CODORUS VALLEY BANCORP, INC. (NASDAQ:CVLY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On July 9, 2017, D. Reed Anderson, Esq. retired from his position as Vice Chairman and Lead Director of the Boards of Directors of Codorus Valley Bancorp, Inc. (the "Corporation") and of its wholly-owned subsidiary, PeoplesBank, a Codorus Valley Company (the "Bank"). Mr. Anderson retired upon reaching the mandatory retirement age as set forth in the Corporation's Bylaws.
In addition, on July 11, 2017, John W. Giambalvo, Esq., a member of the Bank's Board of Directors since January, 2017, was appointed to the Corporation's Board of Directors to fill the unexpired term of retiring Director Anderson. Mr. Giambalvo has not been appointed to any committee of the Corporation's Board of Directors at the present time.
A copy of the press release announcing the retirement of Mr. Anderson and the appointment of Mr. Giambalvo, as well as the appointment of current Director Harry R. Swift, Esq. as Vice Chairman and Lead Director of the Boards of the Corporation and the Bank and the appointment of current Director Jeffrey R. Hines, P.E., as Chairman of both the Compensation and Corporate Governance/Nominating Committees of the Corporation's Board of Directors is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
| 99.1 | Press Release of Codorus Valley Bancorp, Inc. dated July 13, 2017. |
CODORUS VALLEY BANCORP INC ExhibitEX-99.1 2 codorus171978_ex99-1.htm PRESS RELEASE DATED JULY 13,…To view the full exhibit click here
About CODORUS VALLEY BANCORP, INC. (NASDAQ:CVLY)
Codorus Valley Bancorp, Inc. is a bank holding company. The Company provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company (PeoplesBank). The Company operates through the community banking segment. PeoplesBank is a chartered bank that offers a range of business and consumer banking services. PeoplesBank provides personal banking, mortgage banking, wealth management and real estate settlement services. PeoplesBank operates approximately 20 financial centers located in York and Cumberland Counties in Pennsylvania, and in Baltimore, Harford and Carroll Counties, and Baltimore City in Maryland. The Company’s loan portfolio consists of commercial related loans and consumer related loans. The Company’s deposits include noninterest bearing demand, negotiable order of withdrawal (NOW), money market, savings and time deposits.