SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report - February 9, 1999
CODORUS VALLEY BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-15536 23-2428543
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(State or other (Commission file (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
105 Leader Heights Road
P.O. Box 2887
York, Pennsylvania 17405-2887
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (717) 846-1970
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n/a
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(Former name or former address, if changed since last report)
Page 1 of 5 Sequentially Numbered Pages
Index to Exhibits Found on Page 4
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CODORUS VALLEY BANCORP, INC.
FORM 8-K
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Events.
On February 9, 1999, the Issuer released a Press Release,
attached as Exhibit 99, announcing the initiation of a
common stock repurchase program.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99 Press Release, of Registrant, dated February 9,
1999, re: Common Stock Repurchase Program
Initiated.
Item 8. Change in Fiscal Year.
Not applicable.
<PAGE>
CODORUS VALLEY BANCORP, INC.
FORM 8-K
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
CODORUS VALLEY BANCORP, INC.
(Registrant)
Dated: February 9, 1999 /s/ Larry J. Miller
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Larry J. Miller, President and
Chief Executive Officer
(Principal Executive Officer)
<PAGE>
CODORUS VALLEY BANCORP, INC.
FORM 8-K
EXHIBIT INDEX
Page Number in
Exhibit Manually Signed Original
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99 Press Release, of Registrant, 4
dated February 9, 1999,
re: Common Stock Repurchase
Program Initiated
EXHIBIT 99
[LOGO]
CODORUS VALLEY BANCORP, INC.
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PRESS RELEASE
CODORUS VALLEY BANCORP, INC.
COMMON STOCK REPURCHASE PROGRAM INITIATED
York, Pennsylvania
February 9, 1999
Contact Person: Larry J. Miller, President/CEO
Codorus Valley Bancorp, Inc. ("CVLY") announced that its Board of
Directors has authorized the purchase, in open market and privately
negotiated transactions, of up to 112,500 shares of its outstanding
common stock, or approximately 4.9% of the currently outstanding
shares. Repurchases are authorized to be made by CVLY from time to
time when market conditions warrant. In announcing the plan, Larry
J. Miller, President and CEO of CVLY stated that the Board of
Directors believes that the opportunity to purchase CVLY common
stock represents an attractive opportunity for the Corporation and
its shareholders. The purchases are expected to be funded by using
available excess capital.
Codorus Valley Bancorp, Inc., with consolidated assets of
approximately $273 million, is the parent company of PEOPLESBANK,
A Codorus Valley Company. PEOPLESBANK operates eight full service
community locations in southern York County and the Trust and
Investment Services Division is located at the Codorus Valley
Corporate Center.
Codorus Valley Corporate Center, 105 Leader Heights Road,
P.O. Box 2887, York, PA 17405-2887
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717-747-1519 - Fax 717-747-0490
