UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
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
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
PEOPLESBANK, A CODORUS VALLEY COMPANY, TRUST AND INVESTMENT
SERVICES DIVISION
2. CHECK THE APPROPRIATE BOX IF 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 186,882
6. SHARED VOTING POWER 21,508
7. SOLE DISPOSITIVE POWER 171,352
8. SHARED DISPOSITIVE POWER 62,917
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
239,149
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
NOT APPLICABLE
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.0%
12. TYPE OF REPORTING PERSON*
BK*
*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: 1999
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 17405-2887
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:
192-025-10-4
Item 3: If this statement is filed pursuant to Rule 13d-1 (b), or
13d-2 (b) (c), 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 of 1940.
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(e) ____ Investment adviser in accordance with Section 240.13d-b)(1)(ii)
(E).
(f) ____ Employee benefit plan, or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F).
(g) ____ Parent holding company or central person in accordance with
Section 240.13d-1(b)(1)(ii)(G).
(h) ____ Savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) ____ Church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940.
Item 4 Ownership (as of December 31, 1999):
(a) Amount Beneficially owned:
239,149 shares of Common Stock, par value $2.50 per share.
(b) Percent of Class: 10.0%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 186,881
(ii) Shared power to vote or to direct the vote: 21,508
(iii) Sole power to dispose or to direct the disposition of: 171,352
(iv) Shared power to dispose or to direct the disposition of: 62,917
Item 5 Ownership of 5% or less of a Class:
Not Applicable
Item 6 Ownership of More than 5% on Behalf of Another Person:
171,352 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. 41,409
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 shared dispositive power;
the individual trustee has sole voting power over these shares.
15,529 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. 21,508 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 shared voting power and shared 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 and are held
in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the Issuer of the securities and were
not acquired and are not held in connection with or as a participant
in any transaction having that purpose 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: 2/3/00 /s/ Stephanie R. Covahey
Stephanie R. Covahey
Vice President
PeoplesBank, A Codorus Valley Company
Trust and Investment Services Division
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