UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
CODORUS VALLEY BANCORP,INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $2.50 PER SHARE
(Title of Class of Securities)
192-025-10-4
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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CUSIP No. 192-025-10-4
13G
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
PEOPLESBANK, A CODORUS VALLEY COMPANY, TRUST AND INVESTMENT SERVICES
DIVISION
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)____
(b)____
NOT APPLICABLE
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
COMMONWEALTH OF PENNSYLVANIA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER 69,489.
6. SHARED VOTING POWER 18,778.
7. SOLE DISPOSITIVE POWER 85,049.
8. SHARED DISPOSITIVE POWER 0.
9. AGGREGRATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,267.
10. CHECK BOX IF THE AGGREGRATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICABLE
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.0%
12. TYPE OF REPORTING PERSON*
BK*
*SEE INSTRUCTION BEFORE FILLING OUT!
*BANK TRUST DEPARTMENT
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Reporting Person
SCHEDULE 13G
Filed by: PeoplesBank, A Codorus Valley Company, Trust and
Investment Services Division
With: Securities and Exchange Commission
Washington, D. C. 20549
Calendar Year: 1997
Covered
Item 1 (a) Name of Issuer:
Codorus Valley Bancorp, Inc.
Item 1 (b) Address of Issuer's Principal Executive
Offices:
105 Leader Heights Road
P. O. Box 2887
York, PA 17405
Item 2 (a) Name of Person Filing:
PeoplesBank, A Codorus Valley Company, Trust and
Investment Services Division
Item 2 (b) Address of Principal Business Office or, if
none, Residence:
One Manchester Street
P. O. Box 67
Glen Rock, PA 17327
Item 2 (c) Citizenship:
Commonwealth of Pennsylvania
Item 2 (d) Title of Class of Securities:
Common Stock, par value $2.50 per share
Item 2 (e) CUSIP Number:
192 025 104
Item 3 If this statement is filed pursuant to
Rule 13d-1(b), or 13d-2(b). check whether
the person filing is a:
(a) Broker or dealer registered under Section 15
of the Act.
(b) XX Bank as defined in Section 3(a)(6) of the Act.
(c) Insurance company as defined in Section 3 (a) (19) of the
Act.
(d) Investment company registered under Section 8
of the Investment Company Act.
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(e) Investment adviser registered under Section 203
of Section 203 of the Investment Advisers Act
of 1940.
(f) Employee benefit plan, pension fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see 240.13d-1(b) (1) (ii) (F).
(g) Parent holding company in accordance with
240.13d-1(b) (ii) (G). (Note: See Item 7.)
(h) Group in accordance with 240.13d-1(b) (1) (ii) (H).
Item 4 Ownership (as of December 31, 1997):
(a) Amount Beneficially owned:
88,267 shares of Common Stock, par value $2.50 per share.
(b) Percent of Class: 8.0%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 69,489.
(ii) Shared power to vote or to direct the vote: 18,778.
(iii) Sole power to dispose or to direct the disposition of: 85,049.
(iv) Shared power to dispose or to direct the disposition of: 0.
Item 5 Ownership of 5% or Less of a Class:
Not Applicable
Item 6 Ownership of More than 5% on Behalf of Another Person:
66,271 shares of the Issuer that are "beneficially owned"
by PeoplesBank, A Codorus Valley Company are held by
PeoplesBank, A Codorus Valley Company, Trust and
Investment Services Division in its fiduciary capacity;
the Trust and Investment Services Division has sole
voting and dispositive power over these shares. 18,778
shares of the issuer that are "beneficially owned" by
PeoplesBank, A Codorus Valley Company held by
PeoplesBank, A Codorus Valley Company, Trust and
Investment Services Division in one Trust account which
provides for the Bank to exercise sole dispositive power;
the Trust and Investment Services Division has shared
voting power over these shares. 3,218 shares of the
Issuer that are "beneficially owned" by PeoplesBank, A
Codorus Valley Company are held by PeoplesBank, A Codorus
Valley Company, Trust and Investment Services Division in
agency accounts which provide for the Bank to exercise
sole voting power; the Trust and Investment Services
Division has no dispositive power over these shares.
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Item 7 Identification and Classification of the
Subsidiary which acquired the security being
reported on by the parent holding company:
Not Applicable
Item 8 Identification and Classification of Members
of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
By signing below I certify that, to the best of
my knowledge and belief, the securities
referred to above were acquired in the ordinary
course of business and were not acquired for
the purpose of and do not have the effect of
changing or influencing the control of the
Issuer of such securities and were not acquired
in connection with or as a participant in any
transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: 2/9/98 /s/ Bruce A. Lamborne
Bruce A. Lamborne
Senior Vice President
PeoplesBank, A Codorus Valley Company
Trust and Investment Services Division
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