1. Codorus Valley Will Appoint Three New Independent Directors To Its Board of Directors

    Codorus Valley Will Appoint Three New Independent Directors To Its Board of Directors

    Codorus Valley Bancorp, Inc. ("Codorus Valley" or the "Corporation") (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company ("PeoplesBank"), today announced it is implementing a series of initiatives designed to enhance the Corporation's corporate governance practices, further analyze credit risk policies and practices, and ensure continued alignment with shareholders. These initiatives follow engagement and input from shareholders, including Driver Management ...

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    1. We believe the initiatives we announced today, which reflect direct engagement and input from our shareholders, including Driver, provide a new foundation to further enhance our corporate governance and risk management practices.
    2. We appreciate the continued engagement with the Board of Directors and their commitment to further strengthening their governance oversight and operations.
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