Stock BuybacksBy The Online Investor Staff, updated Thu., Feb. 22, 9:32 AM
|This Slide: #3 of 25|
Slide #3. Codorus Valley Bancorp, Inc.
Codorus Valley Bancorp, Inc. (NASDAQ:CVLY)
Share Amount Authorized:
4.9% of Outstanding Common Stock
Codorus Valley Bancorp, Inc. ("Codorus Valley" or the "Corporation") (NASDAQ:CVLY), parent company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced that its Board of Directors had approved a new treasury stock repurchase program. Under the newly approved stock repurchase program, the Corporation is authorized to repurchase up to 4.9% of the Corporation's issued and outstanding common stock at February 13, 2018. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases under the program may be made from time to time in the open market at prevailing prices, or through privately negotiated transactions.
Codorus Valley Bancorp is a bank holding company, engaged in community banking. Through its wholly owned bank subsidiary, PeoplesBank, A Codorus Valley Company (PeoplesBank), Co. provides a range of business and consumer banking services. As of Dec 31 2016, PeoplesBank operated 26 financial centers located in Pennsylvania and Maryland. PeoplesBank also provides personal banking, mortgage banking, wealth management and real estate settlement services. PeoplesBank's nonbank subsidiaries sells non-deposit investment productsas well as provides real estate settlement services. At Dec 31 2016, Co. had total assets of $1.61 billion and deposits of $1.26 billion.
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