Anthropic IPO Marketing Expected to Start in Mid-October 
Audi, SAIC Launch China Innovation Hub for New AUDI Models 
Berkshire Hathaway Eyes Bigger Stakes in Japan’s Top Trading Houses 
ByteDance Secures $29.6 Billion Loan to Boost AI Investment 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
Adobe Names Anil Chakravarthy CEO as AI Push Accelerates 
Tesla Cybercab Launch Puts Robotaxi Ambitions in Focus 
South Korea, US Discuss Chip Investments Amid Tariff Plans 
Volkswagen Approves 50,000 More Job Cuts in Major Restructuring 
Nvidia Eyes $2.5 Billion Investment in Thinking Machines Lab 
OpenAI Launches GPT-6 Astra With Advanced AI Agent Capabilities 
Milei Threatens Falkland Oil Firms With Sanctions 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
Qantas Near-Miss Raises Sydney Air Traffic Controller Fatigue Concerns 
SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says 
GSM Eyes US, Europe Expansion Ahead of 2028 Hong Kong IPO 
Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
Add as a preferred source on Google
YORK, Pa., Feb. 16, 2018 -- On February 13, 2018, the Board of Directors of Codorus Valley Bancorp, Inc. (Nasdaq:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, approved the formation of a charitable foundation to be known as the PeoplesBank Charitable Foundation.
The Board also approved initial funding for the Foundation in the amount of $500,000. Larry Miller, Chairman, President and CEO of the Corporation said “in light of the reduction in the corporate tax rate commencing in 2018 from approximately 35% to 21% as a result of the enactment of the Tax Cuts and Jobs Act, the Board felt it appropriate to further the Corporation’s charitable activities in our community by the establishment and funding of the Foundation.” The Foundation will make a public announcement when it is prepared to start accepting requests for charitable contributions.
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 Corporation also offers mortgage banking, wealth management, and real estate settlement services through offices located in York, Cumberland and Lancaster Counties in Pennsylvania, and in Baltimore, Harford and Carroll Counties in Maryland. Additional information can be found on PeoplesBank’s website at www.peoplesbanknet.com. Codorus Valley Bancorp, Inc.’s common stock is listed on the NASDAQ Global 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 Charles T. Field, CPA – Treasurer
717-747-1500 717-747-1502
[email protected] [email protected]
