PeoplesBank and Driver Management End Cooperation Agreement
October 31 2023 - 4:45PM
PeoplesBank, A Codorus Valley Company, and Driver Management
Company LLC and its affiliates (collectively, “Driver Management”),
have jointly announced the conclusion of their cooperation
agreement, effective October 30, 2023. This amicable decision marks
the end of a period of collaboration and opens new chapters for
both parties.
Craig L. Kauffman, President and CEO of
PeoplesBank, expressed the bank's appreciation for the valuable
contributions of Driver Management during the period of
cooperation, saying, "We are grateful for Driver Management's
commitment to our bank and its shareholders. The insights and
recommendations shared have been integral in our pursuit of growth
and innovation."
The full text of the filing can be found at
https://ir.peoplesbanknet.com/filings/Docs/default.aspx.
For media inquiries or further information, please
contact: John Moss Director of Marketing 717-747-1520
jmoss@peoplesbanknet.com
ABOUT PEOPLESBANK, A CODORUS VALLEY
COMPANY With assets of over $2 billion, PeoplesBank, A
Codorus Valley Company, is a wholly owned subsidiary of Codorus
Valley Bancorp, Inc., the largest independent financial institution
headquartered in York County, Pennsylvania. PeoplesBank offers a
full range of consumer, business, wealth management, and mortgage
services at financial centers located in communities throughout
South Central Pennsylvania and Central Maryland. For more
information, visit www.peoplesbanknet.com. (NASDAQ: CVLY)
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS This release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on the current beliefs and expectations of the management of
Codorus Valley Bancorp, Inc. and are subject to significant risks
and uncertainties. Actual results may differ from those set forth
in the forward-looking statements. Factors that could cause Codorus
Valley Bancorp, Inc.’s actual results to differ materially from
those described in the forward-looking statements can be found in
Codorus Valley Bancorp Inc.’s Annual Report on Form 10-K for the
year ended December 31, 2022, in the sections entitled “Cautionary
Note Regarding Forward-Looking Statements and Summary of Risk
Factors,” “Risk Factors,” and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations,” and in its
current and periodic reports that are, or will be, filed with the
Securities and Exchange Commission (the “SEC”) and available on the
SEC’s website at www.sec.gov or in the Investor Relations section
of the Codorus Valley Bancorp Inc.’s website at
www.peoplesbanknet.com. Codorus Valley Bancorp, Inc. undertakes no
obligation, other than as required by law, to update or revise any
forward-looking statements to reflect new information, future
events or other circumstances.
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