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Section 1: 8-K (FORM 8K)

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) – October 9, 2018

 

 

 

CODORUS VALLEY BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

Pennsylvania 0-15536 23-2428543
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Number)

 

105 Leader Heights Road P.O. Box 2887 York, Pennsylvania   17405-2887
(Address of principal executive offices)   (Zip code)

 

(Registrant’s telephone number including area code) 717-747-1519

 

N/A 

(Former name or address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425) 

☐ Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

 

 

Item 8.01 Other Events

 

As announced in the attached press release, on October 9, 2018, the Board of Directors of Codorus Valley Bancorp, Inc. declared a regular quarterly cash dividend of $0.155 per common share, payable on November 13, 2018, to shareholders of record at the close of business on October 23, 2018.

 

Also on October 9, 2018, a 5% common stock dividend was declared, payable on December 11, 2018, to shareholders of record at the close of business on October 23, 2018. A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference herein.

 

 

 

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits.

 

 No.Description
99.1Press release of Codorus Valley Bancorp, Inc., dated October 10, 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Codorus Valley Bancorp, Inc.
  (Registrant)
   
Date: October 10, 2018 /s/ Larry D. Pickett
  Larry D. Pickett
  Treasurer and Assistant Secretary
  (Principal Financial and Accounting Officer)

 

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Section 2: EX-99.1 (PRESS RELEASE DATED OCTOBER 10, 2018)

Exhibit 99.1

  

Codorus Valley Bancorp, Inc.

Declares Quarterly Cash Dividend

and 5 Percent Stock Dividend

 

FOR IMMEDIATE RELEASE -- York, Pennsylvania – October 10, 2018

 

On October 9, 2018, 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 $0.155 per common share, payable on November 13, 2018, to shareholders of record at the close of business on October 23, 2018. Including the dividend that was just declared, cash dividends for the year 2018 will total $0.62 per share, representing an increase of $0.10 or 20 percent as compared to 2017 cash dividends as adjusted for the 2017 stock dividend. Also on October 9, 2018, a 5 percent common stock dividend was declared, payable on December 11, 2018, to shareholders of record at the close of business on October 23, 2018.

With assets of approximately $1.8 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. Codorus Valley Bancorp, Inc.’s Common Stock is listed on the NASDAQ Capital Market under the symbol CVLY.

 

Questions or comments concerning this Press Release should be directed to:

Codorus Valley Bancorp, Inc.  
Larry J. Miller, Chairman, President and CEO Larry D. Pickett, CPA - Treasurer
717-747-1500 717-747-1502
lmiller@peoplesbanknet.com lpickett@peoplesbanknet.com

 

Press Release

Page 1 of 1

Codorus Valley Corporate Center

105 Leader Heights Road, York, PA 17403

717-747-1519

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