Samsung Electronics Sees Sustained AI-Driven Demand for Memory Chips Into Next Year 
FDA Rejects Review of Moderna’s Flu Vaccine Application, Shares Slide 
Boeing Reports Major Supply Chain Quality Improvements After Spirit AeroSystems Deal 
Ralph Lauren Unveils Elegant Fall 2026 Women’s Collection Ahead of New York Fashion Week 
ANZ Shares Hit Record High After Strong Q1 Profit and Cost-Cutting Gains 
AbbVie Sues HHS Over Medicare Price Controls on Botox Under Inflation Reduction Act 
U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports 
Ancora Holdings Builds $200M Stake in Warner Bros Discovery, Targets Netflix Asset Sale Plan 
Moderna Stock Drops After FDA Declines Review of mRNA Flu Vaccine 
Standard Chartered Names Peter Burrill as Interim Group CFO Following Diego De Giorgi’s Exit 
FAA Confirms $1.5 Billion Peraton Contract as U.S. Air Traffic Control Overhaul Accelerates 
Gates Foundation Denies Financial Ties to Jeffrey Epstein Following DOJ Email Release 
AST SpaceMobile Joins MSCI ACWI Index as Largest New Addition, Boosting Market Visibility 
Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App 
SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms 
U.S. Judge Allows Jeffrey Epstein Sex Trafficking Lawsuit Against Bank of America to Proceed 
xAI Co-Founder Jimmy Ba Departs as Elon Musk’s AI Startup Faces Turbulence 
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]
