CVLY Buyback

Codorus Valley Bancorp, Inc. Buyback

OLI recorded this information on 1/11/2023

Company:

Codorus Valley Bancorp, Inc.

Buyback:

CVLY buyback

$Amount Authorized:

$5,000,000

Buyback Details:

On January 10, 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 $0.16 per common share, payable on February 14, 2023, to shareholders of record at the close of business on January 24, 2023. This represents a $0.01 per common share increase from the quarterly cash dividend paid in the prior four quarters. The Corporation also announced that its Board approved the repurchase of up to $5 million in aggregate value of the Corporation's common stock from time to time in open market or privately negotiated transactions ("2023 Stock Repurchase Program"). The Board authorization will continue until the earlier of (i) an aggregate of $5 million of common stock has been repurchased, (ii) December 31, 2023, or (iii) until the Stock Repurchase Program has otherwise been suspended or terminated by the Board, in its sole discretion. Shares of common stock repurchased pursuant to the 2023 Stock Repurchase Program will be held as treasury shares available for use and reissuance for corporate purposes, as and when determined by the Board including, without limitation, pursuant to the Company's Dividend Reinvestment and Stock Purchase Plan and its equity compensation program.

Codorus Valley Bancorp is a bank holding company. Through its bank subsidiary, PeoplesBank, A Codorus Valley Company (PeoplesBank), Co. provides a range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland. PeoplesBank is focused on acquiring and nurturing financial relationships with small and mid-sized businesses. Co. operates community banking. PeoplesBank's non-bank subsidiary, Codorus Valley Financial Advisors, Inc., sells non-deposit investment products. Co.'s non-bank subsidary, CVB Statutory Trust No. 2, facilitates a pooled trust preferred debt issuance of $7,217,000.

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CVLY — Key Stats (updated 4 hours, 13 minutes ago)

Company Name:	Codorus Valley Bancorp, Inc.
Stock buyback:	CVLY buyback
Website:	www.peoplesbanknet.com
Sector:	Banking & Savings
Number of ETFs Holding CVLY:	15
Total Market Value Held by ETFs:	$20.18M
Total Market Capitalization:	$217.00M
% of Market Cap. Held by ETFs:	9.30%

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Codorus Valley Bancorp, Inc. Buyback

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