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Codorus Valley Bancorp, Inc. Reports Fourth Quarter and Full Year 2020 Earnings
Codorus Valley Bancorp, IncJanuary 27, 2021 GMT
YORK, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) 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 $4.8 million or $0.49 per share basic and $0.48 per share diluted, for the quarter ended December 31, 2020, as compared to net income of $4.5 million or $0.46 per share basic and diluted, for the quarter ended December 31, 2019. For the year ended December 31, 2020, net income was $8.4 million or $0.86 per share basic and diluted, compared to $18.6 million or $1.89 per share basic and $1.88 per share diluted, for the year ended December 31, 2019.
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Monmouth Real Estate Announces Review of Strategic Alternatives Monmouth Real Estate Investment Corporation Holmdel, UNITED STATES
HOLMDEL, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE:MNR) (“Monmouth” or the “Company”) today announced that its Board of Directors (the “Board”), working together with its legal and financial advisors, has unanimously decided to explore strategic alternatives to maximize stockholder value.
The Board intends to consider the full range of available alternatives including a potential sale or merger of the Company. Monmouth has retained J.P. Morgan to work collaboratively with CS Capital Advisors to assist and advise the Board in its strategic review. The Company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction.
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Codorus Valley Bancorp, Inc. Approves New Share Repurchase Program Codorus Valley Bancorp, Inc York, Pennsylvania, UNITED STATES
YORK, Pa., Jan. 14, 2021 (GLOBE NEWSWIRE) Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced that its Board of Directors had approved a new treasury stock repurchase program.
Under the newly approved stock repurchase program, the Corporation is authorized to repurchase up to $5 million of the Corporation’s issued and outstanding common stock. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases under the program may be made from time to time in the open market at prevailing prices, or through privately negotiated transactions.
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