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FOR IMMEDIATE RELEASE July 22 , 2021 CODORUS VALLEY BANCORP , INC . Exhibit 99.1 Codorus Valley Bancorp , Inc. Reports Second Quarter 2021 Earnings Net income of $ 3.3 million compared to $ 3.1 million in the year - ago quarter Cash dividend of $ 0.11 per share and a special cash dividend of $ 0.02 per share Purchased 142,541 shares at a weighted average price of $ 18.75 during second quarter New product deployments , including a new Zero Down Loan , planned for third quarter Company announces plans to relocate and expand the Hunt Valley Financial Center in December 2021 in a separate press release YORK , Pa . - Codorus Valley Bancorp , Inc. ( Codorus Valley , or the Corporation ) ( NASDAQ : CVLY ) , parent company of PeoplesBank , A Codorus Valley Company ( PeoplesBank ) , collectively referred to as the Company , today announced net income of $ 3.3 million or $ 0.33 per share basic and diluted , for the quarter ended June 30 , 2021 , as compared to net income of $ 3.1 million or $ 0.31 per share basic and diluted , for the quarter ended June 30 , 2020. For the first six months of 2021 , net income was $ 7.2 million or $ 0.73 per share basic and diluted , compared to $ 61,000 or $ 0.01 per share basic and diluted , for the first six months of 2020 . " Earnings for the second quarter 2021 increased by 6.5 percent over the same period in 2020 , " stated Larry J. Miller , Chairman , President / CEO . Miller added , " the Company continues to focus on several strategic initiatives related to asset and non - interest income growth , market optimization , including plans to relocate the Hunt Valley Financial Center , and several new product deployments . " " PeoplesBank is executing on strategies to increase efficiencies throughout our franchise . New mortgage products and a new rewards checking and savings product support our focus on asset growth and increasing low cost core deposits " , stated Craig L. Kauffman , President / CEO of PeoplesBank .