
Codorus Valley Bancorp, Inc. (Codorus Valley) (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced it has priced a public offering of 1,519,000 shares of common stock at $19.75 per share for gross proceeds of approximately $30.0 million. The Company expects to close the sale of the shares of common stock on or about December 15, 2015, subject to customary closing conditions.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp commences USD30m common stock offering
M2 - Thu Dec 10, 5:18AM CST
Codorus Valley Bancorp, Inc (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company said it has commenced an underwritten public offering of approximately USD30.0 million of its common stock. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC are serving as joint book-running managers. The company expects to use the net proceeds of this offering to redeem, subject to applicable regulatory approvals, the USD12 million in outstanding shares of its senior non-cumulative perpetual preferred stock, Series B that had been issued to the United States Department of the Treasury pursuant to the Treasury's Small Business Lending Fund Program, as well as for general corporate purposes, which may include, without limitation, making investments at the holding company level, providing capital to support its bank subsidiary, PeoplesBank, supporting asset and deposit growth, engaging in acquisitions or other business combinations, and reducing or refinancing existing debt. Codorus Valley Bancorp, Inc. is the largest independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of twenty-four financial centers located in York and Cumberland Counties in Pennsylvania, and in Baltimore, Harford, and Carroll Counties in Maryland.
CVLY: 20.98 (+0.08)
Codorus Valley reports slightly lower net earnings for Q3 2015 compared to Q3 2014
M2 - Thu Oct 22, 3:05AM CDT
Codorus Valley Bancorp Inc (NASDAQ:CVLY) reported on Wednesday for the third quarter ended 30 September 2015 a net income available to common shareholders (earnings) of USD2.9m or USD0.48 per diluted share, almost stable compared to earnings of USD3.1m or USD0.51 per diluted share for the third quarter of 2014.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Reports Third Quarter 2015 Earnings
PR Newswire - Wed Oct 21, 7:45AM CDT
Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced net income available to common shareholders (earnings) of $2,981,000 or $0.48 per share basic and diluted, for the quarter ended September 30, 2015, as compared to earnings of $3,149,000 or $0.52 per share basic and $0.51 per share diluted, for the third quarter of 2014. For the first nine months of 2015, earnings were $8,275,000 or $1.34 per share basic and $1.33 per share diluted, as compared to earnings of $8,845,000 or $1.52 per share basic and $1.49 per share diluted for the first nine months of 2014. Earnings per share as reported were adjusted for a 5 percent stock dividend declared by the Board of Directors of the Corporation on October 13, 2015, and payable on December 8, 2015, to shareholders of record at the close of business on October 27, 2015.
CVLY: 20.98 (+0.08)
Codorus Valley posts 1Q profit
Automated Insights - Thu Apr 21, 3:42PM CDT
YORK, Pa. (AP) _ Codorus Valley Bancorp Inc. (CVLY) on Thursday reported first-quarter net income of $2.8 million.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Reports First Quarter 2016 Earnings
PR Newswire - Thu Apr 21, 3:30PM CDT
Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced net income available to common shareholders (earnings) of $2.8 million or $0.35 per share basic and diluted, for the quarter ended March 31, 2016, as compared to earnings of $2.4 million or $0.39 per share basic and diluted, for the first quarter of 2015. The decrease in earnings per share was primarily a result of the 1,746,850 common shares issued in the $34.5 million public offering completed in December 2015.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend
PR Newswire - Wed Apr 13, 3:30PM CDT
On April 12, 2016, 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 $0.13 per common share, payable on May 10, 2016, to shareholders of record at the close of business on April 26, 2016. This quarterly cash dividend is the same amount as paid in the previous quarter.
CVLY: 20.98 (+0.08)
Mid Penn Bancorp, Inc. Appoints New Chief Financial Officer
GlobeNewswire - Thu Mar 24, 10:38AM CDT
Mid Penn Bancorp, Inc. ("Mid Penn"
(NASDAQ:MPB), headquartered in Millersburg, Pennsylvania, today announced Michael D. Peduzzi, CPA, is joining the organization as Executive Vice President and Chief Financial Officer (CFO). MPB: 18.46 (-0.32), CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Reports Earnings For the Quarter and Year Ended December 31, 2015
PR Newswire - Fri Jan 22, 4:00PM CST
Codorus Valley Bancorp, Inc. (Nasdaq: CVLY) (Corporation), the parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced net income available to common shareholders (earnings) for the quarter ended December 31, 2015 of $2.7 million or $0.42 per share basic and diluted, compared to the Corporation's earnings of $2.8 million or $0.45 per share basic and $0.44 per share diluted for the quarter ended December 31, 2014. For the year ended December 31, 2015, the Corporation earned $11.0 million or $1.76 per share basic and $1.75 per share diluted, compared to $11.6 million or $1.97 per share basic and $1.93 per share diluted for the year ending December 31, 2014.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp declares quarterly cash dividend
M2 - Thu Jan 21, 6:13AM CST
Board of directors of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), the parent company of PeoplesBank, has declared a regular quarterly cash dividend of USD0.13 per common share, the company said. Dividend is payable on February 9, 2016, to shareholders of record at the close of business on January 26, 2016. This quarterly cash dividend is the same amount as paid in the previous quarter. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. Codorus Valley primarily operates through its financial services subsidiary, PeoplesBank, A Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of twenty-four financial centers located in York and Cumberland Counties in Pennsylvania, and in Baltimore, Harford and Carroll Counties in Maryland.
CVLY: 20.98 (+0.08)
PeoplesBank names successor of retiring president
M2 - Wed Jan 20, 6:25AM CST
PeoplesBank, a Codorus Valley (NASDAQ: CVLY) company has named A. Dwight Utz as president, chief executive officer, and a member of the board of directors to become effective upon the retirement of Larry Miller who announced his retirement as president is effective March 8, 2016, the company said. Miller has served as president for three years and upon his retirement he will become executive chairman of the board of directors will continue to hold responsibilities for specific business lines and the philanthropic activities of the bank. He will also continue in his current capacity as chairman, president and chief executive officer of Codorus Valley Bancorp, Inc., the holding company for PeoplesBank and its related subsidiaries. With Codorus Valley, he will continue to be responsible for strategic initiatives and corporate governance. Utz currently serves as executive vice president and chief operating officer of the bank. as president and chief executive officer, he will be responsible for developing and implementing PeoplesBank's business strategy, oversight of its business operations, and fulfillment of its budgetary goals. He has an extensive background in the banking industry, having served as president and chief executive officer of the former East Carolina Bank, and in various leadership roles with MidSouth Bank, PNC Bank, and the former Central Pennsylvania-based CCNB Bank. PeoplesBank is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., a large independent financial institution headquartered in York County with more than USD1.4 billion in assets.
CVLY: 20.98 (+0.08)
PeoplesBank President Miller to Retire
PR Newswire - Tue Jan 12, 3:35PM CST
PeoplesBank, A Codorus Valley Company ("PeoplesBank or Bank"
, today announced that long-time President Larry J. Miller has announced his retirement as President and Chief Executive Officer of PeoplesBank, effective March 8, 2016, ending an incredible 35-year tenure as the top executive of the largest independent financial institution headquartered in York County, Pennsylvania. Upon his retirement, Mr. Miller will be named Executive Chairman of the Board of Directors of PeoplesBank and will continue to hold responsibilities for specific business lines and the philanthropic activities of the Bank. Mr. Miller will also continue in his current capacity as Chairman, President and Chief Executive Officer of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), the holding company for PeoplesBank and its related subsidiaries. With Codorus Valley, Mr. Miller will continue to be responsible for strategic initiatives and corporate governance. CVLY: 20.98 (+0.08)
Codorus Valley closes underwriters' purchase option
M2 - Wed Dec 30, 6:11AM CST
Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company, said the underwriters of its previously closed public offering of 1,519,000 shares of common stock have exercised in full their option to purchase an additional 227,850 shares of company common stock at a public offering price of USD19.75 per share. The company expects net proceeds from the offering, including the exercise of the purchase option, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately USD32.5 million. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC acted as joint book-running managers for the offering. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of twenty-four financial centers.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Announces Closing of Underwriters' Purchase Option
PR Newswire - Wed Dec 23, 3:25PM CST
Codorus Valley Bancorp, Inc. (Codorus Valley) (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced that the underwriters of its previously closed public offering of 1,519,000 shares of common stock have exercised in full their option to purchase an additional 227,850 shares of Company common stock at a public offering price of $19.75 per share. The Company expects net proceeds from the offering, including the exercise of the purchase option, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $32.5 million.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp closes public offering
M2 - Fri Dec 18, 7:23AM CST
Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), holding company of PeoplesBank, said it has completed a public offering of 1,519,000 shares of common stock at a price of USD19.75 per share, for gross proceeds of approximately USD30 million. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC acted as joint bookrunning managers for the offering. Rhoads & Sinon LLP served as legal counsel to the company, and Goodwin Procter LLP served as legal counsel to the underwriters. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of 24 financial centers.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Announces Closing of Public Offering
PR Newswire - Tue Dec 15, 2:50PM CST
Codorus Valley Bancorp, Inc. (Codorus Valley) (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced that it has completed a public offering of 1,519,000 shares of common stock at a price of $19.75 per share, for gross proceeds of approximately $30 million. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC acted as joint book-running managers for the offering. Rhoads & Sinon LLP served as legal counsel to the Company, and Goodwin Procter LLP served as legal counsel to the underwriters.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp prices public offering
M2 - Mon Dec 14, 6:26AM CST
Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), holding company of PeoplesBank, said it has priced a public offering of 1,519,000 shares of common stock at USD19.75 per share for gross proceeds of approximately USD30.0 million. The company said it expects to use the net proceeds of this offering to redeem, subject to applicable regulatory approvals, the USD12 million in outstanding shares of its senior non-cumulative perpetual preferred stock, Series B that had been issued to the United States Department of the Treasury pursuant to the Treasury's Small Business Lending Fund Program, as well as for general corporate purposes. Codorus Valley Bancorp, Inc. is a large independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Announces Pricing of Public Offering
PR Newswire - Thu Dec 10, 5:30AM CST
Codorus Valley Bancorp, Inc. (Codorus Valley) (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced it has priced a public offering of 1,519,000 shares of common stock at $19.75 per share for gross proceeds of approximately $30.0 million. The Company expects to close the sale of the shares of common stock on or about December 15, 2015, subject to customary closing conditions.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp commences USD30m common stock offering
M2 - Thu Dec 10, 5:18AM CST
Codorus Valley Bancorp, Inc (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company said it has commenced an underwritten public offering of approximately USD30.0 million of its common stock. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC are serving as joint book-running managers. The company expects to use the net proceeds of this offering to redeem, subject to applicable regulatory approvals, the USD12 million in outstanding shares of its senior non-cumulative perpetual preferred stock, Series B that had been issued to the United States Department of the Treasury pursuant to the Treasury's Small Business Lending Fund Program, as well as for general corporate purposes, which may include, without limitation, making investments at the holding company level, providing capital to support its bank subsidiary, PeoplesBank, supporting asset and deposit growth, engaging in acquisitions or other business combinations, and reducing or refinancing existing debt. Codorus Valley Bancorp, Inc. is the largest independent financial services holding company headquartered in York, Pennsylvania. The company primarily operates through its financial services subsidiary, PeoplesBank, a Codorus Valley Company. In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of twenty-four financial centers located in York and Cumberland Counties in Pennsylvania, and in Baltimore, Harford, and Carroll Counties in Maryland.
CVLY: 20.98 (+0.08)
Codorus Valley reports slightly lower net earnings for Q3 2015 compared to Q3 2014
M2 - Thu Oct 22, 3:05AM CDT
Codorus Valley Bancorp Inc (NASDAQ:CVLY) reported on Wednesday for the third quarter ended 30 September 2015 a net income available to common shareholders (earnings) of USD2.9m or USD0.48 per diluted share, almost stable compared to earnings of USD3.1m or USD0.51 per diluted share for the third quarter of 2014.
CVLY: 20.98 (+0.08)
Codorus Valley Bancorp, Inc. Reports Third Quarter 2015 Earnings
PR Newswire - Wed Oct 21, 7:45AM CDT
Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced net income available to common shareholders (earnings) of $2,981,000 or $0.48 per share basic and diluted, for the quarter ended September 30, 2015, as compared to earnings of $3,149,000 or $0.52 per share basic and $0.51 per share diluted, for the third quarter of 2014. For the first nine months of 2015, earnings were $8,275,000 or $1.34 per share basic and $1.33 per share diluted, as compared to earnings of $8,845,000 or $1.52 per share basic and $1.49 per share diluted for the first nine months of 2014. Earnings per share as reported were adjusted for a 5 percent stock dividend declared by the Board of Directors of the Corporation on October 13, 2015, and payable on December 8, 2015, to shareholders of record at the close of business on October 27, 2015.
CVLY: 20.98 (+0.08)
