Codorus Valley Bancorp, Inc. (NasdaqGM:CVLY) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its issued and outstanding stock. The stock repurchased pursuant to the new program shall be held as treasury shares and be available for use and reissuance for purposes as and when determined by the company including, without limitation, pursuant to the company's dividend reinvestment and stock purchase plan and its equity compensation program.

The repurchase program is valid till until the earlier of the date an aggregate of $5 million of common stock has been repurchased or December 31, 2022, or until suspended or terminated by company.