Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend and 5 Percent Stock Dividend

YORK, Pa., Oct. 11, 2017 -- On October 10, 2017, 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 $0.135 per common share, payable on November 14, 2017, to shareholders of record at the close of business on October 24, 2017.  Including the dividend that was just declared, cash dividends for the year 2017 will total $0.54 per share, representing an increase of $0.04 or 9 percent as compared to 2016 cash dividends as adjusted for the 2016 stock dividend.  Also on October 10, 2017, a 5 percent common stock dividend was declared, payable on December 12, 2017, to shareholders of record at the close of business on October 24, 2017.

Codorus Valley Bancorp, Inc. is the largest independent financial services holding company headquartered in York, Pennsylvania.  Codorus Valley primarily operates through its financial services subsidiary, PeoplesBank, A Codorus Valley Company.  In addition to a full range of business and consumer banking services, the company also offers mortgage banking, wealth management, and real estate settlement services through a network of financial centers located in York, Cumberland and Lancaster Counties in Pennsylvania, and in Baltimore, Harford, and Carroll Counties in Maryland.  Additional information can be found on the Bank’s website at www.peoplesbanknet.com.  Codorus Valley Bancorp, Inc.’s Common Stock is listed on the NASDAQ Capital Market under the symbol CVLY.