A Brief History of Codorus Valley Bancorp, Inc. (CVLY)

Codorus Valley Bancorp, Inc. is a bank holding company based in York, Pennsylvania. The company operates through its subsidiary, PeoplesBank, which provides a range of financial services to individuals and businesses in South Central Pennsylvania and Northern Maryland.

Founded in 1864, the company has a long history of serving the local community and has grown to become a trusted financial institution in the region. Over the years, Codorus Valley Bancorp has expanded its footprint and services to meet the changing needs of its customers.

• In 1989, Codorus Valley Bancorp went public and began trading on the NASDAQ stock exchange under the ticker symbol CVLY. This move allowed the company to raise capital to support its growth and expansion efforts.
• In 2004, Codorus Valley Bancorp acquired FNB Bank, expanding its presence in Pennsylvania and Maryland. This acquisition helped the company to increase its customer base and market share in the region.
• Throughout its history, Codorus Valley Bancorp has remained committed to providing personalized service and innovative financial solutions to its customers. The company has won numerous awards for its customer service and community involvement.

Another significant portion of CVLY is owned by individual insiders, which account for approximately 15% of the company's ownership. These insiders may include executives, directors, or employees of the company.

Additionally, around 39% of CVLY is owned by individual retail investors. These are individuals who purchase shares of the company through brokerage accounts or other investment platforms.

• Institutional Investors: 46%
• Individual Insiders: 15%
• Individual Retail Investors: 39%

Codorus Valley Bancorp, Inc. (CVLY) Mission Statement

At Codorus Valley Bancorp, Inc. (CVLY), our mission is to provide innovative financial solutions to our customers while building lasting relationships based on trust, integrity, and community involvement.

We strive to:

• Offer personalized banking services tailored to the needs of each individual or business
• Deliver exceptional customer service that exceeds expectations
• Support the communities we serve through volunteerism and charitable contributions
• Adhere to the highest ethical standards in all aspects of our business operations
• Continuously adapt and evolve to meet the changing needs of our customers

How Codorus Valley Bancorp, Inc. (CVLY) Works

Codorus Valley Bancorp, Inc. (CVLY) is a financial holding company that operates primarily through its subsidiary, PeoplesBank, A Codorus Valley Company. PeoplesBank provides a wide range of banking and financial services to individuals, businesses, and municipalities in south-central Pennsylvania and northern Maryland.

Here are some key points on how Codorus Valley Bancorp, Inc. operates:

• Retail Banking: PeoplesBank offers traditional banking services such as checking and savings accounts, loans, mortgages, and credit cards to individual customers.
• Commercial Banking: The company provides a range of financial solutions to businesses, including commercial loans, cash management services, and lines of credit.
• Wealth Management: PeoplesBank offers investment management, financial planning, and trust services through its wealth management division, tailored to meet the unique needs of high-net-worth individuals and families.
• Community Involvement: Codorus Valley Bancorp, Inc. is committed to giving back to the communities it serves through philanthropic efforts, volunteerism, and support of local organizations and events.
• Technology: The company invests in technology and digital banking solutions to enhance customer experience and provide convenient access to banking services online and through mobile devices.

How Codorus Valley Bancorp, Inc. (CVLY) Makes Money

Codorus Valley Bancorp, Inc. (CVLY) generates revenue through a variety of financial services and products that cater to both individual and business customers. Here are some key ways in which the company makes money:

• Interest Income: One of the primary sources of revenue for CVLY is interest income generated from loans and investments. As a bank holding company, CVLY earns interest on various types of loans, such as commercial, residential, and consumer loans. Additionally, the company earns interest on investments in securities such as government bonds and mortgage-backed securities.
• Fee-Based Services: CVLY also generates revenue through fee-based services offered to customers. These services may include account maintenance fees, overdraft fees, wire transfer fees, and wealth management services. By charging fees for these services, CVLY adds to its overall revenue stream.
• Deposit Account Services: Another significant source of revenue for CVLY comes from the deposit accounts held by customers. By offering savings accounts, checking accounts, CDs, and other deposit products, CVLY is able to attract customer deposits, which can then be used to fund loans and investments that generate interest income for the company.
• Investment Banking: CVLY may also earn revenue through its investment banking division, which provides services such as underwriting, financial advisory, and capital raising for corporate clients. By assisting clients with mergers and acquisitions, initial public offerings, and other financial transactions, CVLY can earn fees and commissions on these services.