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Company Description (as filed with the SEC)
Codorus Valley Bancorp, Inc. ("Codorus Valley" or the "Corporation") is a Pennsylvania business corporation, incorporated on October 7, 1986. On March 2, 1987, Codorus Valley became a bank holding company under the Bank Holding Company Act of 1956, as amended. PeoplesBank, A Codorus Valley Company ("PeoplesBank") is its wholly owned bank subsidiary. The Corporation's business consists primarily of managing PeoplesBank, and its principal source of income is dividends received from PeoplesBank. The Corporation also wholly-owns two non-bank subsidiaries, SYC Realty Co., Inc., a subsidiary for holding certain foreclosed assets pending liquidation, and CVLY Corp., which may be used, as needed, for the financial and legal management of acquisition transactions. On December 31, 2014, Codorus Valley had total consolidated assets of $1.21 billion, total deposits and other liabilities of $1.09 billion, and total shareholders' equity of $118 million. ... More ...